March 11, 2010

The Chicago School--Why Does Anybody Still Listen To It

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URL: http://feedproxy.google.com/~r/blogspot/Hzoh/~3/7Bo3JUt2hBg/chicago-school-why-does-anybody-still.html

by Linda Beale The Chicago School--why does anybody still listen to it ? I have frequently written here about the problems of 'freshwater' economics--the school personified by Milt Friedman and the extremist 'free market' ideology that views government as the enemy, the 'markets' as always right, and any public role in economic development as 'socialism'. As I've noted, this ideology misses many points about the role of government in creating a space where markets can function as they should and where ind...

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