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Foundations of the American CenturyThe Ford, Carnegie, and Rockefeller Foundations in the Rise of American Power$
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Inderjeet Parmar

Print publication date: 2015

Print ISBN-13: 9780231146296

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231146296.001.0001

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The Major Foundations, Latin American Studies, and Chile in the Cold War

The Major Foundations, Latin American Studies, and Chile in the Cold War

Chapter:
(p.180) 7 The Major Foundations, Latin American Studies, and Chile in the Cold War
Source:
Foundations of the American Century
Author(s):

Inderjeet Parmar

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231146296.003.0007

This chapter explores the impact of the philanthrophic works of major foundations to Chile's economic ideology. With capitalistic economics as their underlying base, the Ford and Rockefeller foundations had backed major universities in Santiago—Catholic and the University of Chile—in a self-conscious strategy of complementarity in institutional development through sponsoring both free-market economists and statist economists. As a consequence, by the late 1980s and 1990s, many statist economists had abandoned political attachments to statism and embraced market economics. The long-term consequences of foundation-sponsored economics in Chile, and generally in Latin America, were the continuous decrease in socialist options, thereby increasing capitalist market options as the country's economic strategy.

Keywords:   Chiles economic ideology, capitalistic economics, Ford Foundation, Rockefeller Foundation, University of Chile, free-market economists, statist economists, statism, market economics

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