The Chilean Military Dictatorship and the Origins of Peripheral Growth

Ahumada, José Miguel

doi:10.1007/978-3-030-10743-7_4

The Political Economy of Peripheral Growth 2019

DOI: 10.1007/978-3-030-10743-7_4

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The Chilean Military Dictatorship and the Origins of Peripheral Growth

José Miguel Ahumada

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2020

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Milton Friedman in Chile: Shock Therapy, Economic Freedom, and Exchange Rates

Edwards¹,

Montes²

2020

J Hist Econ Thought

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We analyze Milton Friedman’s two visits to Chile, in March 1975 and November 1981. We rely on a number of sources, including Friedman’s archives, press archives in Chile and the rest of the world, interviews, and the papers and recollections of some of those who accompanied Friedman during his meeting with Pinochet. Although Friedman’s 1975 visit has been widely discussed, his 1981 visit has been largely neglected. However, this visit was particularly important as it preceded a severe currency and banking crisis, stemming from an overvalued fixed exchange rate. The crisis put at risk the influence of the “Chicago Boys” and the political and economic liberalization process. We analyze Friedman’s views regarding Chile’s pegged exchange rate strategy followed between 1979 and 1982, and his position on economic and political freedom.

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Milton Friedman in Chile: Shock Therapy, Economic Freedom, and Exchange Rates

Edwards¹,

Montes²

2020

J Hist Econ Thought

View full text Add to dashboard Cite

show abstract

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The Chilean Military Dictatorship and the Origins of Peripheral Growth

Cited by 1 publication

References 15 publications

Milton Friedman in Chile: Shock Therapy, Economic Freedom, and Exchange Rates

Milton Friedman in Chile: Shock Therapy, Economic Freedom, and Exchange Rates

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