Transitional pacts preserved technocratic economic continuity across regime change

Evidence

The exclusion from higher ranks was not complete. A consensual formula between the Pinochet and the incoming governments designated the composition of the board of the Central Bank, for example. Both administrations nominated two members; an economist who gave guarantees to both parties was made president. According to the new finance minister, Alejandro Foxley, this solution “was a way of showing the country, the private sector, and the international financial community that the Concertación is committed to the economic stability of the country” (El Mercurio, December 7-13, 1989, quoted in Montecinos 1993, 35). — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1643

Categorization

• XREF: connects to: Policy continuity in Pinochet’s Chile survived ministerial turnover through direct loyalty to Pinochet — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1571; Pacted transitions preserve predecessor regimes’ legal and economic frameworks — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1607; Neoliberal continuity survived via pragmatic adjustment, not doctrinal purity — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1615 (+3 more)

Broader Connections

• Neoliberal continuity survived via pragmatic adjustment, not doctrinal purity #corroborates (0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1615