Chicago School
The Consumer Welfare Standard and Antitrust Enforcement: a Response
Alden Abbott, former general counsel of the FTC, argues that, contrary to claims made in a recent ProMarket article, American competition is vibrant and robust....
The Rise, Survival, and Potential Fall of the Reagan-Era Antitrust Consensus
With major antitrust reform in the air, Brian Cheffins explores how and why a now highly controversial antitrust consensus that emerged under Ronald Reagan...
What Economists Mean When They Say “Consumer Welfare Standard”
Though coined by academic economists, the term “consumer welfare standard” has been captured and changed by the economic school of thought known as the...
Towards a More Complete Understanding of Market Power and Consumer Harm in Antitrust Law
Antitrust law currently tends to disregard non-consumer harms and the potential influence of companies on policymaking. A new paper explores how antitrust law can...
Why the Mid-20th Century Was Not the Golden Age of Antirust
The New Brandeisian version of American history presumes that there was a mid-20th century golden age of antitrust that was displaced by a misguided...
The Chicago Planning Program and the Interdisciplinary Tradition of the Chicago School
The Chicago Planning Program, an interdisciplinary program that operated at the University of Chicago between 1947 and 1956, is an often-neglected part of the...
Looks Can Be Deceiving: Ronald Coase and the Chicago School
Ronald Coase is typically thought of as one of the Chicago School’s brightest lights. But Coase’s relationship with Chicago was always an uneasy one,...
The Complicated Legacy of the “Chicago Boys” in Chile
How did a group of Chicago-trained economists manage to turn Chile into the cradle of neoliberalism? As the country aims to move away from...
George Stigler on Henry Simons, “Crown Prince” of the Chicago School
To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is republishing George...
An Unusual History: A Conversation Between Two Economists About the Economics Department at the University of Chicago
In conversation with Sebastian Edwards, Arnold C. Harberger reflects on his time at the Department of Economics at the University of Chicago.
Editor’s note: The...
