The Palgrave Companion to Chicago Economics PDF
Preview The Palgrave Companion to Chicago Economics
THE PALGRAVE COMPANION TO CHICAGO ECONOMICS Edited by Robert A. Cord The Palgrave Companion to Chicago Economics Robert A. Cord Editor The Palgrave Companion to Chicago Economics Editor Robert A. Cord Researcher in Economics London, UK ISBN 978-3-031-01491-8 ISBN 978-3-031-01775-9 (eBook) https://doi.org/10.1007/978-3-031-01775-9 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2022 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland For Shirin, Andy, Ayesha and Ben Contents Part I Themes in Chicago Economics 1 1 The Department of Economics at the University of Chicago, 1947–1982 3 Arnold C. Harberger and Sebastian Edwards 2 Economic History in Departments of Economics: The Case of the University of Chicago, 1892 to the Present 21 David Mitch 3 International Economics at Chicago 55 Sebastian Edwards and Douglas A. Irwin 4 Chicago Political Economy and Its Virginia Cousin 79 Richard E. Wagner 5 The Cowles Commission at the University of Chicago, 1939–1955 103 Robert W. Dimand 6 I nformation at Chicago 123 Edward Nik-Khah vii viii Contents Part II Some Chicago Economists 149 7 James Laurence Laughlin (1850–1933) 151 Charles R. McCann, Jr. and Vibha Kapuria-Foreman 8 Th orstein Veblen (1857–1929) 175 Wesley Clair Mitchell 9 Frank H. Knight (1885–1972) 203 Ross B. Emmett 10 L loyd W. Mints (1888–1989) 223 Samuel Demeulemeester 11 Paul H. Douglas (1892–1976) 249 Bill Bergman 12 J acob Viner (1892–1970) 275 Arthur I. Bloomfield 13 H enry Schultz (1893–1938) 325 Jim Thomas 14 Margaret Gilpin Reid (1896–1991) 343 Evelyn L. Forget 15 Henry Calvert Simons (1899–1946) 357 Sherry Davis Kasper 16 A aron Director (1901–2004) 383 Robert Van Horn 17 Th eodore W. Schultz (1902–1998) 401 Paul Burnett 18 Mary Jean Bowman (1908–2002) 421 Pedro N. Teixeira 19 George J. Stigler (1911–1991) 445 David M. Levy and Sandra J. Peart Contents ix 20 M ilton Friedman (1912–2006) 477 James Forder 21 Lloyd A. Metzler (1913–1980) 515 Robert A. Cord 22 Berthold F. Hoselitz (1913–1995) 545 David Mitch 23 H. Gregg Lewis (1914–1992) 573 Daniel S. Hamermesh 24 D. Gale Johnson (1916–2003) 595 Daniel A. Sumner 25 Albert E. Rees (1921–1992) 635 Randall K. Filer 26 Merton H. Miller (1923–2000) 653 Bruce D. Grundy 27 Harry G. Johnson (1923–1977) 679 Michael B. Connolly 28 Arnold C. Harberger (1924–) 695 William Dougan 29 G eorge S. Tolley (1925–2021) 739 Glenn C. Blomquist, Richard V. Burkhauser, and Donald S. Kenkel 30 R obert W. Fogel (1926–2013) 773 Richard H. Steckel 31 A rnold Zellner (1927–2010) 789 Franz C. Palm 32 Gary S. Becker (1930–2014) 817 Pedro N. Teixeira x Contents 33 Robert E. Lucas, Jr. (1937–) 841 Pierrick Clerc and Michel De Vroey 34 S herwin Rosen (1938–2001) 871 Kenneth J. McLaughlin 35 Richard A. Posner (1939–) 901 Jean-Baptiste Fleury and Alain Marciano 36 Eugene F. Fama (1939–) 925 G. William Schwert 37 James J. Heckman (1944–) 939 Richard Blundell and Flávio Cunha 38 Richard H. Thaler (1945–) 979 Alex Imas 39 Lars Peter Hansen (1952–) 1005 Jaroslav Borovička N otes on Contributors 1057 I ndex 1069 List of Figures Figure 34.1 Compensating price differential 875 Figure 34.2 Compensating wage differential for schooling 887 xi
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