Populism and Modern Monetary Theory: Exploring the Rise of Milei in Argentina

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Can Cinar (Department of International Politics - City, University of London, UK)

Populism and Modern Monetary Theory

Exploring the Rise of Milei in Argentina

Can Cinar (Department of International Politics - City, University of London, UK)

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English

Routledge
06 August 2025

Regional studies; Hispanic & Latino studies; Economic theory & philosophy; Monetary economics; Political economy

Series: Routledge Frontiers of Political Economy

Centred on Javier Milei’s recent ascent, this book explores the cyclical nature of Argentina's economic crises and the corresponding rise of populist leaders. It argues that populism represents a revolutionary stance that should be reclaimed by progressive movements, examining the relationship between financial turbulence and populist allure through the lens of heterodox economics, particularly Modern Monetary Theory. It also provides a fresh re-reading of Argentine history leading up to Milei’s presidency, using post-Keynesian framework to analyse the complex interplay between fiscal policies and political ideologies.

The book demonstrates how Modern Monetary Theory can theoretically justify expansive fiscal policies central to populist platforms, enriching debates about the economic viability of populist governance. Milei's unique blend of heterodox economic policies and populist rhetoric, characterised by deregulation, privatization, and radical reductions in government spending, presents a crucial juncture for examining intersections between economic principles and populist mechanics. Integrating economic theory, historical context, and political analysis, this work contributes to political economy, heterodox economics, and Latin American studies.

By: Can Cinar (Department of International Politics - City University of London UK)
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 410g
ISBN: 9781032961033
ISBN 10: 1032961031
Series: Routledge Frontiers of Political Economy
Pages: 128
Publication Date: 06 August 2025
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Active

1. Setting the Stage: Milei, Populism and Argentina’s Crisis 2. Deconstructing Populism 3. Sovereignty, Dependency, and the Populist Impulse: A Brief History of Argentina 4. Diagnosing Argentina's Malaise 5. Inflation and The Real Resource Solution 6. Rethinking Economics in Populist Times

Can Cinar, PhD, is a Lecturer in International Political Economy at City, University of London. His research focuses on debt, populism, refugee economies, and heterodox economics, particularly Modern Monetary Theory. He completed his PhD at the University of Otago, analysing Argentina's historical economic crises through a post-Keynesian lens, which was examined and praised by Prof William Mitchell and Prof Fadhel Kaboub. Can has published articles on refugee economies and debt exclusion, contributed to scholarly discussions on populism and economic governance, and presented his research internationally.