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Economic Transformations in Chile: The Formation of the Chicago Boys

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  • Valerie Brender

Abstract

Who were the Chicago Boys and what was their path into Pinochet's dictatorship? Speculation abounds about the motives of these Chilean born, U.S. educated economists who came to play a pivotal role in Pinochet's regime. This paper will examine the education of the Chicago Boys at the University of Chicago and their subsequent rise into Pinochet's government. The Chicago Boys' historical path suggests that their influence in Chilean politics cannot be reduced to U.S. political motivations or ideology, but rather must take into consideration the transformation of foreign aid policies and the economic environment of the time.

Suggested Citation

  • Valerie Brender, 2010. "Economic Transformations in Chile: The Formation of the Chicago Boys," The American Economist, Sage Publications, vol. 55(1), pages 111-122, May.
    • Handle: RePEc:sae:amerec:v:55:y:2010:i:1:p:111-122
    DOI: 10.1177/056943451005500112
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    References listed on IDEAS

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    1. Waterbury, John, 1999. "The Long Gestation and Brief Triumph of Import-Substituting Industrialization," World Development, Elsevier, vol. 27(2), pages 323-341, February.
    2. Malcolm Rutherford, 2004. "Institutional Economics at Columbia University," History of Political Economy, Duke University Press, vol. 36(1), pages 31-78, Spring.
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