In the 1970s, 'The Chicago Boys' were a group of 25 economists working under which South American dictator's administration to create a free market economy?
Chicago Boys Boys" has been used at least as early as the 1980s to describe Latin American economists who studied or identified with the libertarian economic theories then taught at the University of Chicago, even though some of them earned degrees at Harvard or MIT (see below). They advocated widespread deregulation, privatization, and other free market policies for closely controlled economies. The Chicago Boys rose to prominence as leaders of the early reforms initiated in Chile during General Augusto Pinochet's rule. Milton and Rose Friedman used the term "Chicago Boys" in their memoir: "In 1975, when inflation still raged and a world
Chicago Boys Chicago Boys The Chicago Boys were a group of Chilean economists prominent around the 1970s and 1980s, the majority of whom trained 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. Upon their return to Latin America they adopted positions in numerous South American governments including the Military dictatorship of Chile (1973–90). As economic advisors, many of them reached high positions within those. The Heritage Foundation credits them with transforming Chile into Latin America's best performing economy and