Chicago School(redirected from Chicago school economics)
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Related to Chicago school economics: Milton Friedman
1. A group of US architects of the late 1800s to early 1900s, including William Le Baron Jenney and Louis Sullivan, noted for their utilitarian designs and their use of steel framing as a skeleton for multistory buildings.
2. An approach to economics that emphasizes monetarism and disfavors government intervention in the free-market economy as inherently inefficient.
[So called because many important figures in the school were active in Chicago, Sense 2, so called because important advocates of the approach were University of Chicago faculty members.]