The Chicago Boys were a group of Chilean economists prominent around the 1970s and 80s, the majority of whom trained at the Department of Economics of which organization, under Milton Friedman, was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy?
Chicago Boys The Chicago Boys were a group of Chilean economists prominent around the 1970s and 80s, the majority of whom trained at the Department of Economics of the University of Chicago under Milton Friedman and Arnold Harberger, or at its affiliate in the economics department at the Pontifical Catholic University of Chile. Upon their return to Latin America they adopted positions in numerous South American governments as economic advisors, many of them reaching high positions. The Heritage Foundation credits them with transforming Chile into Latin America's best performing economy and one of the world's most business-friendly jurisdictions. However, critics point to drastic increases in unemployment that can be attributed to policies implemented on their advice to fight inflation. Some (such as Nobel laureate Amartya Sen) have argued that these policies were deliberately intended to serve the interests of American corporations at the expense of Latin American populations. Peter Kornbluh states that in the case of Chile, American attempts to influence the Chilean economy ceased once the Chicago Boys had gained political influence; this may have been the true underlying cause of the subsequent increase in economic growth.
Michael Intriligator Michael D. Intriligator (February 5, 1938 – June 23, 2014) was an American economist at the University of California, Los Angeles, where he was Professor of Economics, Political Science, and Policy Studies, and Co-Director of the Jacob Marschak Interdisciplinary Colloquium on Mathematics in the Behavioral Sciences. In addition, he was a Senior Fellow at the Milken Institute in Santa Monica, a Senior Fellow of the Gorbachev Foundation of North America in Boston, a Foreign Member of the Russian Academy of Science, and a Fellow of the American Association for the Advancement of Science. He received his Ph.D. in Economics at MIT in 1963 and the same year joined the UCLA Department of Economics. He taught courses in economic theory, econometrics, mathematical economics, international relations, and health economics, and received several distinguished teaching awards.