Summary Of "Political Economy Of Liberalism" By Aldo Ferrer

We have summarized the essential of this book by the author.

POLITICAL ECONOMY OF LIBERALISM

Liberalism ran the Argentine economy from national organization until the early 1940s and, beginning in 1955, for brief periods. The main features of the liberal strategy focus on three points:

a) The opening of the Argentine economy and its integration into the world economic system, under the leadership of the industrialized countries.
b) The concentration of income as a tool for accumulation and growth.
c) The maintenance of the state area within the limits compatible with the preservation of the dominant interests.

In this work, the period between the national organization and the world economic crisis of 1930 stands out. Stage that can be denominated like of the exporting primary economy. The decade of the 30s until the beginning of the following one covers a period of the Argentine economy affected by the consequences of the world economic depression and, immediately, by the beginning of the Second World War. Finally, after the fall of the first Peronism in 1955, liberalism resumed the conduct of the economy for several brief periods. Unlike the historical experience of liberalism until the early 1940s, after 1955 its aim was to regain power and redistribute income to its advantage rather than settling its policy on a long-term strategy. On the other hand, from 1955 liberalism entered a crisis regarding its ability to achieve political consensus.

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