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David Mitch

David Mitch is Professor of Economics at the University of Maryland, Baltimore County and Affiliate Professor of Asian Studies. He received an A.B. in Economics in 1973, an A.M. in Economics in 1974 and a PhD in Economics in 1982, all from the University of Chicago. He was a Fulbright Lecturer at the London School of Economics in 1995. In 2014, he was made an Honorary Doctor by Uppsala University in Sweden in recognition of his contributions to the economic history of education.
Democracy

The University of Chicago Once Studied a Laissez-Faire Economics Compatible with Public Interest

David Mitch
The Chicago School is often associated with laissez-faire economics that reads into Adam Smith’s philosophy of political economy justifications for self-interest and prudential motivations. However, a careful history of the University of Chicago’s early Economics Department and School of Commerce and Administration reveals a more complicated understanding of how economics and business were to interact with one another and society. The early University of Chicago pursued a program that emphasized that laissez-faire economics and a concern for the public interest were not antagonists but perfectly compatible, writes David Mitch.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

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