Chicago economists led opposition to the New Deal and Keynesian doctrine

Evidence

Chicago economists had developed a reputation as leading opponents of the economic policies associated with the New Deal. Several of them were highly critical of institutionalism, a methodology that relied on precisely the modes of inductive reasoning that Robbins had denounced. After Keynes published his General Theory, some of the sharpest criticism of his ideas emanated from their department. — Angus Burgin, The Great Persuasion, 88

Categorization

• XREF: connects to: The New Deal did not alter the structure of the American economy; The Chicago faculty instilled price-system conservatism into its graduate students — Angus Burgin, The Great Persuasion: Reinventing Free…, 89; Chicago economists deny the crisis falsified their core theories — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 718 (+6 more)

Broader Connections

• Chicago economists deny the crisis falsified their core theories #expands (0.85) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 718
• Chicago economists in 1937 saw Keynes as a fascist threat. #expands (0.80) — Angus Burgin, The Great Persuasion, 161