Chicago school of economics
The Chicago school of economics is a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago, some of whom have constructed and popularized its principles.
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academic home and institutional base for the development of monetarism
The Chicago school provided the environment where Friedman and his colleagues developed and refined monetarist principles.
institutional home of the theory's revival
The Chicago School is famous for its strong advocacy of the quantity theory of money, particularly through the work of Milton Friedman and his colleagues.