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English definition of “the Chicago School”

the Chicago School

noun [U]     ECONOMICS
used to refer to the beliefs of a group of economists at the University of Chicago, who believe that a free market (= an economic system based on supply and demand that is not controlled by government) is the best economic system: He attacks the free-market-is-everything theories of the "Chicago School" of economics.
(Definition of the Chicago School noun from the Cambridge Business English Dictionary © Cambridge University Press)
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