Chile, the Pinochet decade: the rise and fall of the Chicago boys: Tells the story of the rise and fall of the laissez-faire economic technocrats known as the Chicago Boys, who masterminded the experiment and it analyzes the nature of their alliance with General Pinochet. The book shows how the Chicago Boys promoteed a concept of ""economic liberty"" based on the individual's right to compete in free markets. This could only be implemented through a state with vastly increased powers of repression and surveillance. In this way, manual and white collar workers and the rural and urban poor were forced to accept dramatic falls in their living standards which were a consequence of the model. For the Chicago Boys presupposed a political and economic system in which only the privileged few are actors and notions of social justice do not figure. The book traces the failure of the model from the ""shock treatment"" of 1975, in which the economy was massively contracted in order to reduce inflation, through the supposed miracle years of high growth funded by foreign loans, to the bankruptcy and final abandonment of the free market model.
Conversations with leading economists: interpreting modern macroeconomics: Delves behind prevailing textbook portrayals of macroeconomics and introduces the reader to the theoretical and ideological controversies at the heart of the subject. The introduction sets the essays, which take the form of conversations with known figures in the field, in context.
The economics of transition: from socialist economy to market economy: Provides a contemporary comparative approach to the process of transformation of the economies of Eastern Europe and Russia. Supplying a large amount of factual and statistical information it also includes consideration of recent progress in the areas of macro-economic-stabilisation, micro-economic restructuring and integration into the world economy.
Monetarist economics: Presents the principal papers that Milton Friedman has written for the Institute, which has been the leading exponent of Classical Liberalism in post-war Britain. Freidman's papers provide evidence of the intellectual origins of the changes that have taken place in the political agenda over the past 20 years and the new areas that have been opened up in political economy. The shift in government and public policy in Great Britain in the 1980s has been inspired intellectually by Professor Friedman's writing. "Monetarist Economics" presents evidence to explain why.
Mont Pèlerin 1947: transcripts of the founding meeting of the Mont Pèlerin Society: Marking the 75th anniversary of the first meeting of the Mont Pelerin Society, in 1947, this volume presents for the first time the original transcripts from this landmark event. The society was created by Friedrich Hayek as a forum for leading economists and intellectuals to discuss and debate classical liberal values in the face of a rapidly changing world and political trends toward socialism. Bruce Caldwell, a major scholar of Hayek, provides an informative introduction and explanatory notes to the source documents, drawn from the Hoover Institution Library & Archives, where they have been available to scholars. Now accessible to all, the transcripts reveal what was said on a wide range of topics, including free markets, monetary reform, wage policy, taxation, agricultural policy, the future of Germany, Christianity and liberalism, and more. They provide insights into the thinking of men such as Hayek, Milton Friedman, Aaron Director, Frank Knight, Walter Eucken, Karl Popper, and other leading figures in the classical liberalism movement, illuminating not only their ideas but also their distinctive personalities.
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