The Chicago School of Economics (as a related but distinct entity)

The Chicago School of Economics is a school of thought emphasizing the importance of free markets and limited government intervention. It advocates that market forces, driven by individual choices and competition, generally lead to efficient outcomes. Originating from the University of Chicago in the mid-20th century, it influentially incorporates rigorous economic analysis to shape policy and understanding of economic behavior. While closely associated with economists like Milton Friedman, it differs from broader economic theories by focusing on empirical evidence and the belief that free markets tend to solve economic problems effectively when left largely unregulated.