Chicago Boys

The "Chicago Boys" were a group of Chilean economists trained at the University of Chicago in the 1970s and 1980s. They promoted free-market policies, such as deregulation, privatization, and reducing government control, aiming to rebuild Chile's economy after political turmoil. Their reforms helped modernize the economy but also led to social inequalities. The Chicago Boys are notable for demonstrating how applying economic theories from Chicago can influence national policy and shape a country's economic trajectory.