Wisconsin School of Economics

The Wisconsin School of Economics refers to a group of economists and their theories that emerged primarily from the University of Wisconsin-Madison in the early to mid-20th century. This school is known for its emphasis on empirical research and the application of economic theory to real-world problems. It significantly influenced fields like labor economics, public policy, and regional development. Prominent figures include John R. Commons and Edwin S. Mills, who focused on the roles of institutions and social contexts in economic behavior, shaping modern economic thought and policy analysis.