The Chicago School of Economics did not arrive fully grown in 1946 and 1950 with the arrivals of Milton Friedman and Friedrich von Hayek. Strong foundations had been laid during the inter-war years by the deep-thinking Frank Knight and the analytically brilliant Jacob Viner, together with the strong (though not unequivocal) support of Paul Douglas and Henry Simons. The soil was fertile for Hayek and Friedman to carry the baton of free market economics on its second lap.
For an economist to make a real impact, in my opinion, four ingredients are necessary. The first ingredient is genius, the ability to see through the fog of a complex world and identify new insights of true significance for the discipline. The second ingredient is an understanding that economics is about economizing, and that economizing requires that economic models themselves must be economical: they must produce a lot from a little, not a little from a lot…
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Utopia, you are standing in it! 
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