Chicago Boys (group of Chilean free-market economists)

E375953

The Chicago Boys were a group of Chilean economists trained at the University of Chicago who became influential in implementing radical free-market reforms during Augusto Pinochet’s military regime.

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Predicate Object
instanceOf group of economists
political-economic movement
activeInPeriod 1970s
1980s
associatedWithDocument El Ladrillo (economic policy blueprint)
associatedWithGovernment Chilean military dictatorship
surface form: military dictatorship of Augusto Pinochet
basedOn Chicago School economics
surface form: Chicago school of economics
countryOfActivity Chile
countryOfOrigin Chile
criticizedFor social inequality associated with reforms in Chile
support for policies under an authoritarian regime
educatedAt University of Chicago
emergedDuring Cold War
fieldOfWork development economics
economics
free-market economics
macroeconomic policy
hasAlternativeName Chicago Boys (Chile)
hasEthnicOrNationalIdentity Chilean
hasLanguageOfWorkOrName Spanish
hasMainInterest market-oriented economic reforms
ideology economic liberalism
monetarism
neoliberalism
implementedIn Chilean economic policy under Augusto Pinochet
influenced Chilean economic model
Latin American economic policy debates
influencedBy Arnold Harberger
Milton Friedman
Chicago School economics
surface form: University of Chicago school of economics
knownFor deregulation of markets in Chile
fiscal austerity policies in Chile
implementation of radical free-market reforms in Chile
influencing the 1980 Chilean Constitution’s economic framework
pension system reform in Chile
privatization of state-owned enterprises in Chile
reduction of tariffs in Chile
trade liberalization in Chile
notableMember Hernán Büchi
José Piñera
Pablo Baraona NERFINISHED
Rolf Lüders NERFINISHED
Sergio de Castro
Álvaro Bardón
positionHeldByMembers Central Bank of Chile
surface form: Central Bank of Chile officials

Minister of Economy of Chile
Minister of Finance of Chile
supportedBy business elites in Chile
segments of the Chilean right-wing political spectrum

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José Piñera memberOf Chicago Boys (group of Chilean free-market economists)