Economic Populism in Latin America. Historical Experience or Ideological Construction?

This article proposes a critical analysis of Dornbush's and Edwards' theory of the economic populism and of the historical cycle of the populist economy. The text revels the consistency of this theoretical production, asks about its capacity to explain the Latin America's history and tries to reveal its limits and its historical uses. Based on the study of the economic policy of the historical populism, the article suggests some elements to criticize of this paradigm and shows that it is more an ideological construction looking for disqualify the political projects that disregard the neoliberal economic policy.