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The Fourth Generation in Chicago

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CHICAGO — A remarkable conjunction occurred here last spring, somewhere between a concatenation and coincidence. Gary Becker, of the University of Chicago, died unexpectedly, in May, at 83, from complications following ulcer surgery. In June, Glen Weyl, 29, anointed Becker’s successor as expositor of Chicago’s most distinctive tradition, published a prospectus for “A Short Summary of Price Theory.” That same month, the Department of Economics moved from hand-me-down quarters to a newly refurbished building of its own, complete with cloud-capped tower, nevertheless dwarfed by the gleaming Booth Graduate School of Business kitty-corner across the street. Price Theory is Dead!  Long