Chicago School: Difference between revisions

|caption="A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both."

|speaker=Milton Friedman

Proto-Neoliberalism<br>

[[File:Friedman.png]] Milton Friedman thought<br>

[[File:Montbert.png]] Monetarist Libertarianism<br>

[[File:Chigeobert.png]] Chicagoan Georgism ([[File:Friedman.png]] Friedmanism)<br>

{{Alias|PNL(France).png|Reactionary Liberalism|[[File:UtoLib.png]] Utopic Liberalism}}<br>

|alignments=

[[File:Libertarian.png]] [[Libertarianism]]<br>

|sub=

[[File:Neoclassical.png]] '''Neo-Classical Economics''' {{Collapse|

*[[File:Clib.png]] [[Classical Liberalism]]

*[[File:NuKeynesPix.png]] [[Keynesian School|Neo-Keynesianism]]

}}

[[File:ChiAuth.png]] '''Chicago Boys''' {{Collapse|

*[[File:Anticommunism.png]] Anti-Communism

*[[File:Antisoc.png]] Anti-Union

*[[File:Fiscon.png]] [[Fiscal Conservatism]]

*[[File:Monet.png]] [[Monetarism]]

*[[File:Pinochet-hat.png]] [[Pinochetism]]

}}

[[File:Bolsonarism - alt.png]] [[Reactionary Liberalism#Brazil|Bolsonarism]]<br>

[[File:Gremialismo.png]] [[Christian Democracy|Gremialismo]]<br>

[[File:Newkeynes.png]] [[Keynesian School|New Keynesianism]]<br>

[[File:Reagan.png]] [[Neoconservatism|Reaganism]]<br>

|definition=A kind of Libertarianism based on the Chicagoan School of Economics

[https://www.youtube.com/watch?v=ox-8Y3EP5cA Steve Goodman - Go, Cubs, Go!]

}}

[[File:Cball-EU.png]] '''Europe''' {{Collapse|

}}

[[File:Markets.png]] [[Capitalism|The Free Market]]<br>

[[File:ML.png]] [[Marxism-Leninism|Commies]]

'''Chicago School''', also known as '''Chicagoan Libertarianism''', is a kind of libertarian, economically center right to far-right, and culturally centrist but sometimes left-leaning political ideology.

 

It is quite a simple ideology, it's [[File:Libertarian.png]] [[Libertarianism]] based on the thought of the Chicago School of Economics, which is a Neoclassical school of economics associated with the University of Chicago, mostly known for the Libertarian economist of second generation, and Nobel prize winner, Milton Friedman.

 

Within the precise ideas on economic believes, it is associated with the rejection of [[File:Keynes.png]] [[Keynesian School]] in favor of [[File:Monet.png]] [[Monetarism]] (which states that it's desirable to have a Monetary policy controlled by the government as long as it expands money supply consistent with GDP growth) until the mid-1970s when it turned to new classical macroeconomics strongly based on the concept of rational expectations. Specifically, [[File:NuKeynesPix.png]] [[Keynesian School|Neo-Keynesian]] economics was developed as a response to new classical economics and Friedman's critiques to Keynesianism, electing to incorporate the idea of rational expectations without giving up the traditional Keynesian focus on imperfect competition and sticky wages.

 

 

{{Flag-auto

 

==Relationships==

===Friends===

*[[File:Clib.png]] [[Classical Liberalism]] - My moderate Grandpa.

*[[File:Monet.png]] [[Monetarism]] - My forgotten son.

*[[File:Georgist.png]] [[Georgism]] - You're the least bad tax.

 

===Frenemies===

*[[File:Pinochet-hat.png]] [[Pinochetism]] - I've already said it but I'll say it again; I never advised Pinochet, I never endorsed Pinochet. (However, I'll admit that there was indeed quite a miracle in Chile's economy!)

*[[File:3way.png]] [[Third Way]] - Neolib, but too willing to compromise with Keynesians

 

===Enemies===

*[[File:Keynes.png]] [[Keynesian School]] - Way too statist, and he doesn't even know the basics of economics. <small>Your [[File:Newkeynes.png]] son is pretty cool though.</small>

*[[File:LibSocDemIcon.png]] {{PCBA|Libertarian Social Democracy}} - Don't tread on me, you filthy fake libertarian Keynesianism simp!

*[[File:ML.png]] [[Marxism–Leninism]] - Socialist and authoritarian. No. Just no.

 

==Further Information==

===Wikipedia===

*[[w:Permanent_income_hypothesis|Permanent income hypothesis]]

*[[w:Natural_rate_of_unemployment|Natural rate of unemployment]]

*[[w:Quantity_theory_of_money|Quantity theory of money]]

*[[w:Monetary-disequilibrium_theory|Monetary disequilibrium theory]]

 

===Literature===

*[http://pombo.free.fr/friedman2002.pdf Capitalism and Freedom] by [[File:Friedman.png]] [[Classical Liberalism|Milton Friedman]]

*[http://abdet.com.br/site/wp-content/uploads/2014/12/Optimum-Quantity-of-Money.pdf The Optimum Quantity of Money: And Other Essays] by [[File:Friedman.png]] [[Classical Liberalism|Milton Friedman]]

 

 

==Gallery==

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{{Navbox/Capitalists}}

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[[Category:Libertarian Right]]

[[Category:Libertarians]]