{"title":"3. Planting the Seeds of a Chicago Tradition","authors":"","doi":"10.1515/9780691184050-004","DOIUrl":"https://doi.org/10.1515/9780691184050-004","url":null,"abstract":"","PeriodicalId":371633,"journal":{"name":"Where Economics Went Wrong","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114625539","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"1. Sweet Science: Engineering a New Approach to Economic Policy","authors":"","doi":"10.1515/9780691184050-002","DOIUrl":"https://doi.org/10.1515/9780691184050-002","url":null,"abstract":"","PeriodicalId":371633,"journal":{"name":"Where Economics Went Wrong","volume":"5 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113986049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"4. Ashes and Diamonds: The Rise of the Chicago School","authors":"","doi":"10.1515/9780691184050-005","DOIUrl":"https://doi.org/10.1515/9780691184050-005","url":null,"abstract":"","PeriodicalId":371633,"journal":{"name":"Where Economics Went Wrong","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127470391","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"7. Roads Not Taken: The Stillborn Virginia School of Economics","authors":"","doi":"10.1515/9780691184050-008","DOIUrl":"https://doi.org/10.1515/9780691184050-008","url":null,"abstract":"","PeriodicalId":371633,"journal":{"name":"Where Economics Went Wrong","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115661281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Planting the Seeds of a Chicago Tradition","authors":"D. Colander, C. Freedman","doi":"10.23943/PRINCETON/9780691179209.003.0003","DOIUrl":"https://doi.org/10.23943/PRINCETON/9780691179209.003.0003","url":null,"abstract":"This chapter traces the beginning of economics at the University of Chicago to study the development of a Chicago tradition. The Chicago tradition begins with James Laughlin, the first chair and founder of the department in 1892. He put his stamp on Chicago economics in ways that would serve to nurture future generations but would also prove to be regrettable. Laughlin, during his sometimes-controversial career, placed himself well within the boundaries defining Classical Liberalism. He helped create the persistent, but at times quite misleading, appearance that identified the Chicago department as a virulent breeding ground of ultra-conservative thought, tarred by a predilection for ideologically tinged policy prescriptions. The chapter then looks at the Chicago School of Economics.","PeriodicalId":371633,"journal":{"name":"Where Economics Went Wrong","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128345317","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Classical Garden of Liberal Economics","authors":"D. Colander, C. Freedman","doi":"10.23943/princeton/9780691179209.003.0002","DOIUrl":"https://doi.org/10.23943/princeton/9780691179209.003.0002","url":null,"abstract":"This chapter discusses the Classical Liberal methodology. In the Classical Liberal method, formal theory was something to be conscious of, to be kept in the back of one's mind as difficult policy issues were confronted. However, it was secondary to educated common sense, and the method required one to be clear about the judgments one was making in applying a particular model and in deciding which assumptions were reasonable and which were not. Applied policy economics had to explicitly deal with all such issues, which meant that no firm policy conclusion followed from scientific theory. In policy, science played only a supporting role. However, in what would increasingly become associated with the neoclassical method, that would change, and scientific theory would occupy center stage within the realm of policy thinking.","PeriodicalId":371633,"journal":{"name":"Where Economics Went Wrong","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128784502","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Classical Liberal “Argumentation for the Sake of Heaven” Alternative","authors":"D. Colander, C. Freedman","doi":"10.23943/princeton/9780691179209.003.0008","DOIUrl":"https://doi.org/10.23943/princeton/9780691179209.003.0008","url":null,"abstract":"This chapter examines the method of “argumentation for the sake of heaven.” This method entails an honest exploration by economists focused on advancing understanding, not on winning debates. Argumentation for the sake of heaven can only occur if one recognizes that it is needed. Thus, implementing an argumentation for the sake of heaven methodology would require economists ascribing to opposing views on policy to willingly personally discuss the nuances of their policy differences. The mutually held goal of these debaters arguing for the sake of heaven would be to reduce differences. To the degree possible, the overriding objective would be to reach a consensus, or at least a specification of what type of evidence might persuade economists on both sides of the policy issue, to change their mind.","PeriodicalId":371633,"journal":{"name":"Where Economics Went Wrong","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127716722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ashes and Diamonds","authors":"D. Colander, C. Freedman","doi":"10.23943/PRINCETON/9780691179209.003.0004","DOIUrl":"https://doi.org/10.23943/PRINCETON/9780691179209.003.0004","url":null,"abstract":"This chapter examines the postwar Chicago School. Understanding the transformation that defined the Chicago School, and the way in which that transformation slots into broader changes within the profession, requires an accurate sense of the mood prevailing in the postwar era. Under the sway of the postwar methodological upheaval, economic policy strayed decisively from its Classical Liberal abode in moral philosophy. Instead, it eagerly attempted to forge a more desirable alliance with the newly refurbished and rigor-saturated realm of economic theory. Given the progress of mathematics, quantification, and the increasing application of statistical analysis, theories were now thought to be validated through careful econometric testing. This idea of adhering strictly to a scientific policy approach defined the emerging postwar generation of economists, especially those enrolled within the cadre of young academics. Under this modern dispensation, policy had been transformed into simply another occasion to practically apply precise scientific methods.","PeriodicalId":371633,"journal":{"name":"Where Economics Went Wrong","volume":"137 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124283334","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}