Title: Chicagonomics : the evolution of Chicago free market economics /
Authors: Ebenstein, Alan O.
Year: 2015
Subjects: Chicago school of economics.; Economics United States History; Chicago school of economics; Economics; Chicago-Schule.; Marktwirtschaft.; Neoliberalismus; United States
Abstract: Chicagonomics explores the history and development of classical liberalism as taught and explored at the University of Chicago. Ebenstein's tenth book in the history of economic and political thought, it deals specifically in the area of classical liberalism, examining the ideas of Friedrich Hayek and Milton Friedman, and is the first comprehensive history of economics at the University of Chicago from the founding of the University in 1892 until the present. The reader will learn why Chicago had such influence, to what extent different schools of thought in economics existed at Chicago, the Chicago tradition, vision, and what Chicago economic perspectives have to say about current economic and social circumstances. Ebenstein enlightens the personal and intellectual relationships among leading figures in economics at the University of Chicago, including Jacob Viner, Frank Knight, Henry Simons, Milton Friedman, George Stigler, Aaron Director, and Friedrich Hayek. He recasts classical liberal thought from Adam Smith to the present.
Contents: Introduction : Historical background of Chicagonomics -- Rockefeller's University and the Department of Political Economy -- Jacob Viner as classical liberal -- Frank Knight before Chicago -- Chicagoan and Austrian economics in the 1930s -- Henry Simmons and progressive taxation -- Cowles Commission and Keynes -- The Chicago School of Economics -- Chicago economists in academia -- Law and economics, and political philosophy -- Hayek at Chicago : philosopher of classical liberalism -- Friedman as economist and public intellectual --The 1980s crescendo and contemporary libertarianism -- Conclusion : Current applications of Chicagonomics -- Appendix : Interview with Milton Friedman on Friedrich Hayek -- Appendix : Letter from Paul Samuelson about Milton Friedman -- Bibliographical essay.