Chicago School
Data-Driven Ideology: The Problem With Economists' Takeover of Policymaking
According to New York Times journalist Binyamin Appelbaum's recent book The Economists'Â Hour, economics is not the unbiased science that it pretends to be, but...
Corporations and the Rise of the Chicago Law and Economics Movement
From its birth in 1946 onward, corporations made possible and crucially supported the rise of the Chicago law and economics movement. Aaron Director,...
"The Lack of Competition Has Deprived American Workers of $1.25 Trillion of Income"
French economist Thomas Philippon, author of the recent The Great Reversal, explains how Europe got to be better at free markets than the US and how...
Chile's Fall From Grace Shows the Failures of Neoliberalism
For many years, Chile’s economic growth and transition to democracy have made it the poster boy for neoliberalism. The current wave of protests highlights...
Vertical Media Mergers Are a Serious Threat to Freedom of Speech
Antitrust regulators should stop mergers where a firm owning the means of transmission acquires a provider of content. The people that own the pipes...
Aaron Director and the Empirical Foundation for the Chicago Attitude on Antitrust
Empirical evidence, not just disembodied theory, was an important building block of Director’s view that competition could defeat concentration, writes Daniel Kuehn.
Editor's note: Aaron...
A Fair Amount of Freedom for Everyone: Aaron Director Did Have Ideals
David Henderson of the Hoover Institution defends the legacy of Aaron Director, the most enigmatic among the founders of the so-called "Chicago School." Director, argues...
How Powerful Ideas Can Shape Society: Aaron Director and the Triumph of Nihilism
The rise of giants like Amazon and Facebook proves the long-lasting influence of Director's approach. His intellectual and political legacy is the transition of...
If One Monopoly Is Good for the Firm, Are Two Always Better? Aaron Director and the Tie-in Problem
When IBM patented a punch card processing machine, it had the power to influence both the market of machines and punch cards, but this is...
Aaron Director’s Legacy: The Beginning of Doubt is the Beginning of Wisdom
Aaron Director died 15 years ago. He published almost nothing, but his ideas influenced a generation of economists and intellectuals. Professor Stephen Stigler remembers...
