Meaning of Chicago Boy | Babel Free

Definitions

Any of a group of Chilean economists prominent around the 1970s and 1980s, 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.

historical, in-plural

Examples

“The Chicago Boys label came from the fact that Mr. Baraona and several others who drafted and managed the program to turn Chile away from statism studied economics at the University of Chicago and became disciples of Milton Friedman's free-market faith.”

“Eventually things got so bad that Pinochet was forced to respond by firing many of the Chicago Boys and renationalising many of the privatised companies and banks.”

CEFR level