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social science subjects > economics > schools of economics > Chicago school of economics

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]

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https://concepts.sagepub.com/social-science/concept/Chicago_school_of_economics

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