University of Chicago
UniversityPrivate nondenominational coeducational
| University of Chicago link () Website | |
|---|---|
| File:University of Chicago shield.png | |
| Motto | Crescat scientia, vita excolatur (Latin) |
| Formation | 1890 |
| Founder | John D. Rockefeller |
| Headquarters | Chicago, USA |
| Type | Private nondenominational coeducational |
| Subgroups | University of Chicago/Law School |
| Sponsor of | Obama Foundation |
| Other name | Maroons |
| One of the most important private universities in the USA | |
Not to be confused with University of Illinois at Chicago
The University of Chicago is a private university in Illinois, the United States. It was established at the end of the 19th century and is considered one of the most important private universities founded in the USA during this period.[By whom?]Template:Cn Its scholars have played a major role in the development of many academic disciplines, including economics, law, literary criticism, mathematics, physics, religion, sociology, and political science.
The Chicago Boys
The so-called Chicago school of economic thought, led by Milton Friedman and Robert Lucas, emerged from the university's economics department. Their neoclassical theory was one of the most important of the second half of the 20th century.
The Chicago Boys were a group of Chilean economists. They studied from 1956 to 1970 mostly at the University of Chicago and were inspired by the ideas of Friedrich August von Hayek and Milton Friedman. They became very influential in economic and socio-political terms in Chile after th CIA-backed 1973 Chilean coup d'état brought Augusto Pinochet to power. These economists sought to prove the superiority of "free markets", privatization and "deregulation". Because of the political conditions in the dictatorship, they were initially able to push through their far-reaching reform ideas without any major compromises. In the 1980s and 1990s, economists educated in Chicago (and increasingly at Ivy League faculties such as Harvard or MIT) were able to gain influence in several other Latin American countries with authoritarian governments modeled on Chile.
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