Abstract
To identify a Chicago School of economics requires some demarcations, both of ideas and persons, that may not be universally accepted. Justification for these decisions must be heuristic, that is, they facilitate the story to be told. But it is not denied that there may be alternative accounts that would entail different demarcations. In this account, the ‘Chicago School’ is and has been centred in the University of Chicago’s Economics Department from about 1930 to the present (1985). However, it is convenient to define the School so as to include many members of the large contingent of economists in the Graduate School of Business and the group of economists and lawyer-economists in the Law School. Largely because of the intellectual loyalty of former students, the influence of the Chicago School extends far beyond the University of Chicago to the faculties of other universities, the civil service, the judiciary and private business. Moreover, this influence is not confined to the United States.
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© 1991 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Reder, M.W. (1991). Chicago School. In: Eatwell, J., Milgate, M., Newman, P. (eds) The World of Economics. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-21315-3_7
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DOI: https://doi.org/10.1007/978-1-349-21315-3_7
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