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Chicago Fundamentalism:Ideology and Methodology in Economics

Author

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  • Craig F Freedman

    (Macquarie University, Australia)

Abstract

Cold-war ideology infected the development of economics in ways its practitioners were often not fully aware. The Chicago counter-revolution against the dominant post-war triumph of Keynesian analysis had an essential subtext, a perceived struggle between freedom and collective slavery. Ideological objectives subsequently influenced methodological concerns, pushing economists to adopt the zero-sum tactics of the courtroom rather than the mutually beneficial manners of the senior common room. In these ideologically charged times, economists stopped reading opposing views carefully, seeking instead to dismiss, out of hand, uncongenial ideas.

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Suggested Citation

  • Craig F Freedman, 2008. "Chicago Fundamentalism:Ideology and Methodology in Economics," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6809, January.
    • Handle: RePEc:wsi:wsbook:6809
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    File URL: https://www.worldscientific.com/worldscibooks/10.1142/6809
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    Cited by:

    1. Bruce E. Kaufman, 2010. "The Theoretical Foundation of Industrial Relations and its Implications for Labor Economics and Human Resource Management," ILR Review, Cornell University, ILR School, vol. 64(1), pages 74-108, October.
    2. Medema, Steven G, 2024. "Identifying a "Chicago School" of Economics: On the Origins, Diffusion, and Evolving Meanings of a Famous Brand Name," SocArXiv cbq8a, Center for Open Science.
    3. Bruce E. Kaufman, 2010. "Institutional Economics and the Minimum Wage: Broadening the Theoretical and Policy Debate," ILR Review, Cornell University, ILR School, vol. 63(3), pages 427-453, April.

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