In a historical treatment of Mexico beginning with the pre-Revolutionary period and focusing on the administration of Lazaro Cardenas (1934-1940), Nora Hamilton explores the possibilities and limits ...of reform in a capitalist society.
Originally published in 1982.
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Dentro de lo que se ha llamado “populismo económico” en la bibliografía reciente, este artículo analiza el comportamiento e intencionalidad de la política macroeconómica en el periodo presidencial de ...Lázaro Cárdenas (1934-1940). El resultado de esta investigación contradice la visión historiográfica tradicional, la cual establece que las políticas fiscal y monetaria durante ese periodo fueron eminentemente expansionistas, con el fin de financiar el programa económico y social del presidente Cárdenas. Sin embargo, en este estudio se analiza el comportamiento de la política macroeconómica y su efecto en la evolución de la economía, y se demuestra que el gobierno cardenista no fue propiamente expansionista en cuanto a la política fiscal, pues el déficit fue muy pequeño, y la expansión relativa de la política monetaria no sólo fue causada por el banco central, sino también por los bancos comerciales y el público mismo. Por otra parte, se destaca la propia disciplina fiscal que ejerció el gobierno y la reacción macroeconómica ante fluctuaciones externas, particularmente la crisis de 1938. Within the recently called "economic populism" theoretical framework, this article analyses the behaviour and purpose of Lázaro Cárdenas' economic policy during his presidential term (1934-1940). The result of this research is in opposition to the conventional wisdom which states that monetary and fiscal policy was essentially expansionary in order to finance Cárdenas' economic and social program. However, this study considers the behaviour of Mexico's macroeconomic policy and its impact in the economy as a whole, and it is shown that neither Cárdenas' fiscal nor monetary policies were expansionary: the fiscal deficit was very low and the relative expansion of monetary policy was caused by the central bank as well as the commercial banks and the public in general. Moreover, it is clear that the government exercised fiscal discipline and a sound countercyclical economic policy during the crisis of 1938.
Autorul prezintă situația a patru periodice, francmasone, în opinia sa, care au beneficiat de subvenții în perioada 1934-1940: "Viața Românească" (București), "Revista Fundațiilor Regale" ...(București), "Însemnări ieșene" (Iași), "Buletinul Institutului de filologie romînă" din Iași.
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