Mark Thoma directs us to Paul Romer. And Paul Romer gets remarkably exercised about George Stigler’s long and successful war against the use of the theory of monopolistic competition in economics, with its consequence that even today we have “scientifically unacceptable” people who say: We will never, as a matter of principle, consider a model … Continue reading Rent-Seeking, Price-Taking Competition, Paul Romer, and the History of Economic Thought