The economist Gary Becker has died. Kieran Healy has a great write-up on Foucault’s engagement with Becker; Kathy Geier has a very smart treatment of, among other things, feminist critiques of Becker’s theory of the family. And some more personal reminiscences of taking a class with Becker. Kathy mentions this article that Becker wrote in 1997 about the Chicago Boys who worked with the Pinochet regime. Becker’s conclusion about that episode? In retrospect, their willingness to work for a cruel dictator and start a different economic approach was one of the best things that happened to Chile. No real surprise there. Many free-marketeers, including Hayek, either defended the Pinochet regime or defended those who worked with it. But the Becker […]

This is the second in a two-part post.  Part 1 is here. • • • • • The 1981 Mont Pelerin Society (MPS) meeting at Viña del Mar was “one of the largest and most successful regional meetings” (p. 1) the MPS had ever held, claimed Eric Brodin, author of an eye-opening report for the MPS newsletter. Two hundred and thirty men and women from 23 countries attended, making it a veritable International of the free-market counterrevolution. It featured such luminaries, as I reported, as James Buchanan, Gordon Tullock, Milton and Rose Friedman, and Reed Irvine. (For a complete list of attendees, which included higher-ups in the Pinochet regime, corporate heads and bankers, and US officials, see pp. 16ff of […]

In my first post about Hayek and Pinochet, I quoted a statement that I had written in the Nation in 2009 and had repeated in my book The Reactionary Mind: Hayek admired Pinochet’s Chile so much that he decided to hold a meeting of his Mont Pelerin Society in Viña del Mar, the seaside resort where the coup against Allende was planned. The Mont Pelerin Society (MPS) was a group of intellectuals and activists that Hayek helped found after World War II to advance the cause of the free market. In recent years, it has become the subject of some great new scholarship; judging by the fall catalogs it looks likely to be an even hotter topic in the future. […]