Chile
The Chicago Boys and the Chilean Neoliberal Project
In a new book, The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism, Sebastian Edwards details the history of neoliberalism in Chile over the past seventy years. The Chicago Boys—a group of Chilean economists trained at the University of Chicago through the U.S. State Department’s “Chile Project”—played a central role in neoliberalism’s ascent during General Augusto Pinochet’s rule. What follows is an excerpt from the book on University of Chicago economist Milton Friedman’s 1975 visit to Chile to meet with Pinochet and business leaders.
Five International Journalists Explain How the War in Ukraine Is Playing Out Globally
The 2022 class of the Stigler Center’s Journalists in Residence program offer their thoughts regarding the Russia-Ukraine conflict.
On Tuesday last week, the Stigler Center’s...
The Complicated Legacy of the “Chicago Boys” in Chile
How did a group of Chicago-trained economists manage to turn Chile into the cradle of neoliberalism? As the country aims to move away from...
Economic Crisis and Poverty Might Kill More People Than the Coronavirus
Saving lives is the priority. Doing so depends on a delicate balance between health, economic, and social variables. But, above all, it depends on a population that trusts that these measures seek the common good, not the interest of a few.
In Chile, It Is Always the Banks That Decide the Direction of Politics
Chile's government announced it would deliver $24 billion in state-guaranteed loans through the financial system to save companies at risk of bankruptcy due to the...
Chile Reaches Its Greenspan Moment
"I am in a state of shocked disbelief," former Federal Reserve chair Alan Greenspan said during the 2008 crisis, before confessing: "I found a...
Populism Weakened the Immune System of Our Democracies. Chile Is an Example
Modern societies have developed immune systems to deal with epidemics: international cooperation, social cohesion, universal health care systems. But today we face the greatest...
Why an Antimonopoly Movement Is the Kind of Populism That Chile Needs
President Piñera's approval rating has reached a record low, not just for the Chilean democracy, but for all of South America. The rise of...
Economics Podcast Recommendations: Esther Duflo on Poverty, James Robinson on Development, and Cesar Hidalgo on Chile
ProMarket’s picks for the best podcasts covering economics, finance, and political economy.
HBR Ideacast: Esther Duflo
In this episode of the Harvard Business Review's weekly HBR...
The Reality of Inequality and Its Perception: Chile’s Paradox Explained
While conventional indicators show a significant decline in inequality, the perception among Chile’s citizens is that inequality has greatly increased. The development model Chile...
