Milton Friedman Institute for Research in Economics
March 14, 2024
Between 2008 and 2011, the Milton Friedman Institute for Research in Economics was an academic center established at the University of Chicago as a collaborative, cross-disciplinary site for research in economics.
The Institute aimed to advance, refine, and share research that applied the tools of economic analysis to real-world issues. The institute was named in honor of former Chicago economics professor, Milton Friedman, who is widely recognized for his many enduring contributions to economic analysis. The institute was a collaboration of the University of Chicago Booth School of Business, Department of Economics, and Law School and fostered inquiry across a wide range of topics and subfields. The institute aimed to advance and preserve the unique University of Chicago economic tradition of combining theory and data in rigorous analysis–an approach exemplified by Friedman and others.
The Institute hosted visiting scholars working in subfields of economics, business, law, and related fields such as public policy and medicine. It hosted workshops, seminars, and lectures on fundamental questions across these fields. The Institute also supported advanced professional training for post-doctoral students, as well as expanded opportunities for University of Chicago graduate students. When announcing the creation of the institute in 2008, University President Robert J. Zimmer said its goal was to create "a primary intellectual destination for economics by creating a robust forum for engagement of our faculty and students with scholars and policymakers from around the world.”[1] The university had initially planned to invest $200 million in the institute, with half of that in the form of an operating endowment; though the majority of funds were to be raised through donations.
The institute was an object of intense controversy at the university, as many faculty objected both to its objectives as originally framed and to the naming of an institute after Friedman, who was viewed as "polarizing".[citation needed][why?] The announcement of the institute drew a response from more than 170 of the faculty at the university, who argued that to found such an institute would constitute "a symbolic endorsement of his views by the University" and that the proposal reflected "a very narrow research scope even within the field of economics, not to speak of the complete disregard for other disciplines involved in the study of 'economy and society'".[2]
milton, friedman, institute, research, economics, between, 2008, 2011, academic, center, established, university, chicago, collaborative, cross, disciplinary, site, research, economics, institute, aimed, advance, refine, share, research, that, applied, tools, . Between 2008 and 2011 the Milton Friedman Institute for Research in Economics was an academic center established at the University of Chicago as a collaborative cross disciplinary site for research in economics The Institute aimed to advance refine and share research that applied the tools of economic analysis to real world issues The institute was named in honor of former Chicago economics professor Milton Friedman who is widely recognized for his many enduring contributions to economic analysis The institute was a collaboration of the University of Chicago Booth School of Business Department of Economics and Law School and fostered inquiry across a wide range of topics and subfields The institute aimed to advance and preserve the unique University of Chicago economic tradition of combining theory and data in rigorous analysis an approach exemplified by Friedman and others The Institute hosted visiting scholars working in subfields of economics business law and related fields such as public policy and medicine It hosted workshops seminars and lectures on fundamental questions across these fields The Institute also supported advanced professional training for post doctoral students as well as expanded opportunities for University of Chicago graduate students When announcing the creation of the institute in 2008 University President Robert J Zimmer said its goal was to create a primary intellectual destination for economics by creating a robust forum for engagement of our faculty and students with scholars and policymakers from around the world 1 The university had initially planned to invest 200 million in the institute with half of that in the form of an operating endowment though the majority of funds were to be raised through donations The institute was an object of intense controversy at the university as many faculty objected both to its objectives as originally framed and to the naming of an institute after Friedman who was viewed as polarizing citation needed why The announcement of the institute drew a response from more than 170 of the faculty at the university who argued that to found such an institute would constitute a symbolic endorsement of his views by the University and that the proposal reflected a very narrow research scope even within the field of economics not to speak of the complete disregard for other disciplines involved in the study of economy and society 2 In June 2011 the institute and the Becker Center on Chicago Price Theory were joined to form the new Becker Friedman Institute for Research in Economics 3 See also editChicago BoysReferences edit University of Chicago economists to focus their pioneering research in new institute honoring the memory of Milton Friedman May 15 2008 Archived copy Archived from the original on 2011 08 07 Retrieved 2011 06 18 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link Becker Friedman Institute established at University of Chicago June 17 2011 External links editBecker Friedman Institute for Research in Economics at the University of Chicago Committee on Open Research in Economy and Society Group opposing the Institute s founding CORES at UChicago updated site of opposed faculty Rifts develop within MFI committee News article about rifts within the committee 41 47 23 5 N 87 35 50 0 W 41 789861 N 87 597222 W 41 789861 87 597222 Retrieved from https en wikipedia org w index php title Milton Friedman Institute for Research in Economics amp oldid 1140688945, wikipedia, wiki, book, books, library,
