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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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N 41.789166666667 ° E -87.595555555556 °
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The University of Chicago

South Ellis Avenue 5801
60637 Chicago
Illinois, United States
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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.

Midway Plaisance
Midway Plaisance

The Midway Plaisance, known locally as the Midway, is a public park on the South Side of Chicago, Illinois. It is one mile long by 220 yards wide and extends along 59th and 60th streets, joining Washington Park at its west end and Jackson Park at its east end. It divides the Hyde Park community area to the north from the Woodlawn community area to the south. Near Lake Michigan, the Midway is about 6 miles (10 km) south of the downtown "Loop". The University of Chicago had been established just north of the park, and university buildings now front the Midway to the south, as well. Intended as part of the Chicago boulevard system, the park came to prominence when the Midway was laid out to host popular amusements at the World's Columbian Exposition in 1893, which hosted the world's first Ferris Wheel, later lending its name, "midway", to areas at county and state fairs and amusement parks with sideshows. The park is also featured as one of the main settings in the book The Devil in the White City written by Erik Larson. Landscaped with long vistas and avenues of trees at the start of the 20th century, the Midway in part followed the vision of its designer Frederick Law Olmsted, one of the creators of New York City's Central Park, but without his proposed feature of a Venetian canal down the Midway's center linking the lagoon systems of Jackson and Washington parks. Instead, the Midway is landscaped with a fosse, lawn covered depression, where the canal would have been, although in the winter parts of the grounds are turned over for ice skating. The Midway Plaisance has a variety of different elements for visitors to explore, including lakes, trails, bridges, and fields. Today, the park hosts many different programs, including: concerts, ice skating lessons, movie nights, and many other events.