Sergio de Castro spicula

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Sergio de Castro Spikula (born January 25, 1930 in Santiago de Chile ) is a Chilean economist. Under the military government of Augusto Pinochet, he was first economics minister and later finance minister.

Life

He studied industrial engineering at the Pontificia Universidad Católica de Chile . He was one of the first three Chilean students to be sent to the University of Chicago in 1956 to study economics.

He worked as a professor and director of the Economics Research Center at the Pontificia Universidad Católica de Chile, where he was also dean between 1965 and 1968. Together with several other Chilean economists, he drafted the memorandum El Ladrillo (the brick) , which was very important in the 1970s .

After the military coup , he joined the military government on September 14, 1973, initially as an advisor to the Minister of Economics, Fernando Léniz. From April 14, 1975 to December 27, 1976 he was Minister of Economic Affairs. From December 31, 1976 to April 22, 1982 he was Minister of Finance. Since he carried out “neoliberal” reforms based on the Chicago School in office, he is counted among the Chicago Boys . As finance minister, however, in 1979 he introduced a system of fixed exchange rates, contrary to Milton Friedman's recommendations . He stuck to this when economic consultants pushed for a devaluation of the Chilean peso in the deep recession of 1982 because of the sharp rise in the number of corporate bankruptcies. De Castro countered that only the strongest and most competitive should survive the crisis, but could no longer prevail with his idea and had to leave in 1982.

After his release, he worked as a director of Banco Edwards Citi . He is currently a board member of the Centro de Estudios Públicos and board member of the Faculty of Economics and Management at the Pontificia Universidad Católica de Chile.

supporting documents

  1. ^ Juan Gabriel Valdés: Pinochet's Economists: The Chicago School of Economics in Chile. Cambridge University Press, Cambridge 1995, ISBN 0-521-45146-9 , p. 136.
  2. ^ Juan Gabriel Valdés: Pinochet's Economists: The Chicago School of Economics in Chile. Cambridge University Press, Cambridge 1995, ISBN 0-521-45146-9 , p. 178.
  3. ^ Juan Gabriel Valdés: Pinochet's Economists: The Chicago School of Economics in Chile. Cambridge University Press, Cambridge 1995, ISBN 0-521-45146-9 , p. 181.
  4. ^ Juan Gabriel Valdés: Pinochet's Economists: The Chicago School of Economics in Chile. Cambridge University Press, Cambridge 1995, ISBN 0-521-45146-9 , pp. 247f.
  5. ^ Sebastian Edwards: Left Behind: Latin America and the False Promise of Populism. University of Chicago Press, 2010, ISBN 978-0-226-18478-4 , p. 102
  6. ↑ Karin Fischer: "The Influence of Neoliberals in Chile before, during, and after Pinochet", in: Mirowski, P. / Plehwe, D. (Ed.): The Road from Mont Pèlerin: The Making of the Neoliberal Thought Collective, Cambridge / London: Harvard University Press, 2009, pp. 305–346, 330.
personal data
SURNAME Castro Spikula, Sergio de
BRIEF DESCRIPTION Chilean economist and politician
DATE OF BIRTH January 25, 1930
PLACE OF BIRTH Santiago de Chile