Concept information
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business and management
international business
economics of international business
economic theories of international business
Preferred term
Chicago school of economics
Definition
- The Chicago School of Economics refers to the free market approach to economics advocated by members of the Department of Economics at the University of Chicago. The Chicago School approach began in the 1930s under Frank Knight and persisted for decades producing multiple Nobel Prize winners. [Source: Encyclopedia of Business Ethics and Society; Chicago School of Economics]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Chicago_school_of_economics
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