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The Chicago Boys (c. 1970s) were a group of about 25 Chilean economists working under the Augusto Pinochet administration. Most of the Chicago Boys received their basic economic education from the School of Economy in Universidad Católica, and were later postgraduate exchange students at the University of Chicago. The group was influenced by Arnold Harberger's Latin American Finance Workshop, Milton Friedman's Money and Banking Workshop, and the Chicago School of Economics. They had written a 189-page manifesto that called for the immediate privatization of Chile's state-owned enterprises that Socialist President Salvador Allende's administration had nationalized. Some of the Chicago Boys include
Chicago Boys Elsewhere in Latin America Although the largest and most influential group of so called Chicago Boys was Chilean in origin, there are many Latin American graduates from the University of Chicago around the same period. These economists continued to shape the economies of their respective countries, and include people like Mexico's Francisco Gil Diaz, Fernando Sanchez Ugarte, Carlos Isoard y Viesca, Argentina's Ricardo Lopez Murphy, and many more from countries like Brazil, Uruguay, and Costa Rica. It has been stated by at least one former academic of the University that the main advantage Chile had when compared to other Latin American countries was not the presence of the Chicago Boys, but rather the large number of them and the complete liberty that Pinochet gave them to shape Chile's economic policy. See also | ||||||||
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