Table of Contents

The Elgar Companion to the Chicago School of Economics

The Elgar Companion to the Chicago School of Economics

Elgar original reference

Edited by Ross B. Emmett

Many know the Chicago School of Economics and its association with Milton Friedman, George Stigler, Ronald Coase and Gary Becker. But few know the School’s history and the full scope of its scholarship. In this Companion, leading scholars examine its history and key figures, as well as provide surveys of the School’s contributions to central aspects of economics, including: price theory, monetary theory, labor and economic history. The volume examines the School’s traditions of applied welfare theory and law and economics while providing a glimpse into emerging research on Chicago’s role in the development of neoliberalism.

Chapter 5: Berthold Frank Hoselitz

David Mitch

Subjects: economics and finance, economic psychology, history of economic thought, methodology of economics


David Mitch* Bert Hoselitz (1913–95) was affiliated with the University of Chicago’s Department of Economics from 1945 until his retirement in 1978. In a University of Chicago (1963) press release he is described as ‘one of the world’s few “universal” social scientists’. He brought general social science and historical perspectives to bear on a broad range of topics including the economics of war and military occupation, long-run trends in urbanization, stage theories of economic growth and the role of entrepreneurship in economic development. He is especially known for his analysis of the role of cultural and sociological factors in explaining differences between underdeveloped and developed economies. His affiliation with the economics faculty underscores the broad range of social science perspectives that have been present in the intellectual milieu of the department. In the 1950s, Hoselitz was particularly influential in urging the value of an interdisciplinary but unified social science framework for addressing the problems of underdeveloped countries. He founded the Research Center in Economic Development and Cultural Change at Chicago in 1951 and continued as its director through 1974. As the Center’s director, he played a key role in the development of the journal Economic Development and Cultural Change, initially founded in 1952; he was editor between 1953 and 1985. Among other honors, he was a Fellow of the Center for Advanced Studies in the Behavioral Sciences in Palo Alto in 1955–56 and a Guggenheim Fellow in 1961–62. Hoselitz was born in Vienna in 1913 into a...

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