The Chile Project : : The Story of the Chicago Boys and the Downfall of Neoliberalism / / Sebastian Edwards.

• Superior document: Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2023 English
• VerfasserIn: Edwards, Sebastian,
• Place / Publishing House: Princeton, NJ : : Princeton University Press, , [2023]; ©2023
• Year of Publication: 2023
• Language: English
• Physical Description: 1 online resource (376 p.) :; 19 b/w illus. 13 tables.

How Chile became home to the world’s most radical free-market experiment—and what its downfall suggests about the fate of neoliberalism around the globeIn The Chile Project, Sebastian Edwards tells the remarkable story of how the neoliberal economic model—installed in Chile during the Pinochet dictatorship and deepened during three decades of left-of-center governments—came to an end in 2021, when Gabriel Boric, a young former student activist, was elected president, vowing that “If Chile was the cradle of neoliberalism, it will also be its grave.” More than a story about one Latin American country, The Chile Project is a behind-the-scenes history of the spread and consequences of the free-market thinking that dominated economic policymaking around the world in the second half of the twentieth century—but is now on the retreat.In 1955, the U.S. State Department launched the “Chile Project” to train Chilean economists at the University of Chicago, home of the libertarian Milton Friedman. After General Augusto Pinochet overthrew socialist president Salvador Allende in 1973, Chile’s “Chicago Boys” implemented the purest neoliberal model in the world for the next seventeen years, undertaking a sweeping package of privatization and deregulation, creating a modern capitalist economy, and sparking talk of a “Chilean miracle.” But under the veneer of success, a profound dissatisfaction with the vast inequalities caused by neoliberalism was growing. In 2019, protests erupted throughout the country, and in 2022 Boric began his presidency with a clear mandate: to end neoliberalismo.In telling the fascinating story of the Chicago Boys and Chile’s free-market revolution, The Chile Project provides an important new perspective on the history of neoliberalism and its global decline today.

Table of Contents

Frontmatter -- Contents -- List of Illustrations -- List of Tables -- Timeline -- Dramatis Personae -- The Chile Project -- Introduction -- Part I. The Early Years -- 1 Exporting Capitalism: The Origins of the Chicago Boys -- 2 The Chicago Boys in the Ivory Tower -- 3 Salvador Allende’s Thousand Days of Socialism and the Chicago Boys, 1970–1973 -- Part II. The Chicago Boys and the Pinochet Dictatorship, 1973–1990 -- 4 Augusto Pinochet’s Coup and the Chicago Boys’ Reform Program -- 5 Milton Friedman’s 1975 Visit and the Shock Treatment -- 6 Market Reforms and the Struggle for Power, 1975–1981 -- 7 The Birth of a Neoliberal Regime: The Seven Modernizations and the New Constitution -- 8 Milton Friedman and the Currency Crisis of 1982 -- 9 The Second Round of Reforms, 1983–1990: Pragmatic Neoliberalism -- Part III. Neoliberalism under Democratic Rule, 1990–2022 -- 10 The Return of Democracy and Inclusive Neoliberalism -- 11 Staying Neoliberal -- 12 Grievances, Abuses, Complaints, and Protests -- 13 The Distributive Struggle -- 14 Broken Promises: Pensions and the Revolt -- 15 The Constitutional Convention and the Election of Gabriel Boric -- 16 The End of Neoliberalism? -- Acknowledgments -- Appendix: The Origins of Neoliberalism and the Chile Project -- Notes -- Bibliography and Archival Sources -- Index