Abstract
This article explores the evolution of liberal economics from the Chilean perspective as it was exported to the rest of the world. From its origins as “monetarism” to the days it started to be known as “neoliberalism.” The traditional belief that free-market and democracy are bound together is challenged. Application of monetarist policies in the Pinochet regime is a good example of what can happen when market enhancement ran independently – even contrary – to the expansion of democracy and social liberties.
