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The Populist Economic Policy Paradigm: Early Peronism as an Archetype

Emilio Ocampo

No 731, CEMA Working Papers: Serie Documentos de Trabajo. from Universidad del CEMA

Abstract: Before Hugo Chavez burst into the political scene in Venezuela, Argentina’s Juan Perón (1895- 1974) was considered the quintessential Latin American populist leader. He ruled Argentina from mid 1943 until September 1955 and between 1973 and 1974 and his political party has been in power two thirds of the time since the reestablishment of democracy in 1983. Perón’s economic policies between 1946 and 1949 are also considered archetypical. The Peronist economic policy paradigm (PEPP) emphasized income redistribution and a fiscally induced expansion of aggregate demand at the expense of productivity and allocative efficiency. Although the ideological roots of Peronism can be directly traced back to Fascism, when it came to his economic policies, Perón claimed to have been inspired by FDR’s New Deal and Keynes’s General Theory. However, in mosts respects, in their early stage, Peronist economic policies resemble more those proposed by Sir Oswald Mosley (1896-1980) in 1930. This paper describes the PEPP, its implementation and results and evaluates several hypothesis regarding its intellectual roots.

Keywords: Peronism; Fascism; Economic Policy; Argentina (search for similar items in EconPapers)
JEL-codes: B00 B29 E60 E65 N14 N16 O23 P40 P47 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2020-06
New Economics Papers: this item is included in nep-his, nep-hpe, nep-mac, nep-pke and nep-pol
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Persistent link: https://EconPapers.repec.org/RePEc:cem:doctra:731

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