Chicago school From the University of Chicago, and opposing Keynesianism, a number of contributions and doctrinal attitudes of authors can be identified, which turn back to neoclassical economics, are in favor of laissez faire and monetarism. Its main precursor is Milton Friedman, along with Frank H. Knight and Friedrich A. von Hayek, the latter acting as a liaison with the Austrian School. The common view of the Chicago School focuses on the idea that governmental interventions should be at its minimum required, being deregulation the most desirable path. They support monetary policies when required by the economic environment, as they assume these to be more reliable and effective than fiscal policies.
Posted on: Wed, 03 Dec 2014 03:51:00 +0000
Trending Topics
Recently Viewed Topics
© 2015