It is nearly 30 years since Rudiger Dornbusch and Sebastian Edwards published a seminal book, The Macroeconomics of Populism. Their conclusion back then was that the economic policies of populist leaders were quintessentially irresponsible. These governments, blinded by an aim to address perceived social injustices, specialised in profligacy, unbothered by budget constraints or whether they might run out of foreign exchange.
自從魯迪格•多恩布希(Rudiger Dornbusch)和塞巴斯蒂安•愛德華茲(Sebastian Edwards)合著了《民粹主義的宏觀經濟學》(The Macroeconomics of Populism)這本開創性著作以來,已過去了近30年。他們當時的結論是,民粹主義領導人的經濟政策典型地不負責任。這些政府糾結於糾正他們眼裏的社會不公這個目標,揮霍財政,對預算紀律或他們有可能耗盡國家外匯的情況毫不在意。
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