University of Chicago

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August 25, 2024 4 min read Definitions
Chicago School of Economics: An Approach to Normative Economics
Economics Normative Economics Free Markets University of Chicago Milton Friedman F. A. Hayek Economic Theories
The Chicago School of Economics emphasizes the benefits and efficiency of free markets over centrally planned economies, rooted in the works of faculty members at the University of Chicago like Milton Friedman and F. A. Hayek.
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