Advising the “Devil” or “Preaching” to the Public? The Controversy Over Milton Friedman’s 1975 Visit to Chile

Andrew Farrant

A chapter in Research in the History of Economic Thought and Methodology: Including a Symposium on Sir James Steuart: The Political Economy of Money and Trade, 2020, vol. 38C, pp 107-137 from Emerald Group Publishing Limited

Abstract: This chapter explores a number of relatively unknown aspects of the controversy over Milton Friedman’s March 1975 visit to Chile through the analytical framework provided by James M. Buchanan’s late 1950s assessment of the economist-physician analogy. The chapter draws upon a range of archival and neglected primary sources to show that the topics which generally rear their head in any contemporary discussion of Friedman’s visit to Chile – for example, whether it is appropriate to provide policy advice to a dictator – were aired in a largely private mid-1970s exchange between Friedman and a number of professional associates. In particular, the controversy over Friedman and Chile began several months before Friedman arrived in Santiago.

Keywords: Milton Friedman; James Buchanan; Chile; Advice; Democracy; Neoliberalism (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eme:rhetzz:s0743-41542020000038c009

DOI: 10.1108/S0743-41542020000038C009

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