The School of Chicago

The Chicago School refers to a group of economists and scholars based at the University of Chicago, renowned for their influential theories in economics and social sciences. Prominent from the mid-20th century, they emphasized the importance of free markets, minimal government intervention, and rational individual behavior. Key figures like Milton Friedman advocated for ideas such as monetary policy and deregulation. The Chicago School also contributed to urban sociology, studying social structures and the dynamics of American cities. Their work has shaped modern economic thought and influenced policies around the world.