ARGENTINA: BEWARE OF CONVENTIONAL ECONOMISTS AND THEIR PESO PERVERSION
An economy can " function " correctly only if the corresponding society and polity also " function " correctly. By disregarding sociological and political factors, conventional economics, practiced by " professional " economists, has become the art of helping a social minority get or stay rich, while at the same time maintaining the obliviousness and compliance of those on the outside looking in. In the West, conventional economics has not been able to candidly explicate the complex dynamics leading to the triumph of capitalism. Doing so would have implied revealing the privileged position of the "happy few" who own the economy and of the " professional " economists, to their mutual discredit.
Argentina is a country that historically has preferred to happily live beyond its means within an artificial economic bubble full of overvalued pesos, functional for that purpose. Presently that bubble does no longer exist, because exceptional resources have been sold (privatized) and the global financial crisis has dried up the inflow of easy and cheap money. Argentines are no longer " rich ". Thus, Argentina is now in the verge of an inevitable monetary devaluation.
Along with the rest of the world, Argentina needs interdisciplinary economists and other social scientists participating more actively in the elaboration of economic plans. Because economic plans that ignore the sociopolitical context simply do not work.
SocioEconomics - Conventional Economics - Professional Economists - Development - Economic policy - Ideology
Marcelo AFTALION is a former associate professor of Sociology at the University of Buenos Aires, Argentina.
All work published in The International Scope® Review is subject to copyright and may not be reproduced, in whole or in part, in any manner or in any medium - unless written consent is given by The Social Capital Foundation represented by its President, unless the author's name and the one of The International Scope® Review as the first publication medium appear on the work or the excerpt, and unless no charge is made for the copy containing the work or excerpt.
Any demands for obtaining consent for reproduction should be sent to email@example.com
DOWNLOAD (That will display the Acrobat Reader Plug-in in your browser window. to come back to this page , press the BACK button in the toolbar of your browser.)
Copyright © The Social Capital Foundation 1998-2006, All Rights Reserved