The Implementation of the Austrian School of Economics in Argentina: Javier Milei's Concept of Freedom and the Role of the State

This study examines the implementation of Austrian School economic principles in Argentina under the vision of economist and politician Javier Milei. Utilizing qualitative and comparative methodologies, the paper analyzes Milei's advocacy for minimal government intervention, free market policies, and the abolition of the central bank. Key findings reveal that Milei’s proposals align with Austrian economics' emphasis on market freedom and scepticism of state roles, yet they represent a radical adaptation to Argentina’s economic crises, including inflation, debt, and welfare dependency. The research identifies practical challenges, such as socio-political resistance and inequality risks, suggesting that modified, gradual reforms may balance economic efficiency with social stability. These insights contribute to understanding the feasibility and socio-economic implications of Austrian-inspired policies in Argentina

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Publication Details

Journal
East African Journal of Business and Economics
Published
2024-12-03
DOI
https://doi.org/10.37284/eajbe.7.2.2479
Citations
4
Primary Topic
Political Economy and Marxism
Type
article
Field-Weighted Citation Impact
4.53
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article

The Implementation of the Austrian School of Economics in Argentina: Javier Milei's Concept of Freedom and the Role of the State

Enrico Moch
4 citations
East African Journal of Business and Economics
Political Economy and Marxism
4.53
article

The Implementation of the Austrian School of Economics in Argentina: Javier Milei's Concept of Freedom and the Role of the State

Enrico Moch
article en
4 citations

Abstract

This study examines the implementation of Austrian School economic principles in Argentina under the vision of economist and politician Javier Milei. Utilizing qualitative and comparative methodologies, the paper analyzes Milei's advocacy for minimal government intervention, free market policies, and the abolition of the central bank. Key findings reveal that Milei’s proposals align with Austrian economics' emphasis on market freedom and scepticism of state roles, yet they represent a radical adaptation to Argentina’s economic crises, including inflation, debt, and welfare dependency. The research identifies practical challenges, such as socio-political resistance and inequality risks, suggesting that modified, gradual reforms may balance economic efficiency with social stability. These insights contribute to understanding the feasibility and socio-economic implications of Austrian-inspired policies in Argentina

East African Journal of Business and EconomicsVol. 7(2)
Institute of Technology of Cambodia (KH)
Reduced inequalities
Openalex Percentile: Top 5%
Political Economy and Marxism
4.53
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