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Ricardo López Murphy

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Lopez Murphy

Ricardo Hipólito López Murphy (born August 10, 1951) is an Argentine economist-politician born in Adrogue, Province of Buenos Aires. He is the founder of the center-right movement "Recrear", and recently teamed with Mauricio Macri to create a new center-right party called Propuesta Republicana (PRO). He is married with three children.

Murphy attended the Universidad Nacional de La Plata where he received a Bachelor of Economics in 1975. He then went on to get his Master's degree in Economics from the University of Chicago in 1980. His professional career included being a university professor, a consultant and advisor to companies, international investors and financial institutions in Argentina and Latin America, such as the IMF, World Bank, CEPAL, IADB. He also was Chief Economist at the FIEL economic think-tank in Argentina.

In 1999, he entered politics when he was appointed Minister of Defense. He remained in this position until 2001 when he was briefly took the position of Minister of Economy for the Federal Government of Argentina. He was fired after 8 days for presenting a fiscal tightening project aimed at preventing the 2001 economic crisis (having little political support from the president, Fernando de la Rúa). In 2002, he founded his political party RECREAR and was a presidential candidate in 2003, finishing third behind Carlos Menem and Néstor Kirchner, with 16% of the popular vote.

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