Chicago School

University of Chicago tradition of rigorous price theory and empirical work with free-market conclusions.

Specifications & Metrics

era

1946 onward

founders

Milton Friedman, George Stigler

signature

Price theory applied broadly, with deep skepticism of intervention

Core Principles & Analysis

• Friedman's monetarism and Stigler's regulatory economics both grew there.
• Its law-and-economics movement reshaped U.S. antitrust and regulatory courts.
• Chicago faculty and students account for one of the longest Nobel runs in the discipline.

Sources

• Wikipedia: Chicago school of economics