Meaning of “the Chicago School” in the English Dictionary


"the Chicago School" in Business English

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the Chicago Schoolnoun [ U ]


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” from the Cambridge Business English Dictionary © Cambridge University Press)