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the Chicago School On the theory of economic policy of the Chicago school of economicsvan Overtveldt's

In: A Research Annual

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  • Warren J. Samuels

Abstract

Chicago economists have pursued and applied the logic of price theory in any direction and as far it will go. This is their hallmark and their genius. The adoption of any principle, however, implies the selection of a correlative opportunity cost, a rule as fundamental as any other in price theory. The opportunity cost consists, in part, of the alternative accounts of the operation of the economy and economic policy-making, and in part, the coherence, conditions, and limits of Chicago's doctrines of theory and policy.

Suggested Citation

  • Warren J. Samuels, 2008. "the Chicago School On the theory of economic policy of the Chicago school of economicsvan Overtveldt's," Research in the History of Economic Thought and Methodology, in: A Research Annual, pages 33-46, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-4154(08)26003-7
    DOI: 10.1016/S0743-4154(08)26003-7
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