The Chicago Boys and the Revival of Classical Liberal Economics in Chile
By Axel Kaiser
This article appeared in the Winter 2021/22 issue of The Independent Review.
According to a persistent narrative, the ideas behind the free market revolution led by the so-called Chicago Boys in Chile were imported from the United States. This narrative is wrong. Free market liberalism has been a substantial part of Chiles intellectual and institutional tradition since the middle of the 1800s.
Axel Kaiser is President of Fundación Para el Progreso and Director of the Friedrich Hayek Chair at the Adolfo Ibáñez University in Santiago, Chile. His books include The Fatal Ignorance: The Right-Wing's Cultural Anorexia Against the Ideological Advance of Progressive Ideas, The Tyranny of Equality, and The Populist Deception.