Chicago school


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Chicago school

a group of economists at Chicago University, most notable of whom is Milton FRIEDMAN, who have adopted and refined the QUANTITY THEORY OF MONEY, arguing the need for governments to control the growth of the MONEY SUPPLY over the long term. Within the broad parameters set by stable money growth, the Chicago school stresses the importance of the market system as an allocative mechanism, leaving consumers free to make economic decisions with minimal government interference. See MONETARISM.
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By the 1980s, the Chicago School ideas had become the conventional wisdom, at least among the senior staff at the Federal Trade Commission and the Justice Department during Ronald Reagan's presidency.
The law, according to the researchers, "was successful in catalyzing serious challenges to a dysfunctional status quo in a large number of Chicago school communities" (p.
Although opinions vary on the constituency of the Chicago School, (34) key early figures included Shailer Mathews (historical theology), Shirley Jackson Case (New Testament and early Christian history), (35) John Merlin Powis Smith (Old Testament), George Burman Foster (philosophy of religion), Gerald Birney Smith (theology), and Edward Scribner Ames (philosophy).
Consequently, economists (in general) and the Chicago school (in particular) tend to put much emphasis on efficiency and prefer not to lower it except for clear and well-defined reasons.
The city's attempts to create a flexible and accountable public school environment began in 1988, when legislators passed the Chicago School Reform Act, which decentralized the school system.
The main distinction that separates the Birmingham School from the Chicago School, as indicated by the selections, is the former's initial emphasis on white male working-class youths in England.
Sound antitrust policy is as elusive as any other sound economic policy, however, so an alternative to the Chicago school of antitrust is also considered.
The essence of the Chicago School of Sociology, as it developed under the leadership of Robert Park in the 1920s, was "nosing around." Using the language of journalism, it en compassed the art of seeing the city as it is, not as we would like it to be.
THE head of a Chicago school marched 50 pupils to the home of 11-year-old truant Loetwone Banks to chant "Come to school, Loetwone."
Epstein, a physician at the University of Illinois at Chicago School of Public Health, has reviewed 66 studies relating to rBST milk and concludes that they "raise very significant questions about the carcinogenic risks" of the liquid.
The School approach is used to analyze the Chicago School of Sociology under the leadership of Robert E.
American critic and teacher associated with the Chicago school of literary criticism.

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