A decision was made this summer to combine the Becker Center for Chicago Price Theory on Chicago Price Theory with Milton Friedman Institute for Research in Economics to form the Becker Friedman Institute (BFI). As stated by Gary Becker, University Professor in Economics, The essence is a focus on the power of economic thinking to explain important aspects of behavior in the real world, as demonstrated over the decades by many Chicago economists. Lars Peter Hansen, the David Rockefeller Distinguished Service Professor of Economics and Statistics and the founding director of the Friedman Institute states the BFI will be seeking to engage the public more to spark public conversation and inform policy debates.
Why are research centers important? Research centers, such as the BFI, or the Kilts Center for Marketing or the Center for Decision Research or any of the 10 Research Learning Centers at Chicago Booth support faculty research & scholarship. While you may think research centers are only important for faculty, as prospective students they are important to you too. Great research centers attract great faculty.
- Glenn Sykes