I am a professor at School of Political Science, Diego Portales University in Santiago, Chile. I obtained my PhD from the University of Cologne and the Max Planck Institute for the Study of Societies in 2015. 

My work deals with the the political economy of development, particularly the role of business and institutions. I have done research on several topics including monetary policy, industrial policy, skills formation, environmental policy and clean energy. I focus mostly on Latin America, but have also done comparative work with other regions like Eastern Europe.

I co-edit (with Juan Bogliaccini and Sara Niedzwiecki) Palgrave's Latin American Political Economy book series.

Contact: aldo.madariaga@mail.udp.cl


Neoliberal Resilience. Lessons in Democracy and Development from Latin America and Eastern Europe Princeton University Press, 2020

Since the 1980s, neoliberalism has withstood repeated economic shocks and financial crises to become the hegemonic economic policy worldwide. Why has neoliberalism remained so resilient? What is the relationship between this resiliency and the backsliding of Western democracy? Can democracy survive an increasingly authoritarian neoliberal capitalism? Neoliberal Resilience answers these questions by bringing the developing world’s recent history to the forefront of our thinking about democratic capitalism’s future.

Looking at four decades of change in four countries once considered to be leading examples of effective neoliberal policy in Latin America and Eastern Europe—Argentina, Chile, Estonia, and Poland—I  examine the domestic actors and institutions responsible for defending neoliberalism. Delving into neoliberalism’s political power, Neoliberal Resilience demonstrates that it is strongest in countries where traditional democratic principles have been slowly and purposefully weakened. He identifies three mechanisms through which coalitions of political, institutional, and financial forces have propagated neoliberalism’s success: the privatization of state companies to create a supporting business class, the use of political institutions to block the representation of alternatives in congress, and the constitutionalization of key economic policies to shield them from partisan influence. Madariaga reflects on today’s most pressing issues, including the influence of increasing austerity measures and the rise of populism.

A comparative exploration of political economics at the peripheries of global capitalism, Neoliberal Resilience investigates the tensions between neoliberalism’s longevity and democracy’s gradual decline.


"A significant contribution to the field of comparative political economy. This is a fascinating read."—Eduardo Silva, author of Challenging Neoliberalism in Latin America

"Neoliberal Resilience is a very important addition to the lively debate on the political economy of neoliberalism. This book deserves to be read widely."—Jerome Roos, author of Why Not Default?: The Political Economy of Sovereign Debt

"This sophisticated book is indispensable for students of politics and for those wishing neoliberal countries a different political future."—Wolfgang Streeck, Max Planck Institute for the Study of Societies

"With a spot-on focus on the American and European periphery, laboratories of most radical forms of neoliberalism, this masterfully argued work will inform debates in the years to come."—Dorothee Bohle, European University Institute


Bogliaccini, J. and A. Madariaga (2020). “Varieties of Skills Profiles in Latin America: a reassessment of the hierarchical model of capitalism”, Journal of Latin American Studies. Advanced online access. ​DOI: https://doi.org/10.1017/S0022216X20000322

Madariaga, A. and M. Allain (2020). “Contingent Coalitions in Environmental Policymaking: How Civil Society Organizations Influenced the Chilean Renewable Energy Boom”, Policy Studies Journal, 48(3): 672–699. DOI: 10.1111/psj.12298

Madariaga, A. and C. Rovira Kaltwasser (2020). “Right-wing Moderation, Left-wing Inertia and Cartelisation in Post-Transition Chile”, Journal of Latin American Studies. 52(2): 343–371. DOI: 10.1017/S0022216X19000932

Allain, M. and A. Madariaga (2020). “Understanding Policy Change Through Bricolage: The case of Chile’s Renewable Energy Policy”, Governance. 33(3): 675–692. DOI: 10.1111/gove.12453


Madariaga, A. (2020). “The three pillars of neoliberalism: Chile's economic policy trajectory in comparative perspective”. Contemporary Politics, 26(3): 308–329.  DOI:10.1080/13569775.2020.1735021

Madariaga, A. (2019). “The Politics of Neoliberalism (in Europe's Periphery)” Comparative European Politics 17(5), 797-811. DOI: 10.1057/s41295-018-0150-1

Madariaga, A. (2019). “From Green Laggard to Regional Leader: The Development of Environmental Policy in Chile", Bulletin of Latin American Research, 38(4): 453–470. DOI: 10.1111/blar.12841

Madariaga, A. (2019). "El resurgimiento de la economía política en la ciencia política actual", Revista de Economía Institucional, 21(41): 21–50. DOI: 10.18601/01245996.v21n41.02

Bril-Mascarenhas, T. and A. Madariaga (2019). “Business power and the minimal state: the defeat of industrial policy in Chile”, The Journal of Development Studies, 55(6): 1047-1066. DOI: 10.1080/00220388.2018.1423791

Madariaga, A. (2018). “Variedades de capitalismo y sus contribuciones al estudio del desarrollo en América Latina” Política y Gobierno, 25(2): 441-468. DOI: link

Madariaga, A. (2017). "Mechanisms of neoliberal resilience: comparing exchange rates and industrial policy in Chile and Estonia", Socio-Economic Review, 15 (3): 637-660. DOI: 10.1093/ser/mww015


Madariaga, A. (2020). Neoliberal Resilience. Lessons in Democracy and Development from Latin America and Eastern Europe, Princeton University Press.

González, F. and A. Madariaga (Eds.) (2018). La constitución social, política y moral de la economía chilena, Santiago: RIL Editores/ Universidad Central.

Cecchini, Simone and A. Madariaga (2012). Programas de transferencias condicionadas: balance de la experiencia reciente en América Latina y el Caribe, Santiago, Comisión Económica para América Latina y el Caribe (CEPAL) – Naciones Unidas. 


Bogliaccini, J. and A. Madariaga (2018). "Educación para el trabajo y formación de competencias: ¿potenciando la equidad social y el desarrollo?" In: Políticas Públicas para la equidad social (Pablo Rivera-Vargas, Judith Muñoz-Saavedra, Rommy Morales-Olivares y Stefanie Butendieck-Hijerra, eds.), Santiago de Chile: Colección Políticas Públicas, Universidad de Santiago de Chile. Pp. 287-298.

González, Felipe and A. Madariaga (2018). “Introducción. Des-economizar los mercados, socializar los estudios de la economía”. In: La constitución social, política y moral de la economía chilena (González, F, y Madariaga, A. eds.), Santiago: RIL Editores/ Universidad Central. Pp. 9-39.

Madariaga, A. and E. Gladina (2018). “El cambio de paradigma en la política energética chilena”. In: La constitución social, política y moral de la economía chilena, (González, F, y Madariaga, A. eds.), Santiago: RIL Editores/ Universidad Central. Pp. 385-408.


Madariaga, A. (2019). "La Continuidad del Neoliberalismo en Chile: ideas, instituciones e intereses" Revista de Estudos e Pesquisas sobre as Américas 13(2): 81–113.

Madariaga, A. and S. Palestini (2019). “La influencia global de Dependencia y Desarrollo en América Latina” Cuadernos de Teoría Social, 5(9), 74–89.

González, Felipe and Madariaga, A. (2019). “Economic sociology, political economy and Latin American capitalism. Quo vadis?”, Economic Sociology – The European Electronic Newsletter 20 (3): 1-5. 

González, Felipe and A. Madariaga (2019). “Markets, market dynamics and market creation in Latin America”, Economic Sociology – The European Electronic Newsletter 20 (2): 1-5.

González, Felipe and A. Madariaga (2018). “Is there a Latin American economic sociology?”, Economic Sociology – The European Electronic Newsletter 20 (1): 1-10.

Eberhard, P., Moraga, G., Nun, E. and Madariaga, A. (2017). "The On-the-job training decision in Latin America", Working Paper IDB-WP-772, Washington, DC: Inter-American Development Bank.

Madariaga, A. (2017). "Die Erstaunliche Resilienz des Neoliberalismus. Kapitalismus, Demokratie und Entwicklung in Lateinamerika und Osteuropa" MPIfG Jahrbuch 2017-2018, Köln: Max-Planck-Institut für Gesellschaftsforschung, Pp. 75-80.

Madariaga, A. (2013). “Continuity and Change in Neoliberal ‘Success Stories’: Developmental Regimes in Chile and Estonia” MPIfG Discussion Paper 13/10, Max Planck Institute for the Study of Societies, Colonia.





Ejército 333


Blades of Grass




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