Neoliberalism
Renewal of concept of unfettered capitalism
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| January 2025 |
Shock therapy
Torcuato Di Tella University estimated the poverty rate at 33.5% by the end of January.
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| 2024 | Gabriel Calzada serves as president of the Mont Pelerin Society from 2021 to 2024, continuing the organization's tradition of prominent economic and political thinkers in leadership roles. |
| 2024 |
Shock therapy
Argentina became a net energy exporter for the first time in 14 years, driven by the Vaca Muerta shale formation.
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| 2024 |
Shock therapy
In Argentina, shock therapy economic policies are being considered or implemented, potentially involving rapid and dramatic economic reforms to address economic crisis or hyperinflation.
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| 2024 |
Shock therapy
Poverty rate in Argentina spiked from 41.7% in late 2023 to 52.9% in early 2024, though by the third quarter it declined to 38.9%.
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| 2024 |
Shock therapy
Milei devalued the official Argentine currency by 50% and implemented a policy of monthly 2% devaluations to close the gap between official and parallel exchange rates.
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| 2024 |
Shock therapy
Argentina's GDP contracted by 2.1% in the first quarter and 1.8% in the second quarter, but expanded 3.9% in the last quarter of the year.
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| 2024 |
Shock therapy
Wages in Argentina rose by 145.5%, outpacing the 117.8% inflation rate, with average wages in dollars doubling to $990.
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| 2024 |
Shock therapy
The Argentinian Peso appreciated by 44.2% against the dollar, outperforming all other global currencies.
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| 2024 |
Shock therapy
Milei planned to dismantle existing capital controls and regulations, and eliminate 90% of current taxes in Argentina.
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| 2024 |
Shock therapy
Javier Milei enacted drastic economic reforms, including firing 24,000 federal employees and setting a goal to cut 50,000 more government positions.
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| 2024 | France began a new austerity period |
| 2024 | The Financial Times endorses the Labour Party in the UK general election and Kamala Harris in the United States presidential election. |
| 2024 | Financial Times endorses the Labour Party, seeking a 'fresh start' while cautioning about their interventionist tendencies and regulatory enthusiasm. |
| 2024 | The Financial Times endorsed Kamala Harris in the United States presidential election. |
| December 2024 |
Shock therapy
A Gallup poll revealed 53% of Argentinians believed their standard of living was improving, reaching levels not seen since 2015.
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| November 2024 |
Shock therapy
Inflation returned to 2.4% per month, with an underlying monthly inflation rate of only 0.4% after factoring in the 2% intended monthly devaluation.
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| November 2024 |
Shock therapy
Monthly inflation in Argentina returned to 2.4%, with an underlying inflation rate of just 0.4% after factoring in the 2% intended monthly currency devaluation.
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| October 2024 |
Shock therapy
CEPA reported that private sector wages had nearly returned to November 2023 levels, while public sector incomes remained 14.8% lower.
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| October 2024 |
Shock therapy
Milei announced the shutdown of AFIP (Administración Federal de Ingresos Públicos), the Argentine tax agency, with plans to terminate over 3,000 'irregularly hired' agents and reduce senior and lower-level positions.
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| January 2024 |
Shock therapy
Poverty rate spiked from 41.7% in late 2023 to 52.9% in early 2024 during the first months of Milei's administration.
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| 2023 |
Free trade
A study published in the Journal of Political Economy revealed significant economic impacts of reduced trade costs since 1980, demonstrating increased agricultural productivity, food consumption, and welfare gains globally, with particularly substantial benefits for developing countries.
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| 2023 | Supported far-right candidate Javier Milei in the Argentine general election. |
| 2023 | Linda Edwards becomes the latest Chairman of the Board of Trustees, taking over from Neil Record and continuing the Institute's leadership legacy. |
| 2023 |
Shock therapy
Javier Milei won the presidential election, driven by widespread dissatisfaction with the previous left-wing economic approach.
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| 2023 | Finland began a new austerity period |
| 2023 | The Financial Times reported growing to 1.3 million subscribers, with 1.2 million being digital subscribers. |
| 2023 | The newspaper reported having 1.3 million subscribers, of which 1.2 million were digital subscribers. |
| December 2023 | Mark Littlewood stands down as the IEA's Director General and is replaced by Tom Clougherty, who takes the title of Executive Director. |
| December 2023 | Who Funds You? updated the IEA's transparency rating from E to D. |
| December 2023 |
Shock therapy
Inflation peaked at 25% per month, pushing Argentina into a state of hyperinflation.
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| September 2023 |
Shock therapy
Rental housing supply reduced by 80% compared to 2015, highlighting the economic strain.
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| January 2023 | The party is disbanded. |
| 2022 | Inaugurated the fully renovated Alberto Saavedra Pérez Municipal Theater, restoring it to its original 1845 color. |
| 2022 | The website Who Funds You? rated the Institute as E, the lowest transparency rating possible. |
| 2022 |
Shock therapy
Inflation rose dramatically, escalating from 2.4% per month to a significant economic challenge.
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| 2022 | Argentina started another period of austerity |
| 2022 | The Financial Times started a Cryptofinance newsletter dedicated to digital assets and recruited more journalists to cover the cryptocurrency sector. |
| 2022 | The magazine's name was changed from 'How to Spend It' to 'HTSI'. |
| 2022 | The Financial Times launched FT Edit, a low-price mobile app designed to attract a younger readership demographic. |
| September 2022 | An associated think tank, the Free Market Forum, is founded. |
| September 2022 | Center for New Liberalism completed a full rebranding, officially adopting its new name. |
| September 2022 |
Trickle-down economics
Liz Truss introduces a mini-budget with tax cuts attempting to revive Thatcherite economic policies, which are widely criticized as trickle-down economics
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| May 4 2022 | Convened a meeting with Rafael Quispe to resolve internal alliance conflicts, resulting in a consensus to nominate Yelka Maric as a council candidate after a ten-hour consultation. |
| March 2022 | By early March, Arias was facing a total of fourteen pending legal cases, primarily related to his previous term as minister of public works, including allegations of improper land sales, harassment, corruption, and misuse of public resources. |
| February 2022 | The Institute wrote a controversial paper proposing the privatization of the Moon to eliminate Earth poverty, suggesting dividing lunar land among countries for economic growth through space tourism and exploration. |
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This contents of the box above is based on material from the Wikipedia articles Iván Arias, Financial Times, Adam Smith Institute, Mont Pelerin Society, Austerity, Your Movement, Shock therapy (economics), Progressive Policy Institute, Trickle-down economics, Jorge Quiroga, Free trade, Institute of Economic Affairs & Reaganomics, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.