Friedrich Hayek and His Visits to Chile

Center for the History of Political Economy (CHOPE) Working Paper No. 2014-12

63 Pages Posted: 29 Aug 2014

See all articles by Bruce Caldwell

Bruce Caldwell

Duke University - Department of Economics

Leonidas Montes

Adolfo Ibanez University

Date Written: August 27, 2014

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.

Keywords: F. A. Hayek, Chile, Chicago Boys, Augusto Pinochet, Salvador Allende, Milton Friedman

JEL Classification: B1, B2, B25, B21, B3, B4

Suggested Citation

Caldwell, Bruce J. and Montes, Leonidas, Friedrich Hayek and His Visits to Chile (August 27, 2014). Center for the History of Political Economy (CHOPE) Working Paper No. 2014-12. Available at SSRN: https://ssrn.com/abstract=2488106 or http://dx.doi.org/10.2139/ssrn.2488106

Bruce J. Caldwell (Contact Author)

Duke University - Department of Economics ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708
United States
919-660-6896 (Phone)
919-681-7984 (Fax)

Leonidas Montes

Adolfo Ibanez University ( email )

Diagonal Las Torres 2640 Peñaleón
Presidente Errázuriz 3485 Las Condes
Santiago, 794-1169
Chile

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