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Finding the Chicago School

Jamie Peck

in Constructions of Neoliberal Reason

Published in print:
2010
Published Online:
January 2011
ISBN:
9780199580576
eISBN:
9780191595240
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199580576.003.0003
Subject:
Business and Management, Political Economy

This chapter presents a critical analysis of the rise and reconstruction of the Chicago School of Economics. The Chicago School is widely credited, by friends and foes alike, as a cradle of the ... More


Constructions of Neoliberal Reason

Jamie Peck

Published in print:
2010
Published Online:
January 2011
ISBN:
9780199580576
eISBN:
9780191595240
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199580576.001.0001
Subject:
Business and Management, Political Economy

Amongst intellectuals and activists, neoliberalism has become a potent signifier for the kind of free-market thinking that has dominated politics for the past three decades. Forever associated with ... More


What Has Chicago Wrought?: Painting Policy by the Numbers

David Colander and Craig Freedman

in Where Economics Went Wrong

Published in print:
2018
Published Online:
May 2019
ISBN:
9780691179209
eISBN:
9780691184050
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691179209.003.0005
Subject:
Business and Management, Business History

This chapter begins by differentiating between the views of economic theory of the interwar Chicago Economics Department and the postwar Chicago School. The interwar department was highly skeptical ... More


The Case for Choice

Harry Brighouse

in School Choice and Social Justice

Published in print:
2002
Published Online:
November 2003
ISBN:
9780199257874
eISBN:
9780191598845
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199257876.003.0002
Subject:
Political Science, Political Theory

Describes the main kinds of school choice: public school choice, charter schools, and school vouchers. It looks at a series of arguments for school choice reforms, including Milton Friedman's ... More


Keynesianism and the Emergence of Monetarism, 1945–1971

Daniel Stedman Jones

in Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics

Published in print:
2014
Published Online:
October 2017
ISBN:
9780691161013
eISBN:
9781400851836
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691161013.003.0006
Subject:
History, American History: 20th Century

This chapter examines how the neoliberal breakthrough came in the seemingly unlikely realm of technical economic policy. The long postwar boom, often dubbed the Golden Age of capitalism, continued ... More


The Monetarist Tradition

Edmund S. Phelps

in Seven Schools of Macroeconomic Thought

Published in print:
1990
Published Online:
November 2003
ISBN:
9780198283331
eISBN:
9780191596766
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283334.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter gives a review of the development and theory of monetarist macroeconomics, a school that started in the 1930s. It mainly discusses the views of Milton Friedman––long regarded as the ... More


Milton Friedman: Contributions to Economics and Public Policy

Robert A. Cord and J. Daniel Hammond (eds)

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198704324
eISBN:
9780191773761
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198704324.001.0001
Subject:
Economics and Finance, Economic History, Macro- and Monetary Economics

Milton Friedman is widely regarded as one of the most influential economists of the twentieth century and possibly of all time. Although he made many important contributions to both economic theory ... More


Managers and Market Capitalism

Karthik Ramanna

in Political Standards: Corporate Interest, Ideology, and Leadership in the Shaping of Accounting Rules for the Market Economy

Published in print:
2015
Published Online:
May 2016
ISBN:
9780226210742
eISBN:
9780226210889
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226210889.003.0009
Subject:
Economics and Finance, Financial Economics

This chapter considers the responsibilities of corporate managers in thin political markets. The standard assumption in a capitalist system is that corporate managers’ responsibilities are to ... More


Because, Not As If

Paul W. Glimcher

in Foundations of Neuroeconomic Analysis

Published in print:
2010
Published Online:
January 2011
ISBN:
9780199744251
eISBN:
9780199863433
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199744251.003.0006
Subject:
Psychology, Neuropsychology

This chapter provides a high-level description of the explicit theoretical goals that should guide the neuroeconomic study of choice. The first part of the chapter defends the view that economic ... More


Milton Friedman’s Monetary Economics: Theory and Empirics

James R. Lothian

in Milton Friedman: Contributions to Economics and Public Policy

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198704324
eISBN:
9780191773761
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198704324.003.0011
Subject:
Economics and Finance, Economic History, Macro- and Monetary Economics

This chapter discusses Milton Friedman’s approach to economic analysis in the context of his scholarly work and of his work as a teacher and mentor of dissertation students. To do so, it draws not ... More


The Unfulfilled Promise of Corporate Philanthropy

Thomas W. Dunfee

in Giving Well: The Ethics of Philanthropy

Published in print:
2011
Published Online:
January 2011
ISBN:
9780199739073
eISBN:
9780199855872
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199739073.003.0013
Subject:
Philosophy, General

Rejecting Milton Friedman's classic position, this chapter develops an account of corporate philanthropy as a legitimate corporate activity. The author evaluates arguments for and against the view ... More


Milton Friedman’s Public Life after Retirement, 1976–88

Allan H. Meltzer

in Milton Friedman: Contributions to Economics and Public Policy

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198704324
eISBN:
9780191773761
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198704324.003.0006
Subject:
Economics and Finance, Economic History, Macro- and Monetary Economics

After retiring from the University of Chicago, Milton Friedman remained active in discussions of economic policy. He was a master of explaining economic ideas to laymen and governments, and taught ... More


What's so Informative about Choice?

ANDREW SCHOTTER

in The Foundations of Positive and Normative Economics: A Hand Book

Published in print:
2008
Published Online:
October 2011
ISBN:
9780195328318
eISBN:
9780199851768
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195328318.003.0003
Subject:
Economics and Finance, Economic History

Like any other science, economics, as suggested by Milton Friedman, aims to come up with a “hypothesis” or “theory” that can possibly explain certain phenomena. The author of this chapter attempts to ... More


Where Economics Went Wrong

David Colander and Craig Freedman

Published in print:
2018
Published Online:
May 2019
ISBN:
9780691179209
eISBN:
9780691184050
Item type:
book
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691179209.001.0001
Subject:
Business and Management, Business History

Milton Friedman once predicted that advances in scientific economics would resolve debates about whether raising the minimum wage is good policy. Decades later, Friedman's prediction has not come ... More


Milton Friedman, the Quantity Theory, and Hyperinflation in Russia

Vincent Barnett

in Milton Friedman: Contributions to Economics and Public Policy

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198704324
eISBN:
9780191773761
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198704324.003.0020
Subject:
Economics and Finance, Economic History, Macro- and Monetary Economics

This chapter examines the Russian hyperinflation of 1921–24 as an example of the case-study approach to providing empirical support for the quantity theory of money, as was presented by Milton ... More


Friedman and Robbins

Susan Howson

in Milton Friedman: Contributions to Economics and Public Policy

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198704324
eISBN:
9780191773761
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198704324.003.0039
Subject:
Economics and Finance, Economic History, Macro- and Monetary Economics

Milton Friedman and Lionel Robbins are the authors of two of the three most important statements on economic methodology: Friedman’s “The Methodology of Positive Economics”, published in 1953, and ... More


Conservatives and the American Economy

George A. (Sandy) Mackenzie

in Crisis of Conservatism?: The Republican Party, the Conservative Movement, and American Politics After Bush

Published in print:
2011
Published Online:
September 2011
ISBN:
9780199764013
eISBN:
9780199897186
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199764013.003.0013
Subject:
Political Science, American Politics

The chapter explores the influence of the conservative movement on American economic policy. It assesses the role of conservative ideas on economic thought and practice and distinguishes between ... More


Introduction

Robert A. Cord and J. Daniel Hammond

in Milton Friedman: Contributions to Economics and Public Policy

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198704324
eISBN:
9780191773761
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198704324.003.0001
Subject:
Economics and Finance, Economic History, Macro- and Monetary Economics

The Introduction to the volume begins by noting that Milton Friedman was one of the most influential economists of the twentieth century, with only Keynes able to rival him. The Introduction then ... More


Milton Friedman, James Buchanan, and Constitutional Political Economy

Peter J. Boettke and Rosolino Candela

in Milton Friedman: Contributions to Economics and Public Policy

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198704324
eISBN:
9780191773761
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198704324.003.0038
Subject:
Economics and Finance, Economic History, Macro- and Monetary Economics

This chapter argues that the ambiguous bifurcation in Frank Knight’s understanding of economics would manifest itself through the divergent paths in the earlier writings of his students Milton ... More


Monetary Base Control

J. C. R. Dow and I. D. Saville

in A Critique of Monetary Policy: Theory and British Experience

Published in print:
1990
Published Online:
November 2003
ISBN:
9780198283195
eISBN:
9780191596186
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283199.003.0009
Subject:
Economics and Finance, Macro- and Monetary Economics

A discussion on monetary base control forms the context of this chapter. It begins by defining what is known as the wide monetary base. It covers the debates over monetary base control by examining ... More


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