Finding the Chicago School

Jamie Peck

in Constructions of Neoliberal Reason

Published in print October 2010 | ISBN: 9780199580576
Published online January 2011 | e-ISBN: 9780191595240 | DOI:
Finding the Chicago School

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This chapter presents a critical analysis of the rise and reconstruction of the Chicago School of Economics. The Chicago School is widely credited, by friends and foes alike, as a cradle of the neoliberal movement. It positions ‘Chicago’ within the ideational and ideological networks of the neoliberal project, tracing its various connections to centers of political power and economic expertise. The ambivalent relationship between the Chicago School and the city that supplied its name is shown to find an echo in the character of neoliberalism as a fickle and ostensibly ‘disembedded’ political project, which seeks to foster placeless and ‘portable’ policy rationalities. Even if Chicago was not the singular birthplace of neoliberalism, the distinctive contributions of Milton Friedman and his colleagues at the University of Chicago shaped one of the most vibrant strains of free-market theory.

Keywords: Chicago School of Economics; neoliberal movement; monetarism; Chicago; Milton Friedman; University of Chicago

Chapter.  21719 words. 

Subjects: Political Economy

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