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Chicago School (B2)<br />A group of liberal US economists which first acquired its identity in the 1930s under the leadership of Frank KNIGHT, Jacob VINER and Henry C. SIMONS. Prominent in this group since 1950 have been Milton FRIEDMAN, George STIGLER, Ronald COASE, James BUCHANAN and Gary BECKER: they share an all-embracing belief in the power of MARKET FORCES to solve most economic problems and the desirability of minimizing the role of the state. They also believe that man is a rational agent constantly attempting to maximise his advantages. Recent crusades of the school have included its advocacy of a monetary policy based on rules, not discretion, and of unrestricted capitalism.<br /> <br /><em>Reference</em><br />Friedman, M. and Friedman, R.D. (1962) Capitalism and Freedom, Chicago: University of Chicago Press.<br /> Patin kin, D. (1981) Essay on and in the Chicago Tradition, Durham, NC: Duke University Press.<br /> Reder, M.W (1982) 'Chicago economics: permanence and change', Journal of Economic Literature 20: 1-38.<br /> Simon, H.C. (1948) Economic Policy for a Free Society, Chicago: Chicago University Press.<br /> Stigler, G.J. (ed.) (1988) Chicago Studies in Political Economy, Chicago: University of Chicago Press.
anthropogenic climate impact (QO)<br />A climate change brought about by humans, rather than by Nature.
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<strong>Refund</strong> – The difference between the amount the student paid toward school charges and the amount the school can retain under a refund policy. The federally mandated calculation is referred to as R2T4. (See also Return of Title IV funds.) Within CommonLine file specifications, refunds are requested by submitting the CTSF @1-11 transaction.
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