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Chicago Boys, the Glossary

The Chicago Boys were a group of Chilean economists prominent around the 1970s and 1980s, the majority of whom were educated at the Department of Economics of the University of Chicago under Milton Friedman and Arnold Harberger, or at its affiliate in the economics department at the Pontifical Catholic University of Chile.^[1]

70 relations: Adolfo Diz, AméricaEconomía, Argentina, Arnold Harberger, Arturo Valenzuela, Augusto Pinochet, Berkeley Mafia, Brazil, Cambridge University Press, Carlos Alfredo Rodríguez, Colombia, Columbia University, Costa Rica, Cristián Larroulet, Deregulation, Dollars & Sense, Economics, El ladrillo, Ford Foundation, Francisco Gil Díaz, Free market, Harvard University, Hernán Büchi, Inter-American Development Bank, International Monetary Fund, Jeffrey Sachs, Joaquín Lavín, John Perkins (author), Jorge Alessandri, Jorge Cauas, José Piñera, Juan Andrés Fontaine, Las Condes, Latin America, Liberalism, Margaret Thatcher, Massachusetts Institute of Technology, Mexico, Miguel Kast, Military dictatorship of Chile, Milton Friedman, Miracle of Chile, Mont Pelerin Society, Pamela Constable, Panama, Paulo Guedes, Peru, Pinochetism, Point Four Program, Pontifical Catholic University of Chile, ... Expand index (20 more) »
1970s in Chile
1980s in Chile
Chicago School economists
Chile–United States relations
Economic history of Chile
Milton Friedman

Adolfo Diz

Adolfo César Diz (May 12, 1931 – October 12, 2008) was an Argentine economist who was President of the Central Bank of Argentina from 1976 until 1981.

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AméricaEconomía

AméricaEconomía is a Latin American magazine founded in 1986 by Chilean Elías Selman and Swede Nils Strandberg.

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Argentina

Argentina, officially the Argentine Republic, is a country in the southern half of South America.

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Arnold Harberger

Arnold Carl Harberger (born July 27, 1924) is an American economist. Chicago Boys and Arnold Harberger are Chicago School economists.

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Arturo Valenzuela

Arturo A. Valenzuela (born 23 January 1944) is a Chilean-American academic who was the United States Assistant Secretary of State for Western Hemisphere Affairs from November 5, 2009, until August 2011.

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Augusto Pinochet

Augusto José Ramón Pinochet Ugarte (25 November 1915 – 10 December 2006) was a Chilean army officer and military dictator who ruled Chile from 1973 to 1990. Chicago Boys and Augusto Pinochet are military dictatorship of Chile (1973–1990) and Neoliberalism.

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Berkeley Mafia

The Berkeley Mafia was the term given to a group of University of California-trained economists in Indonesia who were given technocratic positions under the Suharto dictatorship during the late 1960s.

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Brazil

Brazil, officially the Federative Republic of Brazil, is the largest and easternmost country in South America and Latin America.

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Cambridge University Press

Cambridge University Press is the university press of the University of Cambridge.

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Carlos Alfredo Rodríguez

Carlos Alfredo Rodríguez is an Argentine international academic and economist member of Chicago school.

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Colombia

Colombia, officially the Republic of Colombia, is a country primarily located in South America with insular regions in North America.

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Columbia University

Columbia University, officially Columbia University in the City of New York, is a private Ivy League research university in New York City.

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Costa Rica

Costa Rica (literally "Rich Coast"), officially the Republic of Costa Rica, is a country in the Central American region of North America.

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Cristián Larroulet

Cristián Patricio Larroulet Vignau (born 1953 in Temuco) was the Minister General Secretariat of the Presidency of Chile under President Sebastián Piñera.

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Deregulation

Deregulation is the process of removing or reducing state regulations, typically in the economic sphere.

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Dollars & Sense

Dollars & Sense is a magazine focusing on economics from a progressive perspective, published by Dollars & Sense, Inc, which also publishes textbooks in the same genre.

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Economics

Economics is a social science that studies the production, distribution, and consumption of goods and services.

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El ladrillo

El ladrillo (English: The Brick) is a study considered the base of many of the economic policies followed by the military dictatorship that ruled Chile from 1973 to 1990. Chicago Boys and el ladrillo are economic history of Chile and military dictatorship of Chile (1973–1990).

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Ford Foundation

The Ford Foundation is an American private foundation with the stated goal of advancing human welfare.

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Francisco Gil Díaz

Francisco Gil Díaz (born 2 September 1943 in Mexico City) is a Mexican economist who served as Secretary of Finance in the cabinet of President Vicente Fox and currently serves as regional chairman of Telefónica for Mexico and Central America.

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Free market

In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers.

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Harvard University

Harvard University is a private Ivy League research university in Cambridge, Massachusetts.

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Hernán Büchi

Hernán Alberto Büchi Buc (born March 6, 1949) is a Chilean economist who served as minister of finance of the Pinochet government.

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Inter-American Development Bank

The Inter-American Development Bank (IDB or IADB) is an international development finance institution headquartered in Washington, D.C., United States of America, and serving as the largest source of development financing for Latin America and the Caribbean.

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International Monetary Fund

The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability.

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Jeffrey Sachs

Jeffrey David Sachs (born November 5, 1954) is an American economist and public policy analyst, professor at Columbia University, where he was former director of The Earth Institute.

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Joaquín Lavín

Joaquín José Lavín Infante (born 23 October 1953) is a Chilean politician of the Independent Democratic Union (UDI) party and former mayor of Las Condes, in the northeastern zone of Santiago.

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John Perkins (born January 28, 1945) is an American author.

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Jorge Alessandri

Jorge Eduardo Alessandri Rodríguez (19 May 1896 – 31 August 1986) was the 26th President of Chile from 1958 to 1964, and was the candidate of the Chilean right in the crucial presidential election of 1970, which he lost to Salvador Allende.

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Jorge Cauas

Jorge Cauas (13 August 1934 – 22 December 2023) was a Chilean politician and diplomat who served as Minister of Finance and Ambassador to the United States.

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José Piñera

José Piñera Echenique (born 6 October 1948) is a Chilean economist, one of the famous Chicago Boys, who served as minister of Labor and Social Security, and of Mining, in the military dictatorship of Augusto Pinochet. Chicago Boys and José Piñera are 20th-century Chilean economists.

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Juan Andrés Fontaine

Juan Andrés Fontaine Talavera is an economist who was Chilean Minister for the Economy, Development, and Reconstruction under President Sebastián Piñera.

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Las Condes

Las Condes is a commune of Chile located in Santiago Province, Santiago Metropolitan Region.

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Latin America

Latin America often refers to the regions in the Americas in which Romance languages are the main languages and the culture and Empires of its peoples have had significant historical, ethnic, linguistic, and cultural impact.

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Liberalism

Liberalism is a political and moral philosophy based on the rights of the individual, liberty, consent of the governed, political equality, right to private property and equality before the law.

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Margaret Thatcher

Margaret Hilda Thatcher, Baroness Thatcher, (13 October 19258 April 2013) was a British stateswoman and Conservative politician who was Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990.

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Massachusetts Institute of Technology

The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts.

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Mexico

Mexico, officially the United Mexican States, is a country in the southern portion of North America.

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Miguel Kast

Michael Kast Rist (18 December 1948 – 18 September 1983), commonly known as Miguel Kast, was a German economist of the Chicago Boys group. Chicago Boys and Miguel Kast are 20th-century Chilean economists.

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Military dictatorship of Chile

An authoritarian military dictatorship ruled Chile for seventeen years, between 11 September 1973 and 11 March 1990. Chicago Boys and military dictatorship of Chile are military dictatorship of Chile (1973–1990).

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Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. Chicago Boys and Milton Friedman are Chicago School economists.

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Miracle of Chile

The "Miracle of Chile" was a term used by economist Milton Friedman to describe the reorientation of the Chilean economy in the 1980s and the effects of the economic policies applied by a large group of Chilean economists who collectively came to be known as the Chicago Boys, having studied at the University of Chicago where Friedman taught. Chicago Boys and Miracle of Chile are 1970s in Chile, 1980s in Chile, economic history of Chile, military dictatorship of Chile (1973–1990) and Milton Friedman.

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Mont Pelerin Society

The Mont Pelerin Society (MPS), founded in 1947, is an international organization of economists, philosophers, historians, intellectuals and business leaders. Chicago Boys and Mont Pelerin Society are Neoliberalism.

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Pamela Constable

Pamela Constable is an American reporter and editor at The Washington Post.

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Panama

Panama, officially the Republic of Panama, is a country in Latin America at the southern end of Central America, bordering South America.

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Paulo Guedes

Paulo Roberto Nunes Guedes (born 24 August 1949) is a Brazilian economist and co-founder of the investment bank BTG Pactual. Chicago Boys and Paulo Guedes are Chicago School economists.

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Peru

Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pacific Ocean. Peru is a megadiverse country with habitats ranging from the arid plains of the Pacific coastal region in the west to the peaks of the Andes mountains extending from the north to the southeast of the country to the tropical Amazon basin rainforest in the east with the Amazon River.

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Pinochetism

Pinochetism (Pinochetismo) is an authoritarian and personalistic political ideology rooted in the military dictatorship led in Chile between 1973 and 1990 by Augusto Pinochet. Chicago Boys and Pinochetism are military dictatorship of Chile (1973–1990) and Neoliberalism.

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Point Four Program

The Point Four Program was a technical assistance program for "developing countries" announced by United States President Harry S. Truman in his inaugural address on January 20, 1949.

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Pontifical Catholic University of Chile

The Pontifical Catholic University of Chile (UC Chile; Pontificia Universidad Católica de Chile) is a traditional private university based in Santiago, Chile.

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Privatization

Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector.

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Quiñenco

Quiñenco S.A is a Chile-based company engaged in the investment in companies active in the industrial and financial sectors.

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Ricardo Ffrench-Davis

Ricardo Ffrench-Davis (born 27 June 1936) is a Chilean economist. Chicago Boys and Ricardo Ffrench-Davis are 20th-century Chilean economists.

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Ricardo López Murphy

Ricardo Hipólito López Murphy (born 10 August 1951) is an Argentine economist, academic and politician.

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Rockefeller Foundation

The Rockefeller Foundation is an American private foundation and philanthropic medical research and arts funding organization based at 420 Fifth Avenue, New York City.

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Rolf Lüders

Rolf Lüders Schwarzenberg (born October 1, 1935 in Santiago) is a Chilean economist, entrepreneur, scholar, politician, and former Minister of State of the military dictatorship of Augusto Pinochet. Chicago Boys and Rolf Lüders are 20th-century Chilean economists.

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Ronald Reagan

Ronald Wilson Reagan (February 6, 1911June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. Chicago Boys and Ronald Reagan are Neoliberalism.

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Roque Fernández

Roque Benjamín Fernández (born April 30, 1947) is an Argentine economist, former President of the Central Bank and Minister of Economy, and the only member of the Chicago Boys ever to have been the chief economic policy maker in Argentina.

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Rose Friedman

Rose Director Friedman; born Rose Director (30 December 1910 – 18 August 2009) was a free-market economist and co-founder of the Milton and Rose D. Friedman Foundation.

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Sócrates Rizzo

Sócrates Cuauhtémoc Rizzo García (born September 14, 1945 in Linares, Nuevo León) is a Mexican politician affiliated with the Institutional Revolutionary Party (PRI).

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Sergio de Castro (economist)

Sergio de Castro Spikula (25 January 1930 – 26 April 2024) was a Chilean economist who served the military junta headed by Augusto Pinochet as economy and finance minister. Chicago Boys and Sergio de Castro (economist) are 20th-century Chilean economists.

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South America

South America is a continent entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a considerably smaller portion in the Northern Hemisphere.

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The Shock Doctrine

The Shock Doctrine: The Rise of Disaster Capitalism is a 2007 book by the Canadian author and social activist Naomi Klein.

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United States Department of State

The United States Department of State (DOS), or simply the State Department, is an executive department of the U.S. federal government responsible for the country's foreign policy and relations.

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University for Development

Universidad del Desarrollo (Spanish for "University for development") is a Chilean private university.Its main campus is in Santiago de Chile, with a secondary campus in Concepción.

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University of Chicago

The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois.

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Uruguay

Uruguay, officially the Oriental Republic of Uruguay (República Oriental del Uruguay), is a country in South America.

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W. W. Norton & Company

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World Bank

The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.

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1973 Chilean coup d'état

The 1973 Chilean coup d'état was a military overthrow of the democratic socialist president of Chile Salvador Allende and his Popular Unity coalition government. Chicago Boys and 1973 Chilean coup d'état are Chile–United States relations and military dictatorship of Chile (1973–1990).

See Chicago Boys and 1973 Chilean coup d'état

References

[1] https://en.wikipedia.org/wiki/Chicago_Boys

, Privatization, Quiñenco, Ricardo Ffrench-Davis, Ricardo López Murphy, Rockefeller Foundation, Rolf Lüders, Ronald Reagan, Roque Fernández, Rose Friedman, Sócrates Rizzo, Sergio de Castro (economist), South America, The Shock Doctrine, United States Department of State, University for Development, University of Chicago, Uruguay, W. W. Norton & Company, World Bank, 1973 Chilean coup d'état.

Chicago Boys, the Glossary

Table of Contents

See also

1970s in Chile

1980s in Chile

Chicago School economists

Chile–United States relations

Economic history of Chile

Milton Friedman

References