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U of C Committed to Milton Friedman Institute

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The University of Chicago says it’s committed to going forward with an institute named after a controversial economist, the late Milton Friedman. The university held a meeting with faculty members Wednesday. Some criticized the naming of the institute after Friedman, who championed strict, free-market ideals. But university spokesperson Julie Peterson says the institute is not attached to that idealogy.

PETERSON: It has always been intended as a place to foster the most distinguished economic scholarship and that’s what the University of Chicago is known for.

The Milton Friedman Institute officially launched in July. Peterson says university officials will consider the issues raised during Wednesday’s meeting. A faculty group that opposes the name of the institute plans to meet Friday.

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