Fathers of Neoliberalism:
The Academic and Professional Performance of the Chicago School, 1960-1985
Lasse Folke Henriksen Leonard Seabrooke Kevin L Young Copenhagen Business School Copenhagen Business School University of Massachusetts Amherst
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Fathers of Neoliberalism: The Academic and Professional Performance of the Chicago School, 1960-1985 Lasse Folke Henriksen Leonard Seabrooke Kevin L Young Copenhagen Business Copenhagen Business University of School School Massachusetts
Lasse Folke Henriksen Leonard Seabrooke Kevin L Young Copenhagen Business School Copenhagen Business School University of Massachusetts Amherst
– E.g. Citations, external funding, placement etc.
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Figure 1: Milton Friedman’s Genealogical Forward Path in the RepEc Network
Figure 2. Number of students sampled per father and the number of reproductive years
Figure 3. Number of PhDs graduated and years of graduation
Figure 4. Mean cites per article for schools of thought and departments
Figure 5. Selected in-group citation measures for the two schools of thought
Figure 6. Proportion of published articles flagging funding.
Figure 7. Funding sources.
50 100 150
Chicago Harvard MIT
NSF Funding ($ thousands)
Figure 8: NSF Mean Grant Funding to Economists (in $ 1000), early 1970s-1985
50 100 150 1970s early 1980s 1970s early 1980s 1970s early 1980s
Chicago Harvard MIT
NSF Funding ($ thousands)
Figure 9: NSF Funding to Departments in the 1970s and early 1980s
Figure 11: Careers Paths from Universities to Sector
Figure 12: Careers Paths from Universities to Non-Academic Sectors
Figure 13: Careers Paths from Universities to Government Agencies
Figure 14: Careers Paths from Universities to Prestige of Employing Academic Institution
Figure 15: Network of Journal Acknowledgement Ties NL group in Blue and Charles River in Pink.
Figure 16: Transitivity and Reciprocity in Economists’ Acknowledgement Networks
Figure 10: Sector Distribution by University Over Time
Figure A1: Studies of Economics Department Prestige and Graduate Training Included in our Data and Their Timelines
1 2 3 4 5 per capita std. articles 50 100 150 200 total std articles 50 100 150 rank
Figure A2: Distribution of Prestige Among 152 US Economics Departments
Harvard Chicago Wisconsin Columbia California Stanford Yale Michigan John Hopkins MIT Princeton Berkeley UCLA Northwestern Minnesota Cornell Federal Reserve System Pennsylvania Vanderbilt Illinois Duke IMF CIT Purdue Michigan State Carnegie Tech NYU Texas Iowa State Brookings Pittsburgh U Virginia Syracuse New School Claremont LSE Penn State Brown Oxford Cambridge Washington St Louis Ohio State American Rochester
10 20 30 40 50 rank_1950s .2 .4 .6 .8 1 avgrank_1950s
Harvard Chicago MIT Berkeley Yale Stanford Princeton Carnegie Tech Wisconsin Columbia Minnesota Michigan John Hopkins UCLA Pennsylvania Northwestern Brown Rochester Duke Michigan State Purdue Penn State Claremont Cornell Vanderbilt U Virginia Illinois Federal Reserve System California NYU Texas Pittsburgh Washington St Louis Syracuse New School Iowa State Ohio State American CIT Brookings Oxford Cambridge IMF LSE
10 20 30 40 50 rank_1960s .2 .4 .6 .8 1 avgrank_1960s
Harvard Chicago MIT Princeton Wisconsin Stanford Yale Brown Pennsylvania Northwestern Rochester Carnegie Berkeley Minnesota Washington-Sttle Columbia UCLA Michigan North Carolina Cornell Purdue Johns Hopkins VPI Maryland Texas A&M Illinois Michigan State Rice NYU Virginia Indiana Duke Kansas Penn State SUNY-Buffalo UCSD Ohio State Vanderbilt Florida Massachusetts UCSB Florida State Washington-St.L. Iowa Rutgers Hawaii Southern Methodist Iowa State Wesleyan Claremont
10 20 30 40 50 ranker_early1970s .2 .4 .6 .8 1 avgrank_early1970s
Chicago MIT Rochester Carnegie Harvard Princeton Yale Columbia Stanford UCLA Minnesota Pennsylvania Northwestern Berkeley Cal Tech Washington-St.L. Brown Wisconsin Tulane Florida Massachusetts N.C. State North Carolina NYU Cornell Washington-Sttle Johns Hopkins Texas A&M Indiana Penn State Florida State Illinois VPI Iowa Ohio State Maryland Colorado-Boulder UCSB Michigan UCSD Virginia CUNY Missouri Rutgers UC Davis Duke Vanderbilt George Washington Hawaii Iowa State
10 20 30 40 50 ranker_late1970s .2 .4 .6 .8 1 avgrank_late1970s
Figure A3: Averaged Standardized Department Standing of 50 US Econ departments, 1950s-late 1970s
Figure A4: Pearson Correlation Matrix for Different Indicators of Economics Department Prestige and Graduate Training Caliber, for early 1970s period
Figure A5: Scatterplot of Departmental Prowess during the Early 1970s Period, with 3 K-clustered Areas
Figure A7. Hierarchical Clustering of US Economics Departments, Early 1970s
Figure A7. Hierarchical Clustering of US Economics Departments, Early 1970s
igure B1. Number of staff and PhD graduates at Harvard, MIT and Chicago
Chicago Harvard MIT Figure B2: Publication Venues 1960-1980, Represented as Frequency-Scaled Wordclouds MIT