UNIVERSIDAD DEL CEMA Buenos Aires Argentina Serie DOCUMENTOS DE TRABAJO Área: Historia y Economía THE POPULIST ECONOMIC POLICY PARADIGM: EARLY PERONISM AS AN ARCHETYPE Emilio Ocampo Junio 2020 Nro. 731 www.cema.edu.ar/publicaciones/doc_trabajo.html UCEMA: Av. Córdoba 374, C1054AAP Buenos Aires, Argentina ISSN 1668-4575 (impreso), ISSN 1668-4583 (en línea) Editor: Jorge M. Streb; asistente editorial: Valeria Dowding <
[email protected]> The Populist Economic Policy Paradigm: Early Peronism as an Archetype Emilio Ocampo1 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. JEL Codes: B00, B29, E60, E65, N14, N16, O23, P40, P47.