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Recent research in economic history recasts the debate on economic policy in postwar Argentina. It demonstrates that the highly partisan writings on recent economic history and neoliberal prescriptions for economic reform have relied on an incomplete and therefore distorted understanding of the policies undertaken in the decades before the neoliberal reforms. An analysis of the inner workings of the country's banking system in these years provides a new historical precision to debates on the relationship between economic variables and political instability in the postwar years.

The March 1976 coup that overthrew a turbulent Peronist government in Argentina also ended one of the few experiments with worker control of industry in Latin American history. For nearly three years, the Buenos Aires local of the country's strong light and power workers' union, the Sindicato de Luz y Fuerza, administered the great public utility SEGBA (Servicios Eléctricos del Gran Buenos Aires), provider of electric power for the capital city and much of the province of Buenos Aires. This experiment with worker control was all the more noteworthy because it was not undertaken by the maverick Cordoban local of Luz y Fuerza, led by Agustín Tosco, principal spokesman within the labor movement for socialism. Rather, the initiative was taken by a bastion of traditional Peronist trade unionism led by Juan José Taccone, the implacable foe of Tosco'sclasistapositions.