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Thanks Brad, was The legacy of Juan Perón


>>> delong@xxxxxxxxxxxxxxxxx 09/15/00 09:11AM >>>
>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.


((((((((((((((((

CB: Did the U.S. consider dictatorship in S. Korea beneficent because they did their economy right ?  Sort of like Chile under Pinochet ?
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