This book tells the extraordinary story of the Pinochet regime's economists, known as the Chicago Boys. Following their training as economists at the University of Chicago, they took advantage of the opportunity afforded them by the 1973 military coup to launch the first radical free market strategy implemented in a developing country. The ideological strength of their mission and the military authoritarianism of General Pinochet combined to transform an economy that, following the return to democracy, has stabilized and is now seen as a model for Latin America.
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Book Description
Editorial Reviews
Review
"Valdés, who is deeply critical of the Chicago School for its lack of social content and its influence in Chilean public life, has written an important history of an elite group of economists and their allies among Chile's conservative business elite." American Historical Review
"Based on extensive research in the archives of the Ford and Rockefeller Foundations and the Agency of International Development, the book shows how the transmission of sconomic ideas was encouraged and fostered..." Foreign Affairs
"Pinochet's Economists gives a fascinating account of the conditions favoring ideological transfer, the specific events and actors involved in it, and the conditions that facilitated the initial flourishing and subsequent reproduction of neoliberalism in Chile." Latin American Research Review
"... a well-documented and well-argued book on the very interesting and important experience of the Chicago Boys, the international transfer of ideas, and the efforts of intellectuals to shape basic social and economic policies by using those ideas." The Annals of the American Academy
"...god examples of Americanists...whose work takes in more of the Amaericas." Brian Finnegan, American Studies International
"Based on extensive research in the archives of the Ford and Rockefeller Foundations and the Agency of International Development, the book shows how the transmission of sconomic ideas was encouraged and fostered..." Foreign Affairs
"Pinochet's Economists gives a fascinating account of the conditions favoring ideological transfer, the specific events and actors involved in it, and the conditions that facilitated the initial flourishing and subsequent reproduction of neoliberalism in Chile." Latin American Research Review
"... a well-documented and well-argued book on the very interesting and important experience of the Chicago Boys, the international transfer of ideas, and the efforts of intellectuals to shape basic social and economic policies by using those ideas." The Annals of the American Academy
"...god examples of Americanists...whose work takes in more of the Amaericas." Brian Finnegan, American Studies International
Book Description
This book tells the extraordinary story of the Pinochet regime's economists, known as the Chicago Boys. Following their training as economists at the University of Chicago, they took advantage of the opportunity afforded them by the 1973 military coup to launch the first radical free market strategy impl emented in a developing country. The ideological strength of their mission and the military authoritarianism of General Pinochet combined to transform an economy that, following the return to democracy, has stabilised and is now seen as a model for Latin America.
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Most Helpful Customer Reviews
11 of 15 people found the following review helpful:
5.0 out of 5 stars
Understanding the past 20 years Chile's history,
By A Customer
This review is from: Pinochet's Economists: The Chicago School of Economics in Chile (Historical Perspectives on Modern Economics) (Hardcover)
This book is an explanation about the "work" of the Chicago School in Chile. You can read about the origin the Chicago School into the Departement of Economics of the U. of Chicago (USA), the transfer of knowledge to the chilean students during the 60' s and 70's and how this school and the "Chicago Boys" supported General Augusto Pinochet
3.0 out of 5 stars
The Chicago Boys,
By
This review is from: Pinochet's Economists: The Chicago School of Economics in Chile (Historical Perspectives on Modern Economics) (Paperback)
There is some real meat in this text addressing the nature of the Chicago School economics imported to Chile by the Chicago Boys. Most interesting is the author's analysis of how Pinochet's authoritarian governance fit hand in glove with the political views of classic free marketers, ie, democracy too often leads to the protection of special interest groups to the deteriment of truly free markets.For my purposes, there was far too much informaton of how the Catholic University and the Universty of Chicago managed their exchange program and how the Chilean Chicago Boys operated in obscurity until Pinochet's coup. Overall, this is a very helpful book, with plenty of back ground information about the Chicago School of Economics. It all rang true to my ears based on my three years of graduate school indoctrination from the true believers, including Milton Friedman who gave his "Free to Choose" lectures while I was a student.
3 of 10 people found the following review helpful:
1.0 out of 5 stars
Not a history of Chile or of Chilean economics,
By A_2007_reader (Vladivostok, Russia) - See all my reviews
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This review is from: Pinochet's Economists: The Chicago School of Economics in Chile (Historical Perspectives on Modern Economics) (Hardcover)
I rarely give a book 1 star, but this book merits it.Except for literally the first and last chapters, precious little is said about Chile or the economy of Chile. The entire book is about how the economics department of the University of Chicago allied with Universidad Catolica de Chile to place Chilean foreign exchange students in positions of authority in Pinochet's government. I guess that the title of the book should have been a clue, but I had no idea the entire book would be on this one limited theme, spelled out in nausiating detail, blow-by-blow, year-by-year. And yes, the author is leftist and does seem to strain to see a conspiracy behind every tree. A terrible book. Perhaps good as a Ph.D thesis, but not a book.
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Inside This Book
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First Sentence:
The junta of generals and admirals that seized power in Chile in 1973 lacked a definite government project. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
ideological transfer, authority referent, entrepreneurial movement, university agreements, organized transfer, economic team, new economists, ninth report Key Phrases - Capitalized Phrases (CAPs): (learn more)
Chicago Boys, Catholic University, United States, Latin American, University of Chicago, Chicago School, Sergio de Castro, Arnold Harberger, Ford Foundation, Universidad de Chile, University of Chile, Department of Economics, Faculty of Economics, Pablo Baraona, Milton Friedman, Ernesto Fontaine, Rockefeller Foundation, Christian Democratic, Christian Democrats, Chicago University, Rolf Luders, Economics Department, Carlos Urenda, Christian Democracy, Agustin Edwards New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The junta of generals and admirals that seized power in Chile in 1973 lacked a definite government project. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
ideological transfer, authority referent, entrepreneurial movement, university agreements, organized transfer, economic team, new economists, ninth report Key Phrases - Capitalized Phrases (CAPs): (learn more)
Chicago Boys, Catholic University, United States, Latin American, University of Chicago, Chicago School, Sergio de Castro, Arnold Harberger, Ford Foundation, Universidad de Chile, University of Chile, Department of Economics, Faculty of Economics, Pablo Baraona, Milton Friedman, Ernesto Fontaine, Rockefeller Foundation, Christian Democratic, Christian Democrats, Chicago University, Rolf Luders, Economics Department, Carlos Urenda, Christian Democracy, Agustin Edwards New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 39
books:
See all 39 books this book cites
1
book
cites this book:
- The Chicago School of Political Economy (Classics in Economics Series) by Warren J. Samuels in Back Matter (1), Back Matter (2), and Back Matter (3)
- Capitalism and Freedom: Fortieth Anniversary Edition by Milton Friedman on page 61, Back Matter (1), and Back Matter (2)
- The Crisis in Economic Theory by Daniel Bell in Back Matter (1), Back Matter (2), and Back Matter (3)
- Ideology and Discontent by Clifford Geertz in Back Matter (1), and Back Matter (2)
- Politics and Developing Areas by Garbriel A. Almond in Back Matter (1), and Back Matter (2)
See all 39 books this book cites
- Latin American Politics and Development by Howard J. Wiarda on page 196
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