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the Chicago Schoolnoun [U]

uk   us   ECONOMICS
used to refer to the beliefs of a ​group of ​economists at the University of Chicago, who believe that a freemarket (= an ​economicsystembased on ​supply and ​demand that is not ​controlled by ​government) is the best ​economicsystem: 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)
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