Monetarism and The Chicago School
Main articles: Monetarism and Chicago school (economics) See also: Monetarism, Gary Becker, George Stigler, Frank Knight, Robert E. Lucas, and Robert FogelThe interventionist monetary and fiscal policies that the orthodox post-war economics recommended came under attack in particular by a group of theorists working at the University of Chicago, which came to be known as the Chicago School. This more conservative strand of thought reasserted a "libertarian" view of market activity, that people are best left to themselves, free to choose how to conduct their own affairs.
Read more about this topic: History Of Economic Thought
Famous quotes containing the word school:
“... the school should be an appendage of the family state, and modeled on its primary principle, which is, to train the ignorant and weak by self-sacrificing labor and love; and to bestow the most on the weakest, the most undeveloped, and the most sinful.”
—Catherine E. Beecher (1800–1878)