week 6 video guide - What was the Chicago School known for?...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
What was the “Chicago School” known for? How did its influence change over time? The Chicago School was known for their intensity of intellectual discussion at lunch and the intellectually charged environment. 8 professors and 11 economics won Nobel prizes. What was stagflation? What was President Richard Nixon’s policy response to stagflation? What were the political effects of this policy response? The economic effects? 1) Stagflation a) Rising inflation and unemployment 2) Richard Nixon’s policy response to stagflation a) Wage and food price control i) Nixon was re-elected in a landslide ii) Economy went out of whack (1) People couldn’t cover their cost (2) Shortages and price kept rising How and why did the move toward deregulation take place in the United States and Great Britain? Who were the key individuals in pushing the agenda? Where did deregulation in the United States begin? In the U.S. industry slowed and unemployment grows. The price of everything kept
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/26/2009 for the course INTB 3351 taught by Professor Priest during the Fall '08 term at University of Houston.

Page1 / 2

week 6 video guide - What was the Chicago School known for?...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online