Over the last decade, there has been an outpouring of scholarly research on the Chicago school of economics and its leading figures. This paper provides a selective survey of this research, focusing in particular on (1) the origins of a distinctive Chicago economics in the 1930s, (2) the work of Milton Friedman in the 1950s and 1960s in light of the Keynesian consensus of the day, and (3) the relationship between Chicago economists and the idea of “neoliberalism” in economic thought and policy.
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Douglas A. Irwin; The Midway and Beyond: Recent Work on Economics at Chicago. History of Political Economy 1 December 2018; 50 (4): 735–775. doi: https://doi.org/10.1215/00182702-7202548
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