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The Economy Explained

General Augusto Pinochet took power in Chile following the 1973 coup, and appointed the Chicago Boys to preside over economic affairs. CRIS BOURONCLE/AFP/Getty Images hide caption

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CRIS BOURONCLE/AFP/Getty Images

Chilean President Salvador Allende is pictured here waving to a crowd after his election victory in 1970. General Augusto Pinochet, the man who would replace Allende after a coup, and reverse his socialist policies, is on horseback. (L) STF/AFP/Getty Images hide caption

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STF/AFP/Getty Images

A promotional sale on Nutella was more successful than planned: Customers came to blows trying to get jars of the sweet spread after a grocery chain cut prices by 70 percent. Eric Gaillard/Reuters hide caption

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Eric Gaillard/Reuters