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A Year of Transition: Faculty Recruiting at Chicago in 1946

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  • David Mitch

Abstract

The year 1946 has been seen as a pivotal year of transition by historians of the Chicago Economics Department, in large part as a result of the arrival of Milton Friedman that year. This essay examines new evidence on department deliberations on faculty hiring in February of 1946. It argues that Friedman's recruitment reflected a compromise between Frank Knight and his followers on the one hand and those associated with the Cowles Commission on the other.

Suggested Citation

  • David Mitch, 2016. "A Year of Transition: Faculty Recruiting at Chicago in 1946," Journal of Political Economy, University of Chicago Press, vol. 124(6), pages 1714-1734.
    • Handle: RePEc:ucp:jpolec:doi:10.1086/688878
    DOI: 10.1086/688878
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    References listed on IDEAS

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    1. Hayek, F. A. & Caldwell, Bruce, 2007. "The Road to Serfdom," University of Chicago Press Economics Books, University of Chicago Press, number 9780226320557 edited by Caldwell, Bruce, December.
    2. Ross B. Emmett (ed.), 2010. "The Elgar Companion to the Chicago School of Economics," Books, Edward Elgar Publishing, number 2591.
    3. Hayek, F. A. & Caldwell, Bruce, 2007. "The Road to Serfdom," University of Chicago Press Economics Books, University of Chicago Press, number 9780226320540 edited by Caldwell, Bruce, Febrero.
    4. Burgin, Angus, 2012. "The Great Persuasion: Reinventing Free Markets since the Depression," Economics Books, Harvard University Press, number 9780674058132, Spring.
    5. repec:ucp:bkecon:9780226264141 is not listed on IDEAS
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    Cited by:

    1. James R. Lothian & George S. Tavlas, 2018. "How Friedman and Schwartz Became Monetarists," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(4), pages 757-787, June.
    2. Bruce Caldwell, 2020. "The Road to Serfdom after 75 Years," Journal of Economic Literature, American Economic Association, vol. 58(3), pages 720-748, September.
    3. Kolev, Stefan & Köhler, Ekkehard A., 2021. "Transatlantic Roads to Mont Pèlerin: "Old Chicago" and Freiburg in a World of Disintegrating Orders," Working Papers 309, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.

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