Chicagonomics: The Evolution of Chicago Free Market Economics

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St. Martin's Press, Oct 6, 2015 - Business & Economics - 336 pages

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.

 

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Chicagonomics: The Evolution of Chicago Free Market Economics

User Review  - Publishers Weekly

Ebenstein (Milton Friedman: A Biography), an economics lecturer at UC Santa Barbara, offers a comprehensive and noteworthy examination of the University of Chicago's influence on economic theory in ... Read full review

CHICAGONOMICS: The Evolution of Chicago Free Market Economics

User Review  - Kirkus

Ebenstein (Economics/Univ. of California, Santa Barbara; Milton Friedman: A Biography, 2007, etc.) explores the history and reputation of the Chicago School of Economics. The author chronicles the ... Read full review

Contents

Historical Background of Chicagonomics
1
Rockefellers University and the Department of Political Economy
19
Jacob Viner as Classical Liberal
38
Frank Knight before Chicago
53
Chicagoan and Austrian Economics in the 1930s
69
Henry Simons and Progressive Taxation
79
Cowles Commission and Keynes
92
The Chicago School of Economics
108
Law and Economics and Political Philosophy
140
Philosopher of Classical Liberalism
154
Friedman as Economist and Public Intellectual
168
The 1980s Crescendo and Contemporary
184
Interview with Milton Friedman
209
Letter from Paul Samuelson about Milton Friedman
218
Notes
242
Index
268

Chicago Economists in Academia
130

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About the author (2015)

LANNY EBENSTEIN is a Lecturer in the Department of Economics at UCSB, teaching the history of economic and political thought. From 1990 to 1998, Dr. Ebenstein was an elected member of the Santa Barbara Board of Education. He has written ten books on the history of economic and political thought, including the first biographies of Friedrich Hayek and Milton Friedman. His work is frequently cited in publications from a wide range of disciplines and perspectives, and has been translated into a number of foreign languages. He lives in Santa Barbara, CA.

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