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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. Ross B. Emmett (ed.), 2010. "The Elgar Companion to the Chicago School of Economics," Books, Edward Elgar Publishing, number 2591.
    2. 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, September.
    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. Bruce Caldwell, 2020. "The Road to Serfdom after 75 Years," Journal of Economic Literature, American Economic Association, vol. 58(3), pages 720-748, September.
    2. 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.
    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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