The University of Chicago recently announced that their two economic research centers—the Milton Friedman Institute for Research in Economics and the Becker Center on Chicago Price Theory—will be joining forces to create the bigger and better Becker Friedman Institute.
In the past the Becker Center has run programs teaching graduate students about the important place of markets and incentives when it comes to comprehending economic behavior. Meanwhile, the Milton Friedman Institute has been more of a research center, arranging conferences and bringing in visiting fellows. Now the institute and center will join forces to create a stronger entity, supported by both the University of Chicago Booth School of Business and the Law School.
The new institute’s major priorities will be: facilitating visits by renowned scholars; assisting young faculty and postdoctoral fellows with advanced professional training; and supporting “inquiry on price theory and on the interaction of economics, public policy and the law, historical strengths at Chicago.”
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