What is it about the University of Chicago that begets its acceptance of the basic parameters of the State? Why is it never radical? The answer is its devotion to “positive” economics, which includes a failed attempt to be “value-free.”
Murray Rothbard nailed Milton Friedman in 1971 here.
Nothing has changed in the milieu and mindset of the entirely new generation of Chicago economists and finance people in the business school, a separate but allied bunch. Chicago-influenced professors are the same.
This is shown in this new book.
Several Chicagoans are in the author list. They still maintain support of the Fed and want it to house a systemic risk regulator. They still want to patch up the existing system.
Chicago, Harvard, and MIT are one family.
