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What Is ‘Hayek’? Read chapter Read first chapter

2017 | OriginalPaper | Chapter

7. Hayek, Thatcher, and the Muddle of the Middle

Authors : Andrew Farrant, Edward McPhail

Published in: Hayek: A Collaborative Biography

Publisher: Springer International Publishing

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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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Metadata
Title
Hayek, Thatcher, and the Muddle of the Middle
Authors
Andrew Farrant
Edward McPhail
Copyright Year
2017
Book
Hayek: A Collaborative Biography

Print ISBN: 978-3-319-60707-8

Electronic ISBN: 978-3-319-60708-5

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-60708-5_7