Offers a response to David Laidler’s article “More on Hawtrey, Harvard and Chicago”, in this issue. Asserts that the unique Chicagoan quantity‐theory of the early 1930s embodied a policy framework which left it immune from the Keynesian revolution and contained important linkages with Friedman’s views in its business‐cycle analysis and policy positions. Claims that this tradition explains why Chicago (and not Harvard) originated the monetarist counter‐revolution.
The Chicago School of Sociology heralded a new age: that of the rise and establishment of sociology as an academic discipline in the US. It also spurred on an intellectual…
The Chicago School of Sociology heralded a new age: that of the rise and establishment of sociology as an academic discipline in the US. It also spurred on an intellectual tradition in ethnography that focuses on a wide array of methodological tools and empirical data with a focus on the specificity of place that continues to live on in contemporary urban sociology. Yet, its traditions have also been extensively criticized. Burawoy (2000) is one preeminent scholar, who has denounced the Chicago School as being parochial, ahistorical, and decontextualized from the national and international processes that shape cities. Instead, he calls for a move toward “global ethnography,” one that focuses on “global processes, connections, and imaginations” (Burawoy et al., 2000). Increasingly, US urban sociologists study research sites that are located outside the US and pay attention to how global actors and/or transnational connections influence US dynamics. Given this trend, what, if any lessons can global and urban sociologists take away from the Chicago School? In this chapter, I highlight three such lessons: (1) the global is central to city life; (2) rooting our work in the specificities of place helps extend and build theory; and (3) the School still provides useful conceptual and methodological tools to study the global. In doing so, I argue that scholars should recognize the plurality of approaches to global ethnography and how each approach can further our understanding of how the global shapes social life.
The question of whether, and to what extent, Chicago price theory is Marshallian is a large one, with many aspects. The theory of individual behavior is one of these, and…
The question of whether, and to what extent, Chicago price theory is Marshallian is a large one, with many aspects. The theory of individual behavior is one of these, and the treatment of altruism, or, more generally, other-regarding behavior, falls within this domain. This chapter explores the analysis of other-regarding behavior in the work of Alfred Marshall and Gary Becker with a view to drawing out the similarities and differences in their respective approaches. What emerges is sense that we find in Becker’s work important commonalities with Marshall but also significant points of departure and that the line from Marshall to modern Chicago is neither as direct as it is sometimes portrayed, nor as faint as it is sometimes claimed by Chicago critics.
Chicago economists have pursued and applied the logic of price theory in any direction and as far it will go. This is their hallmark and their genius. The adoption of any…
Chicago economists have pursued and applied the logic of price theory in any direction and as far it will go. This is their hallmark and their genius. The adoption of any principle, however, implies the selection of a correlative opportunity cost, a rule as fundamental as any other in price theory. The opportunity cost consists, in part, of the alternative accounts of the operation of the economy and economic policy-making, and in part, the coherence, conditions, and limits of Chicago's doctrines of theory and policy.
What historical background Van Overtveldt offers, he primarily draws from interviews he personally conducted and memoirs of various Chicago economists, especially Milton…
What historical background Van Overtveldt offers, he primarily draws from interviews he personally conducted and memoirs of various Chicago economists, especially Milton Friedman. In the introduction, Van Overtveldt (2007, p. 15) sheds light on his methodology; he states that he based his historical analysis on three layers of sources: “The first layer includes the books, essays, monographs, and articles published in academic journals by Chicago and non-Chicago economists…The second layer consists of material that is available in the archives of the University of Chicago…and in the files of the Communications Department of the University of Chicago. The third layer [draws from]…the more than 100 interviews that were conducted from 1994 to 2003.” Regarding the third, Van Overtveldt has provided a valuable historical contribution by compiling such an extensive oral history. Of the three layers Van Overtveldt mentions, the second is relatively thin. In the endnotes, Van Overtveldt only cites, excluding newspaper citations, seven archival sources from either the Special Collections at the University of Chicago or the files in Chicago's Communications Department. Tellingly, in the endnotes, the ratio of interview citations to archival citations is roughly 120:7≅17:1.1 While adducing interviews per se is not problematic, information in an interview (or a memoir) needs to be checked against archival sources. Historian of economic thought, Bruce Caldwell (2007, pp. 348–349), cautions “[One should] take reminiscences with a grain of salt, and whenever possible to consult multiple archival sources.”2 If a reflection cannot be checked against archival sources, it should be used with guarded skepticism. Van Overtveldt, however, unquestioningly relies on interviews; in fact, a retrospective point made by Friedman sometimes trumps assertions, explicit and implicit, critical of Chicago economics and its history. Van Overtveldt (2007, p. 27) plays the Friedman trump card, for example, in the following context:[Crauford] Goodwin noted that by the end of the 1940s, prominent members of the business community backed economists who preached the advantages of free competition and capitalism and ‘were all associated with the University of Chicago.’ Friedman strongly denies the relevance of this Cold War argument and the implied patronage of economics – especially at the University of Chicago – by business interests in favor of capitalism and the free-market economy.
In recent years, the concept of subculture has been fiercely criticized, with some scholars even claiming that it is no longer relevant in a multi-cultural world…
In recent years, the concept of subculture has been fiercely criticized, with some scholars even claiming that it is no longer relevant in a multi-cultural world (Muggleton, 2000; Chaney, 2004; Stahl, 2004). However, the authors argue that by revisiting the Chicago School tradition and reconceptualizing subculture on the basis of acknowledging its limitations and its potential, subculture theory remains applicable in the context of contemporary China. Through an eight-month ethnographic study of a group of deviant students in a secondary school in urban China, the purpose of this paper is to contend that the subculture of these young people from lower-class backgrounds is a means to negotiate their space and power in a failing school system situated in a drastically transforming society full of diversified yet often conflicting values.
In this study, the authors undertook an ethnographic study to follow a group of deviant students for eight months, trying to understand their everyday lives and the process of their identity construction. The research was conducted in Xiamen, a coastal city located in the southeast part of mainland China. Unlike large metropolitan areas such as Beijing and Shanghai, where most studies have been conducted so far, Xiamen represents one of the medium-sized cities, which are the majority in China. After a process of sampling among 11 classes from five schools in different tiers, the authors chose one class in Grade 2 at a medium-level secondary school called “Central Park Secondary School” as a pseudonym. The authors stayed in the field for the main study and the authors also paid another visit to the school to follow up on students’ recent development.
In this study, a group of problem students identified with each other and shared the same problems and situations, and collectively formed a subcultural group, from within which they could challenge the authority of teachers and parents and negotiate power in the school; for example, reaching a truce with teachers so that they could have an easier time at school until they graduated. Their subculture and resistance may seem like a self-defeating practice, because what they learned at school and the qualifications they obtained could only assure them laboring jobs and reproduce their lower class status. However, this subculture offered an alternative way to safeguard their happiness and healthy development, which in this case is psychological well-being and better interpersonal skills.
This paper could provide the teachers and school administrators with a new perspective to look at some of their students’ poor performance and disruptive behaviors. With a deeper understanding of their “deviant” students, the teachers may develop more pertinent measures to help their students.
This paper argues that, through revisiting the Chicago School tradition and reconceptualizing subculture on the basis of acknowledging its limitations and potential, subculture theory remains applicable in the context of contemporary China.
Agriculture and related businesses in Ghana for the past decades have been the preserve for the smallholder, aged and illiterate farmers. Meanwhile, hundreds of students…
Agriculture and related businesses in Ghana for the past decades have been the preserve for the smallholder, aged and illiterate farmers. Meanwhile, hundreds of students graduate in Agricultural Sciences from the universities over the years. This study seeks to investigate potential determinants of the entrepreneurial spirit of agricultural students to do self-employed businesses in the agricultural sector. A survey of 165 undergraduate students of agriculture in the University of Cape Coast, Ghana was undertaken to examine factors that influence their decision to enter into agribusiness as a self-employment venture after graduation. The results show that the majority of the students were males (87%) and approximately, 67% were willing to enter into agribusiness after school. The factors that students perceived to be hindrance to entering into agribusiness was the market competition of agro-products with imported products, unstable prices of agro-products, absence of insurance policy for agribusiness and unfavourable land tenure arrangement in Ghana. Correlation analysis showed negative and significant relationship between students’ willingness to enter agribusiness as a self-employment venture and the following personal characteristics: (1) level of education of mother, (2) level of education of guardian other than parents, (3) students who live in farming communities and (4) students who undertake farming activities at home. There were also positive and significant relationships between students’ willingness to enter agribusiness and the following: (1) availability of market for agro-products, (2) accessibility of market for agro-products and (3) accessibility of transportation facilities for agribusiness. Regression analysis showed that (1) level of education of mother, (2) students living in farming communities, (3) accessibility of transportation facilities for agribusiness and (4) accessibility of market for agro-product were the factors that best predict undergraduate agricultural students’ willingness to enter into agribusiness as a self-employment venture after graduation. To motivate students to take agribusiness as self-employment after graduation, the study suggests the development of comprehensive and sustainable long-term policy to inspire and attract the youth into agribusiness; creation of conducive environment to minimise risk and constraints associated with agribusiness in Ghana.
Introduces the special issue to mark the 10th anniversary of Lauchlin Currie's death. Currie was an economist described as the intellectual leader of the spending wing of Roosevelt's New Deal.
Across the European Union there has been an increase in the number of programmes and initiatives aiming to promote small business and entrepreneurship. In line with this…
Across the European Union there has been an increase in the number of programmes and initiatives aiming to promote small business and entrepreneurship. In line with this general trend, enterprise creation and entrepreneurship are increasingly recognised as vital for French post‐industrial society, yet France is lagging behind Spain, the UK, Italy and the USA in terms of enterprise creation. This article discusses entrepreneurship education and the role of the Grandes Ecoles. Draws on primary research into student attitudes to entrepreneurs and entrepreneurship and concludes that both societal and educational aspects as well as the creation of entrepreneurial environment at a management school are key to promoting an entrepreneurial student population.