A lecture series on the people and ideas that have animated economics at UChicago.

The Center for Economic Policy, together with Thomas Coleman from Harris Public Policy and Allen Sanderson from the University of Chicago Griffin Department of Economics, is hosting a quarterly series of lectures about the people and ideas that have animated economics at Chicago and in the world more widely. The series kicks off in 2019.

Upcoming Events

April 26, 2019, 12:30 in Keller 0001

Come join the Center for Economic Policy as Professors Coleman and Sanderson discuss the History of Chicago Economics. Our spring lecture focuses on Gary Becker and the origins of human capital and the important role it plays in economics and policy. Plus topics from Chicago's tradition of applied price theory: deadweight loss & Harberger's triangle; H. Gregg Lewis & union wage premiums. RSVP link: https://uchicago.presence.io/form/a-history-of-chicago-economics-spring-2019-applied-price-theory-human-capital

Past Lectures

February 14, 2019

Price Theory (Sanderson) and Milton Friedman's Monetary History (Coleman)

Coleman

"How Friedman & Schwartz Saved the World in 2008" is Thomas Coleman's presentation on Milton Friedman and Anna Schwartz's Monetary History of the United States, and how their analysis of the Great Depression of the 1930s educated the Fed about how to manage the 2008 financial crisis. (Click here for slides only.)

Sanderson

Book covers covering Becker's contributions; price theory ideas from literature.

Vignettes

"Milton Friedman, Anna Schwartz, and A Monetary History of the US" (Coleman) is a short discussion of monetary history as it unfolded in three US banking crises: 1907-08, the 1930s, and 2008

"The Natural Rate of Unemployment" (Coleman) discusses Milton Friedman's ideas around the natural rate of unemployment: the fact that there is no inflation - unemployment trade-off

"Permanent Income" (Coleman) discusses Milton Friedman's book Theory of the Consumption Function and ideas around the permanent income hypothesis and the marginal propensity to consume.

"Human Capital" (Coleman) discusses some of the history and concepts of human capital, and particularly Gary Becker's contributions.