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The Chicago Tradition in Economics 1892-1945 : Routledge Library of 20th Century - Ross B.  Emmett

The Chicago Tradition in Economics 1892-1945

By: Ross B. Emmett (Editor)

Multi-Item Pack | 25 October 2001 | Edition Number 1

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The home of more Nobel Laureates than any other institution, the University of Chicago has a unique place in the development of economics, fostering the work of some of the most influential and controversial economists of the twentieth century, including Frank Knight, Milton Friedman and Gary Becker. Today the Chicago School is seen as the single most important proponent of neoclassical price theory to explain observed economic behaviour, and of free markets, as the most efficient means of allocating resources and distributing incomes. However, as this collection demonstrates, economics at Chicago has been far from monolithic, even during the heyday of the 1930s and 1940s. This collection traces the development of Chicago Economics to the end of the Second World War. Each volume focuses on an individual or group of individuals who made distinctive contributions including: * Thorstein Veblen and the development of institutional economics * Wesley C. Mitchell and the Quantity Theory of Money * Margaret Reid and the emergence of Human Capital Theory * Henry Scholtuz and the development of quantitative methods * The Cobb-Douglas production function * Jacob Viner on both the history of economic thought and international economics * Frank H. Knight on price theory The set contains a general introduction, outlining the development of economics in Chicago during this period. Introductions to individual volumes provide biographical information on the economists in question and place the works reproduced in their historical and intellectual context.

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