Chicago school of economics

Chicago School of Economics
Definition Chicago School - A strand of economic theory highlighting the benefits of free market economics and critical of keynesian government intervention ...

Knight was one of the founders of the so-called Chicago school of economics, of which milton friedman and george stigler were the leading members from the 1950s to the 1980s.

It started with the dismantling of Bretton Woods and the ushering in of the Chicago School of Economics; and it continued with the Reagan-Thatcher view that the market always knew best and that less regulation was always the answer.

Ancient economic thought Â- Classical economics Â- Marxian economics Â- Neo-classical economics Â- Institutional economics Â- Keynesian economics Â- Chicago School of economics Â- Austrian School of economics ...

He then worked for Columbia University and for the federal government, and became Professor of Economics at the University of Chicago. There he carried forward the intellectual tradition of the Chicago school of economics.

See also: Keynesian, Classical economics, Keynesian economics, Smith, Free market