Details

Autor(en) / Beteiligte

• Samuels, Warren J

Titel

Van Overtveldt's The Chicago School: On the theory of economic policy of the Chicago School of Economics

Ist Teil von

• A Research Annual, 2008, Vol.26 Part 1, p.33-46

Ort / Verlag

Emerald Group Publishing Limited

Erscheinungsjahr

2008

Link zum Volltext

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• Chicago economists have pursued and applied the logic of price theory in any direction and as far it will go. This is their hallmark and their genius. The adoption of any principle, however, implies the selection of a correlative opportunity cost, a rule as fundamental as any other in price theory. The opportunity cost consists, in part, of the alternative accounts of the operation of the economy and economic policy-making, and in part, the coherence, conditions, and limits of Chicago's doctrines of theory and policy.