Could someone explain to me what the Chicago school of economics is?

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"With the first link, the chain is forged. The first speech censured, the first thought forbidden, the first freedom denied, chains us all irrevocably."
β€”Judge Aaron Satie
β€”β€”Carmen
it's a place in chicago you go to study $$$

 
 
 
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This is the way the world ends. Not with a bang but a whimper.
The Chicago School is a broad term encompassing various economists and 'camps' of thought, with the most prominent probably being Milton Friedman and orthodox monetarism which arose in challenge to Keynesianism during the 1970s. It was also home to people like Bob Lucas, considered the father of New Classical Macroeconomics, and Edward C. Prescott of Real Business Cycle fame. In reality, the distinctions between the schools have largely gone away since the 1990s, and the profession is for the most part no longer split up into opposing schools.

- Monetarism
- New Classical I; New Classical II
- Real Business Cycle

Woodford has a nice history of thought paper.