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Chicago School of Economics

Contents

Unveiling the Chicago School of Economics: Origins, Principles, and Impact

Exploring the Chicago School of Economics

Discover the origins and fundamental principles of the Chicago School of Economics, a renowned economic school of thought advocating for free-market principles.

Origins and Evolution

Delve into the history of the Chicago School, tracing its roots back to the 1930s and its evolution into a prominent neoclassical economic theory.

Key Principles and Beliefs

Explore the core tenets of the Chicago School, including its emphasis on free markets, minimal government intervention, and rational expectations theory.

Prominent Figures and Contributions

Learn about notable figures associated with the Chicago School, such as Nobel Laureate Milton Friedman, and their significant contributions to economic theory and finance.

Critiques and Controversies

Examine criticisms leveled against the Chicago School, particularly in light of the financial crisis and Great Recession, and the ongoing debate surrounding its economic doctrines.