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It doesn't matter for undergrads.
For an undergraduate, the practical differences between the economics programs at Stanford and Chicago are almost insignificant, like trying to decide between Hamlet and King Lear. Meanwhile, there are 50 things about the two universities that are utterly different, superficially (weather, clothing preferences) and not (core curriculum), any of which would probably have more of an effect on your life than any difference in the economics programs -- even if that effect is small.
Well, my son chose Stanford over Yale.... No mentions of Chicago.