"A key tenet of the Chicago school is that free markets function well in most circumstances, so government intervention into the economy ought to be limited. A second theme is that economic analysis has substantial explanatory power for empirical phenomena, not only in the narrow economic realm but also—as Gary Becker (whom I discuss next) has particularly demonstrated—in a wide variety of social interactions."
January 1, 1970
https://en.wikiquote.org/wiki/Chicago_school_of_economics