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A Tradition of Forward Thinking

Chicago Booth is renowned for faculty whose insights and analyses reshape the face of business, markets, and the global economy. 

The strength of Booth’s unique perspective is reflected in one of the school’s most venerable traditions, Economic Outlook, which was established in 1954 as Business Forecast.

Drawing on Booth’s culture of unparalleled inquiry, this annual event provides a forum for our pathbreaking thought leaders to confront the future, evaluating emergent trends and sharing key insights that help reframe our understanding of the world to come.

In recent years, Booth faculty participants have included: 

Steven J. Davis
William H. Abbott Professor of International Business and Economics; Deputy Dean for Faculty

Austan Goolsbee
Robert P. Gwinn Professor of Economics

John Huizinga
Walter David “Bud” Fackler Distinguished Service Professor of Economics

Erik Hurst
V. Duane Rath Professor of Economics and the John E. Jeuck Faculty Fellow

Anil Kashyap
Edward Eagle Brown Professor of Economics and Finance

Randall S. Kroszner
Norman R. Bobins Professor of Economics

Raghuram G. Rajan
Eric J. Gleacher Distinguished Service Professor of Finance and Governor of the Reserve Bank of India

Amir Sufi
Professor of Finance

Joining our faculty are distinguished alumni and other economic and financial leaders. 

Recent nonfaculty participants include Nobel laureate Myron Scholes, MBA ’64, PhD ’70; Singapore’s minister for finance, Tharman Shanmugaratnam; managing director and head of economics and emerging markets research at Barclays Capital, Piero Ghezzi; and Richard Wong, AB ’74, AM ’74, PhD ’80, founding director of the Hong Kong Centre for Economic Research and the Hong Kong Institute of Economics and Business Strategy at the University of Hong Kong School of Economics.

The History behind the Tradition

At the early Business Forecast events, panelists met in Chicago to offer discrete predictions about key economic indicators. In the decades since then, the event evolved to emphasize a broader, more multivariate style of thinking about the future economy—an approach based on the recognition that holistic insights grounded in fundamental principles have more impact than simpler “up or down” propositions. Business Forecast became Economic Outlook as a reflection of this broadened sense of purpose.

Meanwhile, the event spread from Chicago to cities around the world, allowing an ever wider dissemination of the insights that it generates among the regional business communities that are the backbone of the global economy.


Austerity or stimulus? Inflation or deflation? Focus on the Future.

Chicago Booth is renowned for faculty whose insights and analyses reshape the face of business, markets, and the global economy. The strength of Booth’s unique perspective is reflected in one of the school’s most venerable traditions, Economic Outlook.

Drawing on Booth’s culture of unparalleled inquiry, this annual event provides a forum for our pathbreaking thought leaders to confront the future—evaluating emergent trends and sharing key insights that help reframe our understanding of the world to come.


© 2014 Chicago Booth: Economic Outlook