Austrian School of Economics: Revisionist History and Contemporary Theory

7. The Political Economy of the Chicago School: Libertarian or Jacobin?

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The founder of the Chicago School, Frank Knight, was an avowed egalitarian. Rousseau was his influence. Jacobins believed in mass democracy and politics as the only way to implement their ideas. They hated aristocrats and religious leaders. Knight believed in progressive taxation. He wanted neocon social democracy. 
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Austrian School of Economics: Revisionist History and Contemporary TheoryBy Joseph T. Salerno
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