IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/2591_2.html
   My bibliography  Save this book chapter

Chicago Economics and Institutionalism

In: The Elgar Companion to the Chicago School of Economics

Author

Listed:
  • Malcolm Rutherford

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

  • Malcolm Rutherford, 2010. "Chicago Economics and Institutionalism," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 2, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:2591_2
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781840648744.00009.xml
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Thorstein Veblen, 1899. "Mr. Cummings's Strictures on "The Theory of the Leisure Class"," Journal of Political Economy, University of Chicago Press, vol. 8(1), pages 106-106.
    2. Walton H. Hamilton, 1916. "The Development of Hoxie's Economics," Journal of Political Economy, University of Chicago Press, vol. 24(9), pages 855-855.
    3. Ross B. Emmett, 2010. "Frank H. Knight," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 6, Edward Elgar Publishing.
    4. Reder, Melvin W, 1982. "Chicago Economics: Permanence and Change," Journal of Economic Literature, American Economic Association, vol. 20(1), pages 1-38, March.
    5. Robert W. Dimand & Mary Ann Dimand & Evelyn L. Forget (ed.), 2000. "A Biographical Dictionary of Women Economists," Books, Edward Elgar Publishing, number 749.
    6. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
    7. Robert Leeson, 2000. "The Eclipse of Keynesianism," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-333-98565-6.
    8. Shoshana Grossbard, 2006. "The New Home Economics at Columbia and Chicago," Springer Books, in: Shoshana Grossbard (ed.), Jacob Mincer A Pioneer of Modern Labor Economics, chapter 7, pages 37-49, Springer.
    9. Arthur F. Burns & Wesley C. Mitchell, 1946. "Measuring Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number burn46-1, March.
    10. 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.
    11. Craig Freedman, 2002. "The xistence of definitional economics--Stigler's and Leibenstein's war of the words," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(2), pages 161-178, March.
    12. Stigler, George J & Friedland, Claire, 1983. "The Literature of Economics: The Case of Berle and Means," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 237-268, June.
    13. Abram L. Harris, 1932. "Types of Institutionalism," Journal of Political Economy, University of Chicago Press, vol. 40(6), pages 721-721.
    14. Hammond,J. Daniel, 1996. "Theory and Measurement," Cambridge Books, Cambridge University Press, number 9780521552059.
    15. Coase, R H, 1993. "Law and Economics at Chicago," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 239-254, April.
    16. Veblen, Thorstein, 1899. "The Theory of the Leisure Class," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1899.
    17. Evelyn Forget, 2010. "Margaret Gilpen Reid," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 13, Edward Elgar Publishing.
    18. Malcolm Rutherford, 2003. "On the Economic Frontier: Walton Hamilton, Institutional Economics, and Education," History of Political Economy, Duke University Press, vol. 35(4), pages 611-653, Winter.
    19. Milton Friedman & Simon Kuznets, 1945. "Income from Independent Professional Practice," NBER Books, National Bureau of Economic Research, Inc, number frie54-1, March.
    20. Malcolm Rutherford, 2004. "Institutional Economics at Columbia University," History of Political Economy, Duke University Press, vol. 36(1), pages 31-78, Spring.
    21. Henry Schultz, 1935. "Correct and Incorrect Method of Determining the Effectiveness of the Tariff," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 17(4), pages 625-641.
    22. George J. Stigler & James K. Kindahl, 1970. "The Behavior of Industrial Prices," NBER Books, National Bureau of Economic Research, Inc, number stig70-1, March.
    23. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, March.
    24. Ross Emmett, 2006. "De gustibus est disputandum: Frank H. Knight's reply to George Stigler and Gary Becker's 'De gustibus non est disputandum' with an introductory essay," Journal of Economic Methodology, Taylor & Francis Journals, vol. 13(1), pages 97-111.
    25. John U. Nef, 1934. "James Laurence Laughlin (1850-1933)," Journal of Political Economy, University of Chicago Press, vol. 42(1), pages 1-1.
    26. Sowell, Thomas, 1993. "A Student's Eye View of George Stigler," Journal of Political Economy, University of Chicago Press, vol. 101(5), pages 784-792, October.
    27. George J. Stigler, 1947. "The Kinky Oligopoly Demand Curve and Rigid Prices," Journal of Political Economy, University of Chicago Press, vol. 55(5), pages 432-432.
    28. Rutherford, Malcolm, 2002. "Morris A. Copeland: A Case Study in the History of Institutional Economics," Journal of the History of Economic Thought, Cambridge University Press, vol. 24(3), pages 261-290, September.
    29. Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, vol. 67(2), pages 76-90, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gautié, Jérôme, 2015. "D'un siècle à l'autre, salaire minimum, science économique et débat public aux États-Unis, en France et au Royaume-Uni (1890-2015)," CEPREMAP Working Papers (Docweb) 1518, CEPREMAP.
    2. Alexandre Chirat & Charlotte Le Chapelain, 2017. "Some “unexpected proximities” between Schultz and Galbraith on human capital," Working Papers of BETA 2017-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    3. Alexandre Chirat & Charlotte Le Chapelain, 2017. "Some “unexpected proximities” between Schultz and Galbraith on human capital," Working Papers 08-17, Association Française de Cliométrie (AFC).
    4. Galbács, Péter, 2019. "A chicagonomics és a közgazdaságtan imperializmusa ["Chicagonomics" and the imperialism of economics]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 229-255.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Galbács, Péter, 2019. "A chicagonomics és a közgazdaságtan imperializmusa ["Chicagonomics" and the imperialism of economics]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 229-255.
    2. Malcolm Rutherford, 2001. "Institutional Economics: Then and Now," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 173-194, Summer.
    3. Bruce E. Kaufman, 2010. "Chicago and the Development of Twentieth-Century Labor Economics," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 9, Edward Elgar Publishing.
    4. Hugh Rockoff, 2010. "On the Origins of A Monetary History," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 7, Edward Elgar Publishing.
    5. Christian Johnson & George G Kaufman, 2007. "Un banco, con cualquier otro nombre…," Boletín, CEMLA, vol. 0(4), pages 185-199, Octubre-d.
    6. Anastassios D. Karayiannis & Allan E. Young, 2003. "Entrepreneurial Activities in a Veblenian Type Transition Economy," The American Economist, Sage Publications, vol. 47(2), pages 40-51, October.
    7. Chenhong Peng, 2023. "Household Consumption and the Discrepancy Between Economic and Subjective Poverty: The Mediating Roles of Perceived Social Status and Social Connectedness," Journal of Happiness Studies, Springer, vol. 24(5), pages 1703-1727, June.
    8. Marco Guerzoni & Massimiliano Nuccio, 2014. "Music consumption at the dawn of the music industry: the rise of a cultural fad," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 38(2), pages 145-171, May.
    9. Esra Alp Coskun & Nicholas Apergis & Yener Coskun, 2022. "Threshold effects of housing affordability and financial development on the house price‐consumption nexus," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 1785-1806, April.
    10. Gruber, Noam, 2018. "Keeping up with the Zhangs: Relative income and wealth, and household saving behavior," Journal of Macroeconomics, Elsevier, vol. 55(C), pages 77-95.
    11. Groenewegen, John, 2022. "Institutional form (blueprints) and institutional function (process): Theoretical reflections on property rights and land," Land Use Policy, Elsevier, vol. 121(C).
    12. Robert L. Hetzel, 2007. "The contributions of Milton Friedman to economics," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 93(Win), pages 1-30.
    13. Nick Vikander, 2011. "Targeted Advertising and Social Status," Tinbergen Institute Discussion Papers 11-016/1, Tinbergen Institute.
    14. Luis F. Aguado & Elisabetta Lazzaro & Luis A. Palma Martos & Ana M. Osorio Mejia, 2018. "Newspaper Reading as a Form of Cultural Participation: The Case of Colombia," Review of Economics & Finance, Better Advances Press, Canada, vol. 11, pages 40-54, February.
    15. Lambert, Thomas, 2023. "The Economic Surplus, the Baran Ratio, and Long Wave Cycles," MPRA Paper 117537, University Library of Munich, Germany.
    16. Francisco José de Siqueira, 2007. "La instrumentación jurídica de la distribución de papel moneda de curso legal en Brasil," Boletín, CEMLA, vol. 0(4), pages 167-184, Octubre-d.
    17. Peter Galbács, 2021. "How the attitude of Chicago economics towards philosophy changed over time: an essay on what role some historical methods should play in practicing the philosophy of economics," Post-Print hal-03414823, HAL.
    18. Ryan H. Murphy, 2019. "The rationality of literal Tide Pod consumption," Journal of Bioeconomics, Springer, vol. 21(2), pages 111-122, July.
    19. Steven G. Medema, 2010. "Chicago Law and Economics," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 11, Edward Elgar Publishing.
    20. Galbács, Péter, 2017. "Max Weber és a modern makroökonómia újraértelmezése. Elméleti keret a kortárs makroökonómia módszertani elemzéséhez [Max Weber and reinterpretation of modern macroeconomics. A theoretical framework," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 285-304.

    More about this item

    Keywords

    Economics and Finance;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:2591_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.