Chicago and LSE market advocates were rarely united and often opposed

Evidence

Although the market advocates at the LSE and the University of Chicago shared a skepticism about the accelerating government interventions of the time, their opinions were rarely united and often opposed. In London, Lionel Robbins and Friedrich Hayek initially espoused an extraordinarily constrained vision of the government’s ability to redress the economic crisis. Blaming the downturn primarily on a business cycle that had become overstimulated by government interference, they argued that further interventions would only repeat the same disastrous pattern. — Angus Burgin, The Great Persuasion, 45

Categorization

• XREF: Contradicts the popular image of a monolithic neoliberal ‘Chicago School’ — ties to the reader’s interest in the MPS milieu as internally divided. — connects to: Chicago and ordoliberal positions on monopoly were initially similar, not opposed — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1078; The Chicago and MIT finance groups were divided by methodology and by free-market politics — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 315; The LSE and Chicago economics departments formed a prewar axis of free-market allies — Angus Burgin, The Great Persuasion: Reinventing Free…, 87 (+2 more)

Broader Connections

• Chicago and ordoliberal positions on monopoly were initially similar, not opposed #contradicts (0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1078
• The LSE and Chicago economics departments formed a prewar axis of free-market allies #contradicts (0.82) — Angus Burgin, The Great Persuasion, 87
• The Chicago and MIT finance groups were divided by methodology and by free-market politics #expands (0.75) — Donald MacKenzie, An Engine, Not a Camera, 315