Chicago School: Difference between revisions

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|title=[[File:Chilib.png]] '''Chicago School''' [[File:ChicagoSchool.png]]

|image=ChicagoLibertarian2.png

|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."

|aliases={{Collapse|

[[File:ChicagoLib.png]] Chicagoan Liberalism<br>

Chicagoan Libertarianism<br>

Proto-Neoliberalism<br>

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

[[File:Neoclassical.png]] Neo-Classical Economics<br>

[[File:Econbert.png]] Economic Libertarianism<br>

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

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

Friedmanomics ([[File:Friedman.png]] Friedmanism)<br>

Pinochet's Right-Hand (Accused)<br>

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

<s>[[File:ArmchairNeolib.png]] Armchair Neoliberalism</s>

}}

|alignments=

{{Info|Libertarian Right|LibRight}}<br>

[[File:Cultcenter.png|link=:Category:Cultural Center]] [[:Category:Cultural Center|{{Color|#8BC34A|'''Cultural'''}} {{Color|#9D22B2|'''Center'''}}]]<br>

{{Info|Capitalists}}<br>

{{Info|Liberals}}<br>

{{Info|Libertarians}}<br>

[[File:R-lib.png|Right-Liberalism (Disambiguation)]] [[Right-Liberalism (Disambiguation)|{{Color|#F5F5A9|'''Right-'''}}{{Color|#93DAF8|'''Wing'''}} {{Color|#006AA7|'''Liberals'''}}]]<br>

|influences=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">

[[File:Monet.png]] [[Monetarism]] (Initially)<br>

[[File:NuKeynesPix.png]] [[Keynesian School|Neo-Keynesianism]] (Later on)<br>

</div>

|sub=

[[File:Friedman.png]] '''Friedmanism''' {{Collapse|

*[[File:Anarchism, You Are Not.png]] Anti-Anarcho-Capitalism

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

*[[File:Anti-Isolationism.png]] Anti-Isolationism

*[[File:AntiRacism.png]] Anti-Racism

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

*[[File:Ecocap.png]] [[Eco-Capitalism]]<ref name=":0">

*https://www.nationalaffairs.com/publications/detail/the-conservative-roots-of-carbon-pricing

*https://web.archive.org/web/20131231213357/http://www.hoover.org/publications/hoover-digest/article/6459

*https://www.youtube.com/watch?v=0YGfwSvLkC0

</ref>

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

*[[File:Geolib.png]] [[Geolibertarianism]]

*[[File:Glibr.png]] [[Green Libertarianism]]<ref name=":0"/>

*[[File:Merit.png]] [[Meritocracy]]

*[[File:Nlibmin.png]] {{PCBA|Minarcho-Neoliberalism}}

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

*[[File:NarcLib.png]] {{PCBA|Narco-Liberalism}}

*[[File:Neoliberal-icon.png]] [[Neoliberalism]]

*[[File:Antiimp.png]] Non-Interventionism (Later on)

*'''Historically:'''

**[[File:Atlanticism.png]] [[Neoconservatism|Atlanticism]]

**[[File:Neobert.png]] [[Neo-Libertarianism]]

|school =

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

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

*[[File:Neoliberal-icon.png]] [[Neoliberalism]]

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

|regional =

[[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:Neoliberal-icon.png]] [[Neoliberalism]]

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

*'''Faction:'''

**[[File:Authcap.png]] [[Authoritarian Capitalism]]<ref>Some of the Chicago Boys, such as Álvaro Bardónand Sergio de Castro, even saw dictatorship as the ideal regime to ensure market neutrality. De Castro, who had a leadership role with the Chicago Boys, wrote that "a person's actual liberty can only be secured by an authoritarian regime that exercises violence by enforcing equal rules for all."</ref>

}}

|influenced=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">

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

[[File:Monet.png]] [[Monetarism]]<br>

[[File:Neoliberal-icon.png]] [[Neoliberalism]]<br>

[[File:Pinochet-hat.png]] [[Pinochetism]]<br>

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

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

[[File:Sowell.png]] [[Libertarian Conservatism|Sowellism]]

</div>

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

|song=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">

[https://www.youtube.com/watch?v=edpLqHYp4XY Sufjan Stevens - Chicago]<br>

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

</div>

|theorists=

[[File:PanAmer.png]] '''Americas''' {{Collapse|

*[[File:Trustbust.png]] Henry Simons (1899-1946) [[File:Cball-US.png]] {{PBW|USAball|USA}}

*[[File:Friedman.png]] [[Monetarism|Milton Friedman]] (1912-2006) [[File:Cball-US.png]] {{PBW|USAball|USA}}

*[[File:Monet.png]] [[Monetarism|Anna Schwartz]] (1915-2012) [[File:Cball-US.png]] {{PBW|USAball|USA}}

*[[File:Libertarian.png]] [[Libertarianism|James M. Buchanan]] (1919-2013) [[File:Cball-US.png]] {{PBW|USAball|USA}}

*[[File:Sowell.png]] [[Libertarian Conservatism|Thomas Sowell]] (1930-) [[File:Cball-US.png]] {{PBW|USAball|USA}}

*[[File:ChicagoSchool.png]] [[Capitalism|Gary Becker]] (1930-2014) [[File:Cball-US.png]] {{PBW|USAball|USA}}

*[[File:ChicagoSchool.png]] [[Capitalism|Richard Posner]] (1939-) [[File:Cball-US.png]] {{PBW|USAball|USA}}

*[[File:AnChilib.png]] [[Anarcho-Capitalism|David D. Friedman]] (1945-) [[File:Cball-US.png]] {{PBW|USAball|USA}}

*[[File:Monet.png]] [[Monetarism|Miguel Kast]] (1948-1983) [[File:Cball-Chile.png]] {{PBW|Chileball|Chile}}

*[[File:Fiscon.png]] [[Fiscal Conservatism|Hernán Büchi]] (1949-) [[File:Cball-Chile.png]] {{PBW|Chileball|Chile}}

*[[File:Conlib.png]] [[Conservative Liberalism|Brad Polumbo]] (1997-) [[File:Cball-US.png]] {{PBW|USAball|USA}}

}}

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

*[[File:ChicagoSchool.png]] [[Capitalism|Ronald Coase]] (1910-2013) [[File:Cball-UK.png]] {{PBW|UKball|UK}}

}}

|likes=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">

[[File:NuKeynesPix.png]] [[Keynesian School|New-Classical Economics]]<br>

[[File:LVT.png]] [[Georgism|The Least Bad Tax]]<br>

[[File:NIT.png]] Negative income tax<br>

✏ Pencils<br>

<s>[https://www.youtube.com/watch?v=C52TlPCVDio Illegal Immigration]</s><br>

</div>

|dislikes=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">

[[File:Soc-h.png]] [[Socialism|Socialists]]<br>

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

</div>

{{Quote|

quote="Underlying most arguments against the free market is a lack of belief in freedom itself."

|speaker=[[File:Friedman.png]] [[Monetarism|Milton Friedman]]

}}

'''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.

== Beliefs ==

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.

==History==

Chicagoan Libertarianism derives from the [[File:ChicagoSchool.png]] Chicago School of Economics, mainly under the teachings of Milton Friedman, albeit there were several other acclaimed economists before Friedman, commonly known as the "First Generation," of the Chicago School of Economics. The most notable of these economists being, but not limited to, Frank Knight, Henry Simons, Jacob Viner, Aaron Director and Theodore Schultz, among others. These men laid the groundworks for what would soon become an Economic Revolution.

==Personality and Behaviour==

==How to Draw==

Chicago School's balls design is a combination of the [[W:Flag of Chicago|Chicagoan]] and Gadsden flags.

#Draw a ball

#Color the ball white

#Add two horizontal stripes in the middle, leaving two small white bars at the top and bottom, and one large bar in the middle

#Draw two six-pointed red stars within the middle bar, on the left and right

#Between the stars, draw a black Gadsden snake

#Below the snake, in the lower white bar, draw some variation of the words ''"DON'T TREAD ON ME"''

#Draw the eyes

You're done!

|c1=Light Blue

|h1=#B3DDF2

|c2=Red

|h2=#FF0000

|c3=Black

|h3=#141414

|c4=White

|h4=#FFFFFF}}

==Relationships==

===Friends===

*[[File:Neoliberal-icon.png]] [[Neoliberalism]] - My best known son.

*[[File:Hayek.png]] [[Hayekism]] - My more radical nephew who wants to completely free the banking sector.

*[[File:Socliber.png]] [[Social Libertarianism]] - A bit too regulationist, but UBI is pretty cool.

*[[File:Libertarian.png]] [[Libertarianism]] - My father who's got almost the same beliefs as me.

*[[File:Paleolib.png]] [[Paleolibertarianism]] - My traditionalist sibling.

*[[File:Reactlib.png]] [[Reactionary Liberalism]] - My very old-school pal. LDP, Morsi and JAK are especially based.

*[[File:Pinochet-hat.png]] [[Pinochetism]] - I helped run your economy.

*[[File:Scientocracy Small.png]] [[Scientocracy]] - ''"The Chicago approach is to start out with essentially the same intuitions, you use them to form plausible conjectures, but because the world is a very complicated place, you recognize that your conjecture might be wrong."''<ref>https://www.youtube.com/watch?v=R0qzmgRozL0&t=1946</ref>

===Frenemies===

*[[File:Austrobert.png]] [[Austrian School]] - Good guy! Wish he liked my monetary policies and [[File:Empiricism.png]] empiricism more though.

*[[File:Plcn2.png]] [[Paleoconservatism]] - He used to be a cool guy back in the day, but now he's a protectionist that doesn't value free trade, and also ''way'' too statist. <s>And I think illegal immigration is nice.</s>

===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:Marketsoc.png]] [[Market Socialism]] - Socialists cannot have a fair market, your worker's council bureaucracy makes me want to puke and too much worker power make it uncompetitive. Not to mention many of you simp for [[File:Keynes.png]] this c*mmunist.

*[[File:Cybercom.png]] [[Cybercommunism]] - AI commie that wants to get rid of me.

*[[File:Nazi.png]] [[Nazism]] - They want to treat people differently before law, and killed several millions of people.

==Further Information==

===Wikipedia===

*[[w:Chicago school of economics|Chicago school of economics]] [[File:Chilib.png]]

*[[w:Milton_Friedman|Milton Friedman]] [[File:Friedman.png]]

*[[w:David_D._Friedman|David D. Friedman]] [[File:AnChilib.png]]

*[[w:Thomas_Sowell|Thomas Sowell]] [[File:Sowell.png]]

*[[w:Anna_Schwartz|Anna Schwartz]] [[File:Monet.png]]

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

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

*[[w:Negative_income_tax|Negative income tax]] [[File:NIT.png]]

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

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

*[[w:School_voucher|School voucher]]

===Literature===

*[https://archive.org/details/1934-simons-a-positive-program-for-laissez-faire-some-proposals-for-a-liberal-economic-policy/page/n1/mode/2up A Positive Program for Laissez-Faire] by Henry Calvert Simons

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

*[https://openlibrary.org/books/OL1717100M/A_program_for_monetary_stability A Program for Monetary Stability] 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]]

*[https://riosmauricio.com/wp-content/uploads/2020/07/Basic-Economics-5th-Edition-Thomas-Sowell.pdf Basic Economics] by [[File:Sowell.png]] [[Libertarian Conservatism|Thomas Sowell]] | [https://www.youtube.com/playlist?list=PL_Dvq7GcIFV3Fc6gW4y-Ca-Z7Z8y8_CrY Audiobook]

=== Articles ===

* [https://dannyduchamp.substack.com/p/5-problems-with-austrians 5 Problems With Austrians] by [[File:AnChilib.png]] [[Anarcho-Capitalism|Danny Duchamp]]

===YouTube===

====Channels====

*[https://www.youtube.com/user/FreeToChooseNetwork Free To Choose Network] [[File:ChicagoLib.png]]

====Videos====

*[https://www.youtube.com/watch?v=B4INgIQmICk Steelmanning and then "destroying" LIBERTARIANISM (Milton Friedman's Chicago School)] by [[File:EnlightenedCentrism.png]] [[Radical Centrism|PF Jung]]

*[https://www.youtube.com/watch?v=R0qzmgRozL0 Austrian vs. Chicago economics] by [[File:Reason.png]] [[Libertarianism|ReasonTV]]

===References===

<references/>

RandomRetard2137-9x9 Characters.png

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