Frank Knight and the Chicago School in American Economics

Frank Knight and the Chicago School in American Economics

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Over the last twenty years, Ross B. Emmett has explored the work of Frank H. Knight, the philosopher of the Chicago School of economics. Knight occupies a paradoxical place in the history of Chicago economics: vital to the traditiona€™s teaching of price theory and the twentieth-century re-articulation of the defense of free enterprise and liberal democracy, yet a critic (in advance) of the empirical and methodological orientation that has characterized Chicago economics and the rest of the discipline in the post-war period, and skeptical of liberalisma€™s prospects. In the course of his investigation of Knighta€™s work, Emmett has written not only about Knighta€™s economics and philosophy, the nature of Chicago economics, and Knighta€™s place in the Chicago tradition, but also about the application of hermeneutic theory to the history of economics, the relation of the history of economic thought to the discipline of economics, and the relation between economics and religion. His eight-volume collection of primary-source material on The Chicago Tradition in Economics, 1892-1945 was published by Routledge in 2001.Most recently, in an essay published here for the first time, I asked if the Chicago School had implicitly rejected Knight. ... that question, although he also led me into a wider investigation of the discipline of economics, economic philosophy, and the history of Chicago economics. ... working on an essay for Anthony Watermana#39;sfestschrift (and undertaking my move from Alberta to Michigan State University).

Title:Frank Knight and the Chicago School in American Economics
Author: Ross B. Emmett
Publisher:Routledge - 2009-01-30

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