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Robert Van Horn & Edward Nik-Khah

In: The SAGE Handbook of Neoliberalism

Chapter 8: Planning the ‘Free’ Market: The Genesis and Rise of Chicago Neoliberalism1

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Planning the ‘Free’ Market: The Genesis and Rise of Chicago Neoliberalism1
Planning the ‘Free’ Market: The Genesis and Rise of Chicago Neoliberalism
Robert Van Horn Edward Nik-Khah
Introduction

The Chicago School of Economics emerged as one of the primary intellectual formations in the US economics orthodoxy in the post-World War II era.2 Not only is it America's most influential school of economic thought, but it has also exerted demonstrable influence across the disciplines, including the fields of law and political science.

Many non-economists (as well as a fair share of economists) mistakenly equate Chicago with neoclassical economics, and they hold certain images about Chicago, which are oversimplified, shortsighted, and ahistorical. The first misperception concerns ‘economics imperialism': Chicago economists ...

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