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The Development of Post-war Chicago Price Theory

In: The Elgar Companion to the Chicago School of Economics

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  • J. Daniel Hammond

Abstract

Many know the Chicago School of Economics and its association with Milton Friedman, George Stigler, Ronald Coase and Gary Becker. But few know the School's history and the full scope of its scholarship. In this Companion, leading scholars examine its history and key figures, as well as provide surveys of the School's contributions to central aspects of economics, including: price theory, monetary theory, labor and economic history. The volume examines the School's traditions of applied welfare theory and law and economics while providing a glimpse into emerging research on Chicago's role in the development of neoliberalism.

Suggested Citation

  • J. Daniel Hammond, 2010. "The Development of Post-war Chicago Price Theory," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 1, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2591_1
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    References listed on IDEAS

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    1. Milton Friedman, 1949. "The Marshallian Demand Curve," Journal of Political Economy, University of Chicago Press, vol. 57(6), pages 463-463.
    2. Ross B. Emmett, 2016. "Chicago School," Chapters, in: Gilbert Faccarello & Heinz D. Kurz (ed.), Handbook on the History of Economic Analysis Volume II, chapter 25, pages 368-374, Edward Elgar Publishing.
    3. O. Lange, 1934. "Notes on the Determinateness of the Utility Function: III," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 2(1), pages 75-77.
    4. George J. Stigler, 1950. "The Development of Utility Theory. I," Journal of Political Economy, University of Chicago Press, vol. 58(4), pages 307-307.
    5. E. J. Working, 1927. "What Do Statistical "Demand Curves" Show?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 41(2), pages 212-235.
    6. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
    7. A. C. Pigou & Milton Friedman & N. Georgescu-Roegen, 1936. "Marginal Utility of Money and Elasticities of Demand," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 50(3), pages 532-539.
    8. D. Gale Johnson, 1950. "Resource Allocation under Share Contracts," Journal of Political Economy, University of Chicago Press, vol. 58(2), pages 111-111.
    9. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6, National Bureau of Economic Research, Inc.
    10. Henry Schultz, 1935. "Interrelations of Demand, Price, and Income," Journal of Political Economy, University of Chicago Press, vol. 43(4), pages 433-433.
    11. George J. Stigler, 1945. "The Cost of Subsistence," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 27(2), pages 303-314.
    12. Milton Friedman & Simon Kuznets, 1945. "Income from Independent Professional Practice," NBER Books, National Bureau of Economic Research, Inc, number frie54-1.
    13. R. F. Harrod, 1934. "Doctrines of Imperfect Competition," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 48(3), pages 442-470.
    14. Milton Friedman & L. J. Savage, 1952. "The Expected-Utility Hypothesis and the Measurability of Utility," Journal of Political Economy, University of Chicago Press, vol. 60(6), pages 463-463.
    15. Milton Friedman & L. J. Savage, 1948. "The Utility Analysis of Choices Involving Risk," Journal of Political Economy, University of Chicago Press, vol. 56(4), pages 279-279.
    16. Milton Friedman, 1935. "Professor Pigou's Method for Measuring Elasticities of Demand from Budgetary Data," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 50(1), pages 151-163.
    17. O. Lange, 1934. "The Determinateness of the Utility Function," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 1(3), pages 218-225.
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