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Milton Friedman and the Making of Our Times (w/ Jennifer Burns)

Know Your Enemy

NOTE

Establishment of Law and Economics Movement at University of Chicago

The Director, tasked with writing a popular book, fails to produce but is supported by Hayek. Instead of a book, the funders underwrite the training of economics at the University of Chicago Law School. This funding establishes a strong foundation for the law and economics movement at the University of Chicago, with the support and involvement of influential figures like Friedman, Hayek, Alan Wallace, and George Stigler. This movement focuses on developing the case for capitalism in response to the growth of the state and New Deal institutions in the 20th century.

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