chapter  20
The Folklore of the Market: An Inquiry into the Economic Doctrines of the Chicago School
Pages 37

According to a recent statement by Milton Friedman (1974, p. l l) :

. . . in discussions of economic policy, 'Chicago' stands for belief in the efficacy of the free market as a means of organizing resources, for scepticism about government intervention into economic affairs, and for emphasis on the quantity of money as a key factor in producing inflation . . .