{"id":1005,"date":"2010-01-06T11:28:39","date_gmt":"2010-01-06T17:28:39","guid":{"rendered":"https:\/\/www.mbamission.com\/blog\/2010\/01\/06\/the-new-yorker-the-chicago-school-reconsidered\/"},"modified":"2010-10-07T08:08:51","modified_gmt":"2010-10-07T14:08:51","slug":"the-new-yorker-the-chicago-school-reconsidered","status":"publish","type":"post","link":"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/","title":{"rendered":"The New Yorker: The Chicago School Reconsidered"},"content":{"rendered":"<p>In this week\u2019s New Yorker, Professors from Chicago Booth figure prominently in an article entitled \u201c<a href=\"http:\/\/www.newyorker.com\/reporting\/2010\/01\/11\/100111fa_fact_cassidy\" target=\"_blank\">After the Blowup<\/a>.\u201d The article profiles Richard Posner, a former Chicago School economist (the market is efficient and self-correcting) who repudiates his long held ideas in favor of Keynesian economics (government intervention moderates economic problems) and thus takes on Chicago Booth professor Eugene Fama, who pioneered the efficient market theory. As we read about economic theory, we also come to know some of the personalities at the school \u2013 professors Becker and Thaler \u2013 and gain a window into academia and human nature.\u00a0 Quite an interesting read&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this week\u2019s New Yorker, Professors from Chicago Booth figure prominently in an article entitled \u201cAfter the Blowup.\u201d The article profiles Richard Posner, a former Chicago School economist (the market is efficient and self-correcting) who repudiates his long held ideas in favor of Keynesian economics (government intervention moderates economic problems) and thus takes on Chicago &hellip; <a class=\"read-more\" href=\"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/\">Read&nbsp;More&nbsp;&nbsp;<i class=\"fal fa-sm fa-angle-right\"><\/i><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7,32],"tags":[],"class_list":["post-1005","post","type-post","status-publish","format-standard","hentry","category-news","category-chicago-booth"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The New Yorker: The Chicago School Reconsidered | mbaMission - MBA Admissions Consulting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The New Yorker: The Chicago School Reconsidered | mbaMission - MBA Admissions Consulting\" \/>\n<meta property=\"og:description\" content=\"In this week\u2019s New Yorker, Professors from Chicago Booth figure prominently in an article entitled \u201cAfter the Blowup.\u201d The article profiles Richard Posner, a former Chicago School economist (the market is efficient and self-correcting) who repudiates his long held ideas in favor of Keynesian economics (government intervention moderates economic problems) and thus takes on Chicago &hellip; Read&nbsp;More&nbsp;&nbsp;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/\" \/>\n<meta property=\"og:site_name\" content=\"mbaMission - MBA Admissions Consulting\" \/>\n<meta property=\"article:published_time\" content=\"2010-01-06T17:28:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2010-10-07T14:08:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mbamission.com\/blog\/wp-content\/uploads\/2026\/03\/mbam-yoast-fallback-image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jeremy Shinewald\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeremy Shinewald\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The New Yorker: The Chicago School Reconsidered | mbaMission - MBA Admissions Consulting","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/","og_locale":"en_US","og_type":"article","og_title":"The New Yorker: The Chicago School Reconsidered | mbaMission - MBA Admissions Consulting","og_description":"In this week\u2019s New Yorker, Professors from Chicago Booth figure prominently in an article entitled \u201cAfter the Blowup.\u201d The article profiles Richard Posner, a former Chicago School economist (the market is efficient and self-correcting) who repudiates his long held ideas in favor of Keynesian economics (government intervention moderates economic problems) and thus takes on Chicago &hellip; Read&nbsp;More&nbsp;&nbsp;","og_url":"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/","og_site_name":"mbaMission - MBA Admissions Consulting","article_published_time":"2010-01-06T17:28:39+00:00","article_modified_time":"2010-10-07T14:08:51+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/www.mbamission.com\/blog\/wp-content\/uploads\/2026\/03\/mbam-yoast-fallback-image.png","type":"image\/png"}],"author":"Jeremy Shinewald","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jeremy Shinewald","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["Article","BlogPosting"],"@id":"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/#article","isPartOf":{"@id":"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/"},"author":{"name":"Jeremy Shinewald","@id":"https:\/\/www.mbamission.com\/blog\/#\/schema\/person\/74216774a1761e746e2426c9c8171f5f"},"headline":"The New Yorker: The Chicago School Reconsidered","datePublished":"2010-01-06T17:28:39+00:00","dateModified":"2010-10-07T14:08:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/"},"wordCount":108,"commentCount":0,"publisher":{"@id":"https:\/\/www.mbamission.com\/blog\/#organization"},"articleSection":["News","University of Chicago (Booth)"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/","url":"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/","name":"The New Yorker: The Chicago School Reconsidered | mbaMission - MBA Admissions Consulting","isPartOf":{"@id":"https:\/\/www.mbamission.com\/blog\/#website"},"datePublished":"2010-01-06T17:28:39+00:00","dateModified":"2010-10-07T14:08:51+00:00","breadcrumb":{"@id":"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.mbamission.com\/blog\/the-new-yorker-the-chicago-school-reconsidered\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.mbamission.com\/blog\/"},{"@type":"ListItem","position":2,"name":"The New Yorker: The Chicago School Reconsidered"}]},{"@type":"WebSite","@id":"https:\/\/www.mbamission.com\/blog\/#website","url":"https:\/\/www.mbamission.com\/blog\/","name":"mbaMission - MBA Admissions Consulting","description":"World&#039;s Leading MBA Admissions Consulting Firm","publisher":{"@id":"https:\/\/www.mbamission.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mbamission.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.mbamission.com\/blog\/#organization","name":"mbaMission","url":"https:\/\/www.mbamission.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mbamission.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.mbamission.com\/blog\/wp-content\/uploads\/2026\/03\/mbam-yoast-organization-logo.png","contentUrl":"https:\/\/www.mbamission.com\/blog\/wp-content\/uploads\/2026\/03\/mbam-yoast-organization-logo.png","width":696,"height":696,"caption":"mbaMission"},"image":{"@id":"https:\/\/www.mbamission.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.mbamission.com\/blog\/#\/schema\/person\/74216774a1761e746e2426c9c8171f5f","name":"Jeremy Shinewald","description":"In addition to being Founder and President of mbaMission, Jeremy Shinewald is a Darden MBA, published author, and the recipient of Poets&amp;Quants\u2019 Lifetime Achievement Award in MBA Admissions Consulting. With more than 20 years of experience and a background as a professional speechwriter, he combines deep industry insight and exceptional storytelling skills to help applicants create powerful, distinctive MBA applications.","sameAs":["https:\/\/www.mbamission.com\/who-we-are\/team\/jeremy-shinewald\/","https:\/\/www.linkedin.com\/in\/jeremyshinewald\/"],"url":"https:\/\/www.mbamission.com\/blog\/author\/jeremy\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.mbamission.com\/blog\/wp-json\/wp\/v2\/posts\/1005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mbamission.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mbamission.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mbamission.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mbamission.com\/blog\/wp-json\/wp\/v2\/comments?post=1005"}],"version-history":[{"count":0,"href":"https:\/\/www.mbamission.com\/blog\/wp-json\/wp\/v2\/posts\/1005\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.mbamission.com\/blog\/wp-json\/wp\/v2\/media?parent=1005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mbamission.com\/blog\/wp-json\/wp\/v2\/categories?post=1005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mbamission.com\/blog\/wp-json\/wp\/v2\/tags?post=1005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}