ABSTRACT
This chapter is about Modigliani moving from the University of Chicago to the University of Illinois in 1948, and Howard Bowen’s reshaping of the Economics Department along the standard of postwar economics. The young economists who joined the department are indeed representative of the rapid generational and methodological change the discipline was facing. As discussed by Solberg and Tomilson, Bowen’s resignation, along with most of the economists he had called after a few years, showed how much academic jealousy turned ideological during the McCarthy anticommunist campaign. The chapter also deals briefly on how the American Economic Association reacted to McCarthyism and how it influenced the research agenda of economists and in particular of Modigliani.
