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Information at Chicago

In: The Palgrave Companion to Chicago Economics

Author

Listed:
  • Edward Nik-Khah

    (Roanoke College)

Abstract

Economists often credit the Chicago School of Economics with innovating the economics of information. An impression persists that its members shared a view of economic agency and a coherent position on information in markets. Focusing on four cases in point (the economics of search, human capital theory, rational expectations macroeconomics, and financial economics), this chapter challenges this impression: Chicago scholars did not adhere to a single position on information. It then explores whether and to what extent one might view these various strands as belonging to the same “school”.

Suggested Citation

  • Edward Nik-Khah, 2022. "Information at Chicago," Springer Books, in: Robert A. Cord (ed.), The Palgrave Companion to Chicago Economics, chapter 6, pages 123-148, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-01775-9_6
    DOI: 10.1007/978-3-031-01775-9_6
    as

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