The 'Chicago Price Theory' approach to economics has been credited with shedding light on many fundamental questions relating to traditional economics and renowned scholars including Milton Friedman, Frank Knight, George Stigler, Jacob Viner and others have each played a key role in the development of investigative techniques and methodologies. This comprehensive three-volume collection brings together the most important papers from leading economists published in the past 120 years covering a wide range of topics and issues. Along with an original introduction by the editors, this authoritative set will be of immense value to students, researchers, scholars and practitioners interested in 'Chicago Price Theory'.
Contents: Volume I Acknowledgements Introduction Steven G. Medema, J. Daniel Hammond and John D. Singleton PART I TEACHING AND DOING PRICE THEORY AT CHICAGO 1. Arthur I. Bloomfield (1992), 'On the Centenary of Jacob Viner's Birth: A Retrospective View of the Man and His Work' 2. Don Patinkin (1973), 'Frank Knight as Teacher' 3. George J. Stigler (1973), 'Frank Knight as Teacher' 4. David I. Fand (1999), 'Friedman's Price Theory: Economics 300 at the University of Chicago in 1947 - 1951' 5. Gary S. Becker (1999), 'Milton Friedman, 1921' 6. Harold Demsetz (1993), 'George J. Stigler: Midcentury Neoclassicalist with a Passion to Quantify' 7. Thomas Sowell (1993), 'A Student's Eye View of George Stigler' 8. Victor R. Fuchs (1994), 'Nobel Laureate: Gary S. Becker: Ideas About Facts' 9. Sherwin Rosen (1993), 'Risks and Rewards: Gary Becker's Contributions to Economics' 10. Melvin W. Reder (1982), 'Chicago Economics: Permanence and Change' PART II METHODOLOGY AND ECONOMIC SYSTEMS 11. Frank H. Knight ([1933] 1951), 'Social Economic Organization' 12. Frank Hyneman Knight ([1935] 1951), 'Statics and Dynamics' 13. Jacob Viner (1941), 'Marshall's Economics, in Relation to the Man and to His Times' 14. F.A. Hayek (1945), 'The Use of Knowledge in Society' 15. Milton Friedman (1953), 'The Methodology of Positive Economics' 16. Gary S. Becker (1976), 'The Economic Approach to Human Behavior' 17. George J. Stigler and Gary S. Becker (1977), 'De Gustibus Non Est Disputandum' PART III THE THEORY OF DEMAND AND CONSUMER BEHAVIOUR 18. Alfred Marshall ([1890] 1920), 'Gradations of Consumer Demand' 19. Frank H. Knight (1921), 'The Theory of Choice and of Exchange' 20. Jacob Viner (1925), 'The Utility Concept in Value Theory and its Critics' 21. Jacob Viner (1925), 'The Utility Concept in Value Theory and its Critics: II. The Volatility Concept in Welfare Economics' 22. Frank H. Knight (1925), 'Economic Psychology and the Value Problem' 23. Henry Schultz (1930), 'Development of the Demand Concept' 24. W. Allan Wallis and Milton Friedman (1942), 'The Empirical Derivation of Indifference Functions' 25. Milton Friedman and L.J. Savage (1948), 'The Utility Analysis of Choices Involving Risk' 26. Milton Friedman (1949), 'The Marshallian Demand Curve' 27. Milton Friedman and L.J. Savage (1952), 'The Expected-Utility Hypothesis and the Measurability of Utility' 28. Armen A. Alchian (1953), 'The Meaning of Utility Measurement' 29. Milton Friedman (1957), 'Consistency of the Permanent Income Hypothesis with Existing Evidence on the Relation between Consumption and Income: Budget Studies' 30. George J. Stigler (1961), 'The Economics of Information' 31. Zvi Griliches (1961), 'Hedonic Price Indexes for Automobiles: An Econometric Analysis of Quality Change' 32. Gary S. Becker (1962), 'Irrational Behavior and Economic Theory' 33. Lester G. Telser (1962), 'The Demand for Branded Goods as Estimated from Consumer Panal Data' 34. Margaret G. Reid (1963), 'Consumer Response to the Relative Price of Store versus Delivered Milk' 35. Gary S. Becker (1965), 'A Theory of the Allocation of Time' 36. Robert T. Michael and Gary S. Becker (1973), 'On the New Theory of Consumer Behavior' 37. Gary S. Becker (1974), 'A Theory of Social Interactions' 38. Sherwin Rosen (1974), 'Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition' 39. Gary S. Becker (1976), 'Altruism, Egoism, and Genetic Fitness: Economics and Sociobiology' Volume II Acknowledgements An introduction by the editors to all three volumes appears in Volume I PART I PRODUCTION, COSTS AND SUPPLY 1. F.H. Knight (1917), 'The Concept of Normal Price in Value and Distribution' 2. F.H. Knight (1921), 'Cost of Production and Price over Long and Short Periods' 3. J. Maurice Clark (1923), 'Different Costs for Different Purposes: An Illustrative Problem' 4. Frank H. Knight (1923), 'The Ethics of Competition' 5. Jacob Viner (1925), 'Objective Tests of Competitive Price Applied to the Ce
