Monetarism and Liberalization: The Chilean Experiment

The successes and failures of free market policy in Chile, implemented in 1973 under the guidance of economists trained at the University of Chicago, are clearly explained in this well-written study. The authors argue that it was a combination of misjudgments, including important policy errors, that led to the collapse of the Chilean economy. "The Edwards's book is an indispensable guide to the policy reforms and mistakes that have taken the [Chilean] economy to its present state."-Philip L. Brock, Money, Credit, and Banking "This book is a 'must' for anybody interested in development economies and the problems of liberalization."-Hansjorg Blochliger, Journal of International EconomicsEdwards, Sebastian is the author of 'Monetarism and Liberalization: The Chilean Experiment' with ISBN 9780887301056 and ISBN 0887301053.