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University of Chicago Booth School of Business

1898 establishments in IllinoisBooth School of BusinessBusiness schools in IllinoisRafael Viñoly buildingsSchools of the University of Chicago
Universities and colleges established in 1898
Harper Center by Matthew Bisanz
Harper Center by Matthew Bisanz

The University of Chicago Booth School of Business (branded as Chicago Booth) is the graduate business school of the University of Chicago, a private research university in Chicago, Illinois. Founded in 1898, Chicago Booth is the second-oldest business school in the U.S. and is associated with 10 Nobel laureates in the Economic Sciences, more than any other business school in the world. The school has the third-largest endowment of any business school.Notable Chicago Booth alumni include James O. McKinsey, founder of McKinsey & Company; Susan Wagner, co-founder of Blackrock; Eric Kriss, co-founder of Bain Capital; Satya Nadella, current CEO of Microsoft; and other current and former CEOs of Fortune 500 companies such as Allstate Insurance, Booz Allen Hamilton, Cargill, Chevron, Credit Suisse, Dominos, Goldman Sachs, IBM, Morgan Stanley, Morningstar, PIMCO, and Reckitt Benckiser.

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University of Chicago Booth School of Business
South Ellis Avenue, Chicago

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The University of Chicago

South Ellis Avenue 5801
60637 Chicago
Illinois, United States
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Harper Center by Matthew Bisanz
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Consortium on Financial Systems and Poverty

The Consortium on Financial Systems and Poverty Archived 2011-07-25 at the Wayback Machine (CFSP) is a private economic research consortium dedicated to studying the interaction of financial systems and poverty, using a variety of economic approaches in a range of developing countries. The CFSP was established in 2009 by a grant to the University of Chicago from the Bill and Melinda Gates Foundation, with Robert M. Townsend (MIT) as Principal Investigator, and economists Juliano Assuncao (PUC-Rio), Abhijit Banerjee (MIT), Francisco Buera (UCLA), Douglas Diamond (Booth School of Business), Weerachart Kilenthong (University of the Thai Chamber of Commerce), Gabriel de Abreu Madeira (University of São Paulo), Roberto Rigobon (MIT Sloan School of Management), Kenneth Singleton (Stanford), Tavneet Suri (MIT), Christopher Udry (Northwestern University), Christopher Woodruff (UCSD) as members.The CFSP shares members with several other organizations that work in development economics, including the Abdul Latif Jameel Poverty Action Lab, the Financial Access Initiative, and Innovations for Poverty Action. In contrast to these organizations, however, which tend to focus on rigorous randomized evaluations to generate policy recommendations, the CFSP attempts to connect traditional approaches in developmental economics to a wider range of approaches and models, including general equilibrium models applied to both macro and regional financial systems.

Milton Friedman Institute for Research in Economics

Between 2008 and 2011, the Milton Friedman Institute for Research in Economics was an academic center established at the University of Chicago as a collaborative, cross-disciplinary site for research in economics. The Institute aimed to advance, refine, and share research that applied the tools of economic analysis to real-world issues. The institute was named in honor of former Chicago economics professor, Milton Friedman, who is widely recognized for his many enduring contributions to economic analysis. The institute was a collaboration of the University of Chicago Booth School of Business, Department of Economics, and Law School and fostered inquiry across a wide range of topics and subfields. The institute aimed to advance and preserve the unique University of Chicago economic tradition of combining theory and data in rigorous analysis–an approach exemplified by Friedman and others. The Institute hosted visiting scholars working in subfields of economics, business, law, and related fields such as public policy and medicine. It hosted workshops, seminars, and lectures on fundamental questions across these fields. The Institute also supported advanced professional training for post-doctoral students, as well as expanded opportunities for University of Chicago graduate students. When announcing the creation of the institute in 2008, University President Robert J. Zimmer said its goal was to create "a primary intellectual destination for economics by creating a robust forum for engagement of our faculty and students with scholars and policymakers from around the world.” The university had initially planned to invest $200 million in the institute, with half of that in the form of an operating endowment; though the majority of funds were to be raised through donations. The institute was an object of intense controversy at the university, as many faculty objected both to its objectives as originally framed and to the naming of an institute after Friedman, who was viewed as "polarizing". The announcement of the institute drew a response from more than 170 of the faculty at the university, who argued that to found such an institute would constitute "a symbolic endorsement of his views by the University" and that the proposal reflected "a very narrow research scope even within the field of economics, not to speak of the complete disregard for other disciplines involved in the study of 'economy and society'".In June 2011, the institute and the Becker Center on Chicago Price Theory were joined to form the new Becker Friedman Institute for Research in Economics.

Becker Friedman Institute for Research in Economics
Becker Friedman Institute for Research in Economics

The Gary Becker Milton Friedman Institute for Research in Economics is a collaborative, cross-disciplinary center for research in economics. The institute was established at the University of Chicago in June 2011. It brought together the activities of two formerly independent economic research centers at the university: the Milton Friedman Institute for Research in Economics and the Becker Center on Chicago Price Theory, founded by Richard O. Ryan.The institute is named for two globally influential economists: Gary S. Becker (1930–2014) and his mentor, Milton Friedman (1912-2006), both winners of the Nobel Memorial Prize in Economic Sciences. While they pursued different scholarly paths, Becker and Friedman shared a fundamental belief that economics, grounded in empirical research, is a powerful tool to understand human behavior. While Friedman is known for his lasting contributions to macroeconomics and monetary economics, Becker is recognized for extending microeconomic analysis to a wide range of fields and topics such as marriage, the family, criminal behavior, and racial discrimination.A collaboration of the University of Chicago Booth School of Business, Law School, Department of Economics, and the Harris School of Public Policy, the institute builds bridges across disciplines and subfields of economics. Its research conferences, workshops, and initiatives bring economists and scholars from related fields together to share perspectives and refine ideas. The institute also sponsors an active visiting scholars program and offers programs and support for students and promising young researchers. The institute supports research initiatives in traditional Chicago strengths such as price theory, law and economics, and human capital, as well as topical inquiries into important policy issues such as fiscal imbalance, systemic risk, policy uncertainty, and economics of the family, and newer areas like field experiments in economics. The institute is directed by Michael Greenstone. An Institute Research Council of distinguished faculty from collaborating university units advises the institute.

Seminary Co-op
Seminary Co-op

Seminary Cooperative Bookstores, Inc., founded in 1961, is a not-for-profit bookstore with two branches in Chicago. Its flagship, known colloquially as the Seminary Co-op or simply the Sem Co-op, is located at 5751 S. Woodlawn Avenue. Prior to October 2012, it was located a block away in the basement of the Chicago Theological Seminary, next to the campus of the University of Chicago, and stocked the largest selection of academic volumes in the United States throughout an extensive maze of shelves.The Co-op also operates 57th Street Books, also in the Hyde Park neighborhood, which houses a carefully curated collection of general interest titles, including kids' books, science fiction, mysteries and cookbooks. The Co-op's reputation was so great that Columbia University invited manager Jack Cella to either open a branch in New York City or leave and open a new store there. Until the university gained its own neighborhood academic bookstore in the late 1990s, many Columbia scholars ordered books from the Co-op. Currently, the Co-op has over 53,000 members, 3,500 of whom are located overseas. The following countries have at least 100 members: Japan, the United Kingdom, Germany, Canada, and Australia. The following countries have at least 50 members: Taiwan, Spain, the Netherlands, Italy, Israel, Hong Kong, France, Brazil, and Korea. Other nations with significant membership include Sweden, Switzerland, Norway, Ireland, India, and Argentina. In September 2008, the Co-op launched The Front Table, a web magazine for book lovers and Co-op members. Barack Obama's patronage of the bookstore garnered attention in the wake of his election.In 2017 the Co-op announced that on April 1, 2017 it would take back the shares of "inactive members" who had not purchased anything in 2 years, unless they contacted the store and requested otherwise. In addition, the Co-op no longer requires the purchase of stock to become a member and receive 10% of monthly purchases in store credit.In 2019, the Seminary Co-op Bookstores, Inc. became the country’s first not-for-profit bookstores whose mission is bookselling. As the stores' director Jeff Deutsch writes in his letter about the change, "Establishing the store as a not-for-profit (as opposed to its current status as a strict retail operation) also acknowledges the financial realities of our business model, which privileges cultural value over financial dividends. Our new structure codifies this mission, allowing us to invest in the browsing experience rather than overly concern ourselves with the vagaries of the market at a given moment."