The Chicago Boys were a group of Chilean economists trained at the University of Chicago, who implemented extensive economic reforms in Chile under General Pinochet's regime. Their policies focused on deregulation, privatization, and controlled monetary expansion, significantly shaping Chile's economic landscape.
An exploration of the Chicago School of Economics, its principles, historical context, key figures, and its enduring impact on economic thought and policy.
The Chicago School of Economics emphasizes the benefits and efficiency of free markets over centrally planned economies, rooted in the works of faculty members at the University of Chicago like Milton Friedman and F. A. Hayek.
