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Friedrich Hayek and his visits to Chile

Author

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  • Caldwell, Bruce
  • Montes, Leonidas

Abstract

F. A. Hayek took two trips to Chile, the first in 1977, the second in 1981. The visits were controversial. On the first trip he met with General Augusto Pinochet, who had led a coup that overthrew Salvador Allende in 1973. During his 1981 visit, Hayek gave interviews that were published in the Chilean newspaper El Mercurio and in which he discussed authoritarian regimes and the problem of unlimited democracy. After each trip, he complained that the western press had painted an unfair picture of the economic situation under the Pinochet regime. Drawing on archival material, interviews, and past research, we provide a full account of this controversial episode in Hayek’s life.

Suggested Citation

  • Caldwell, Bruce & Montes, Leonidas, 2015. "Friedrich Hayek and his visits to Chile," LSE Research Online Documents on Economics 63318, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:63318
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    File URL: http://eprints.lse.ac.uk/63318/
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    References listed on IDEAS

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    1. Myrdal Gunnar, 1977. "The Nobel Prize in Economic Science," Challenge, Taylor & Francis Journals, vol. 20(1), pages 50-52, March.
    2. Burgin, Angus, 2012. "The Great Persuasion: Reinventing Free Markets since the Depression," Economics Books, Harvard University Press, number 9780674058132, Spring.
    3. Vittorio Corbo, "undated". "Economic Reforms in Chile: An Overview," Documentos de Trabajo 160, Instituto de Economia. Pontificia Universidad Católica de Chile..
    4. repec:ucp:bkecon:9780226264141 is not listed on IDEAS
    5. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
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    Cited by:

    1. Andrew Farrant & Vlad Tarko, 2019. "James M. Buchanan’s 1981 visit to Chile: Knightian democrat or defender of the ‘Devil’s fix’?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(1), pages 1-20, March.
    2. Stefan Kolev, 2022. "Anti-democratic revolutionaries or democratic reformers? A review essay of Janek Wasserman’s The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 35(4), pages 531-546, December.
    3. Jason Oakes, 2016. "Rent-seeking and the tragedy of the commons: two approaches to problems of collective action in biology and economics," Journal of Bioeconomics, Springer, vol. 18(2), pages 137-151, July.
    4. Ekkehard A. Köhler & Daniel Nientiedt, 2023. "Was Walter Eucken a proponent of authoritarian liberalism?," Public Choice, Springer, vol. 195(3), pages 363-376, June.
    5. Nicolas Brisset & Raphaël Fèvre, 2019. "Peregrinations of an Economist: Perroux's Grand Tour of Fascist Europe," GREDEG Working Papers 2019-11, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    6. Andrew Farrant, 2019. "What Should (Knightian) Economists Do? James M. Buchanan's 1980 Visit to Chile," Southern Economic Journal, John Wiley & Sons, vol. 85(3), pages 691-714, January.

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    More about this item

    Keywords

    F. A. Hayek; Chile; Chicago boys; Augusto Pinochet; Salvador Allende; Milton Friedman; Centro de Estudios Publicos (CEP); El Mercurio;
    All these keywords.

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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