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Re: Re: Re: Re: Thanks Brad, was The legacy of Juan Perón

I do not think Amsden's "getting prices wrong" is not applicable to
Peronist Argentina.  The South Korean state and Peron's Argentina, both
intervened in the economy, thus deliberately got prices wrong (as
opposed to getting prices right with well functioning markets).


Amsden's point is not that intervention in the economy to push prices
away from market equilibrium values is good; it is that a
*particular* kind of intervention to push prices away in *particular*
ways is good.

South Korea's GDP per worker relative to the industrial core is much
much higher than it was in 1950. Argentina's is much much lower.


Brad DeLong


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