Chicago school (economics)

In economics, the Chicago school is generally associated with a philosophy of neoclassical price theory and free market libertarianism.

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In the News

Decision Makers May Be Blind To The Outcome Of Their Choice
When evaluating facial attractiveness, participants may fail to notice a radical change to the outcome of their choice, according to a study by researchers at Lund University, Sweden, and New York University. Equally surprising, the study shows that participants may produce confabulatory reports when asked to describe the reasons behind their choices. The findings appear in the October 7 issue of Science.

Duke Researchers Uncover Genetic Link To Kidney Damage After Heart Sur
Specific variants of genes involved in inflammation and blood vessel constriction are strongly associated with kidney damage in patients undergoing major heart surgery, researchers at Duke University Medical Center have found.

BioBasics: Biomining
Background information about biomining, which is "the use of microorganisms to extract metals and minerals from ores in the mining process."Discusses bioleaching (used to extract copper) and biooxidation (mainly used in gold mining), and specific research and applications of biomining. Includes a brief bibliography. From the Government of Canada.

Researchers Develop Selective Sensors Based On Carbon Nanotubes
A team of researchers from Arizona State University and Motorola Labs has developed sensors based on carbon nanotubes, microscopically small structures that posses excellent electronic properties. In early tests, the new devices detected the presence of heavy metal ions in water down to parts per trillion levels.

Greenhouse Gases Likely Drove Near-record U.S. Warmth In 2006
Greenhouse gases likely accounted for over half of the widespread warmth across the continental United States in 2006, according to a new study. Last year's average temperature was the second highest since recordkeeping began in 1895. The team found that it was very unlikely that the 2006 El Niņo played any role, though other natural factors likely contributed to the near-record warmth.

White Blood Cell 'Waste Disposal' System Plays Critical Regulatory Rol
A new research study identifies a critical inhibitory step that is a key component of the feedback circuit regulating the balance between neutrophil production and destruction. The research, published in the March issue of Immunity, suggests that the process for disposal of dying neutrophils is actively linked to neutrophil production.

[Ironic] Professional beggars prowling about the streets of Moroccan c
The government plans to crack down on the scam used by faux beggars in growing numbers for a kind of "emotional blackmail", a cabinet minister was quoted as saying...

Even Mild Depression Increases Long-Term Mortality In Heart Failure
Duke University Medical Center researchers have found a strong association between depression and a higher long-term risk of death for patients with chronic heart failure.

Adult Neurogenesis Newly Adult-born Neurons Are Functionally Similar T
Adult neurogenesis in the hippocampus generates neurons with striking functional similarity to neurons born during development, indicating that adult-born neurons incorporate normally into hippocampal circuits.

GAO: Aviation Security: Federal Air Marshal Service Could Benefit From
This November 2005 report from the Government Accountability Office (GAO) recommends practices for the management of the Federal Air Marshal Service (FAMS), which has "undergone a number of changes in recent years, including a 2003 transfer from the Transportation Security Administration (TSA) to the U.S. Immigration and Customs Enforcement (ICE), and a 2005 transfer from ICE back to TSA."Discusses training efforts, career opportunities, internal controls, and related topics. Opens directly into a PDF file.


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