Building Chicago Economics

Over the past forty years, economists associated with the University of Chicago have won more than one-third of the Nobel prizes awarded in their discipline and have been major influences on American public policy. Building Chicago Economics presents the first collective attempt by social science historians to chart the rise and development of the Chicago School during the decades that followed the Second World War. Drawing on new research in published and archival sources, contributors examine the people, institutions and ideas that established the foundations for the success of Chicago economics and thereby positioned it as a powerful and controversial force in American political and intellectual life. Table of Contents: Blueprints R. Van Horn, P. Mirowski, and T. Stapleford; Orientation: finding the Chicago School J. Peck; Part I. Economics Built for Policy: The Legacy of Milton Friedman: 1. Positive economics for democratic policy: Milton Friedman, institutionalism, and the science of history T. Stapleford; 2. Markets, politics, and democracy at Chicago: taking economics seriously D. Hammond; Part II. Constructing the Institutional Foundations of the Chicago School: 3. The price is not right: Theodore W. Schultz, policy planning, and agricultural economics in the cold-war United States P. Burnett; 4. Sharpening tools in the workshop: the workshop system and the Chicago School's success R. Emmett; 5. George Stigler, the graduate school of business, and the pillars of the Chicago School E. Nik-Khah; Part III. Imperial Chicago: 6. Chicago price theory and chicago law and economics: a tale of two transitions S. Medema; 7. Intervening in laissez-faire liberalism: Chicago's shift on patents R. Van Horn and M. Klaes; 8. Allusions to evolution: edifying evolutionary biology rather than economic theory J. Vromen; 9. On the origins (at Chicago) of some species of evolutionary economics P. Mirowski; Part IV. Debating Chicago Neoliberalism: 10. Jacob Viner's critique of Chicago neoliberalism R. Van Horn; 11. The Chicago School, Hayek, and neoliberalism B. Caldwell; 12. The lucky consistency of Milton Friedman's science and politics, 1933-1963 B. Cherrier; 13. Far right of the midway: Chicago neoliberalism and the genesis of the Milton Friedman Institute (2006-2009) E. Nik-Khah. Author Biography: Robert Van Horn is Assistant Professor of Economics at the University of Rhode Island. He received his Ph.D. in Economics from the University of Notre Dame in 2007 and was a Postdoctoral Associate at the Center for the History of Political Economy at Duke University in 2008-2009. His published work on the history of the Chicago School comprises two chapters in Philip Mirowski and Dieter Plehwe's The Road from Mont Pelerin: Making of the Neoliberal Thought Collective (2009) and two articles in Ross Emmett's the Elgar Companion to the Chicago School of Economics (2010). Professor Van Horn has also published in History of Political Economy, Journal of the History of Economic Thought, Research in the History of Economic Thought and Methodology, and Social Studies of Science. Thomas Stapleford is Associate Professor in the Program of Liberal Studies at the University of Notre Dame. He received his Ph.D. from the Department of the History of Science at Harvard University in 2003, where he studied the history of the social sciences. His dissertation, revised and published as The Cost of Living in America: A Political History of Economic Statistics, 1880-2000 (Cambridge University Press, 2009), won the Joseph Dorfman Best Dissertation Award from the History of Economics Society in 2004. Professor Stapleford was a Visiting Scholar at the American Academy of Arts and Sciences in Cambridge, Mass., in 2008-2009. He has published articles on economic statistics and political economy in a variety of journals and is currently working on a history of family economics, the first effort by economists to make empirical studies of household life. Philip Mirowski is Carl Koch Professor of Economics and the History and Philosophy of Science at the University of Notre Dame. His areas of specialization are in the history and philosophy of economics and the politics and economics of knowledge, with subsidiary areas in evolutionary computational economics, the economics of science and technological change, science studies, and the history of the natural sciences. His most recent books include The Effortless Economy of Science (2004, winner of the Ludwig Fleck Prize from the Society for the Social Studies of Science), Machine Dreams (Cambridge University Press, 2001), and ScienceMart (2011), and he edited Agreement on Demand (2006), Science Bought and Sold (2001), and The Road from Mont Pelerin (2009). His landmark book More Heat than Light (Cambridge University Press, 1989) has been translated into French (2001). He has been the recipient of fellowships from the Fulbright program and New York University and was elected visiting Fellow at All Souls' College Oxford. He was elected President of the History of Economics Society for 2011.