The Elgar Companion to the Chicago School of Economics

Emmett, Ross B.

doi:10.4337/9781849806664

Cited by 43 publications

(19 citation statements)

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“…Rees stayed at Chicago until 1966, serving as the editor of the Journal of Political Economy from 1954 to 1959 and as chair of the economics department from 1962 to 1966. During the 1950s and 1960s, the economics department of the University of Chicago was an exception to the formalist, neoclassical sway that ruled the majority of economics departments (Blaug 2003; Emmet 2010; Rizvi 2003). Inspired and dominated by George Stigler and Milton Friedman, the so-called Chicago School in economics was neoclassical, but much more empirical and Marshallian in its focus than the other economics departments.…”

Section: The Behavioral Economics Programmentioning

confidence: 99%

“…Inspired and dominated by George Stigler and Milton Friedman, the so-called Chicago School in economics was neoclassical, but much more empirical and Marshallian in its focus than the other economics departments. In addition, it was characterized ideologically by a strong and outspoken free-market libertarianism (Emmet 2010).…”

Section: The Behavioral Economics Programmentioning

confidence: 99%

“…By contrast, the Russell Sage Foundation's total annual endowments between 1986 and 1992 were much smaller than those of the Sloan Foundation, and the share spent on the behavioral economics program thus larger. (Blaug 2003;Emmet 2010;Rizvi 2003). Inspired and dominated by George Stigler and Milton Friedman, the so-called Chicago School in economics was neoclassical, but much more empirical and Marshallian in its focus than the other economics departments.…”

Section: Eric Wanner and The Alfred P Sloan And Russell Sage Foundatmentioning

confidence: 99%

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A Sense of Mission: The Alfred P. Sloan and Russell Sage Foundations' Behavioral Economics Program, 1984–1992

Heukelom¹

2012

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ArgumentThe main contribution of the Alfred P. Sloan and Russell Sage Foundations' behavioral economics program (1984–1992) was not the resources it provided, which were relatively modest. Instead, the program's contribution lay in catalyzing “a sense of mission” in the collaboration between psychologists Daniel Kahneman and Amos Tversky, economist Richard Thaler, and their associates. Partly this reflected the common strategy of American foundations to pick an individual or small group of scientists and stick with them until scientific success had been achieved. But moreover, it was a consequence of the careful management of the program's director Eric Wanner. The various actors involved in the behavioral economics program constructed a new behavioral economic sub-discipline in economics by tapping into existing missionary sentiments in the economic and psychological disciplines, while at the same time actively shaping this sense of mission.

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Section: The Behavioral Economics Programmentioning

confidence: 99%

Section: The Behavioral Economics Programmentioning

confidence: 99%

Section: Eric Wanner and The Alfred P Sloan And Russell Sage Foundatmentioning

confidence: 99%

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A Sense of Mission: The Alfred P. Sloan and Russell Sage Foundations' Behavioral Economics Program, 1984–1992

Heukelom¹

2012

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“…Among historians of economics, "Chicago Economics" has become an industry on its own. (Van Horn et al, 2011, Emmett, 2010 Yet, they have largely ignored MIT, which equalsand very likely exceeds -Chicago's influence among academic economists.…”

mentioning

confidence: 99%

Mit’s Rise to Prominence: Outline of a Collective Biography

Svorenčík¹

2014

History of Political Economy

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The core question of MIT Economics Department's historywhy has MIT economics risen to prominence so quicklyrequires an approach to history of economics that focuses on the role of the networks within which economists operate, their ideas diffuse, and gain scientific credit. By reconstructing the network of MIT economics Ph.Ds. and their advisors, this paper furnishes not just evidence of how MIT rose to prominence as documented by the numerous ties of Nobel Laureates, Clark Medalists, elected officials of the AEA or the Council of Economic Advisors to the MIT network. The MIT Economics Department is also revealed as a community of self-replicating economists who are to a large extent trained by a few key advisers who were mostly trained at MIT as well. MIT exhibits a large share of graduates who remain in American academia that is disproportionate to the number of graduates it has produced. It is hypothesized that this has been an important factor in MIT's rise to prominence. On a methodological level this paper introduces prosopography or collective biography, a well-established historiographic method, to the field of history of economics.

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“…This article adds to other efforts to study various attempts by economists to explore issues outside the traditional scope of their discipline (e.g., Medema 2000, Fontaine 2007, and Harnay and Marciano 2009 and contributes to the growing literature on the history of cross-disciplinary research ventures after the Second World War (see also Backhouse and Fontaine 2010). It also offers a contribution to the literature on the history of the Chicago school (e.g., Emmett 2010), which, so far, has not specifically addressed the expansion of the scope of economics.…”

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confidence: 99%

Wandering Through the Borderlands of the Social Sciences: Gary Becker’sEconomics of Discrimination

Fleury¹

2012

History of Political Economy

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The Economics of Discrimination (1957) was Gary Becker's first published work using microeconomic tools to investigate supposedly noneconomic phenomena. 1 Although the significance of the book is now widely acknowledged, there are still confusions and misconceptions regarding the nature of Becker's contribution to the social scientific literature on race relations in the 1950s and its reception and impact in the 1960s. For instance, the role of the book in the history of the relationship between economics and the other social sciences is unclear. Most accounts acknowledge that before Becker's essay, discrimination was understood to be outside the boundaries of economics (see, for instance, Chiswick 1995 and

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The Elgar Companion to the Chicago School of Economics

Cited by 43 publications

References 0 publications

A Sense of Mission: The Alfred P. Sloan and Russell Sage Foundations' Behavioral Economics Program, 1984–1992

A Sense of Mission: The Alfred P. Sloan and Russell Sage Foundations' Behavioral Economics Program, 1984–1992

Mit’s Rise to Prominence: Outline of a Collective Biography

Wandering Through the Borderlands of the Social Sciences: Gary Becker’sEconomics of Discrimination

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