Hayek, Thatcher, and the Muddle of the Middle

  • Andrew Farrant
  • Edward McPhail
Chapter
Part of the Archival Insights into the Evolution of Economics book series (AIEE)

Abstract

This chapter provides a detailed examination of one of Hayek’s rather less well-known forays into macroeconomic controversy: in particular, the policy advice which Hayek gave to Margaret Thatcher in early 1982. Hayek urged her to pay much heed to the way in which the Pinochet junta had speedily restructured the Chilean economy in the 1970s and early 1980s. There is much speculation about what particular aspects of Chilean social and economic policy Hayek may have urged Thatcher to adopt in Britain—this chapter addresses this aspect of Hayek and Thatcher’s early-1980s correspondence.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Andrew Farrant
    • 1
  • Edward McPhail
    • 2
  1. 1.Dickinson CollegeCarlisleUSA
  2. 2.Dickinson CollegeCarlisleUSA

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