Monetarism and The Chicago School
Main articles: Monetarism and Chicago school (economics) See also: Monetarism, Gary Becker, George Stigler, Frank Knight, Robert E. Lucas, and Robert FogelThe interventionist monetary and fiscal policies that the orthodox post-war economics recommended came under attack in particular by a group of theorists working at the University of Chicago, which came to be known as the Chicago School. This more conservative strand of thought reasserted a "libertarian" view of market activity, that people are best left to themselves, free to choose how to conduct their own affairs.
Read more about this topic: History Of Economic Thought
Famous quotes containing the words chicago and/or school:
“You want to get Capone? Here’s how you get him: he pulls a knife, you pull a gun, he sends one of yours to the hospital, you send one of his to the morgue. It’s the Chicago way and that’s how you get Capone.”
—David Mamet, U.S. screenwriter, and Brian DePalma. Jimmy Malone (Sean Connery)
“A sure proportion of rogue and dunce finds its way into every school and requires a cruel share of time, and the gentle teacher, who wished to be a Providence to youth, is grown a martinet, sore with suspicions; knows as much vice as the judge of a police court, and his love of learning is lost in the routine of grammars and books of elements.”
—Ralph Waldo Emerson (1803–1882)