Chicago school of economics

The Chicago School of Economics is a school of thought that believes in using economic principles to solve economic problems. It is based on the idea that the free market should be allowed to work without interference from the government. It argues that economic problems should be solved by allowing people to make their own decisions, rather than having the government interfere. In its view, a good economic system should be open to competition and it should allow people to make as many decisions as possible. The Chicago School of Economics puts a strong emphasis on the use of data and evidence to make decisions, rather than relying on theories and speculation. They also believe that the government should only intervene if the free market doesn't work well, not to control prices or influence the markets.