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Ricardo López Murphy

Ricardo López Murphy
National Deputy
Assumed office
10 December 2021
ConstituencyCity of Buenos Aires
Minister of Economy
In office
5 March 2001 – 20 March 2001
PresidentFernando de la Rúa
Preceded byJosé Luis Machinea
Succeeded byDomingo Cavallo
Minister of Defense
In office
10 December 1999 – 5 March 2001
PresidentFernando de la Rúa
Preceded byJorge Domínguez
Succeeded byHoracio Jaunarena
Personal details
Born (1951-08-10) August 10, 1951 (age 72)
Adrogué, Argentina
Political partyRadical Civic Union (1983–2002)
Recreate for Growth (2002–2008; 2018–2020)
Autonomist Party (2011)
United Republicans (2020–present)
Other political
Alliance (1999–2001)
Republican Proposal (2005)
Federal Convergence (2008–2011)
Juntos por el Cambio (2021–present)
SpouseNorma Ruiz
Alma materNational University of La Plata
University of Chicago

Ricardo Hipólito López Murphy (born 10 August 1951) is an Argentine economist, academic and politician. He served as Minister of Defense and Minister of Economy during the presidency of Fernando de la Rúa. His time at the helm of the economy portfolio lasted only 15 days, as he was forced to leave office after announcing an unpopular austerity plan.[1] Since 2021, he has been a National Deputy elected in Buenos Aires for the Juntos por el Cambio coalition.[2]

He was chairman of Liberal Network for Latin America, an association of institutions to promote liberalism. Currently, he chairs the think tank Republican Civic Foundation.[3]

Originally a member of the centrist Radical Civic Union (UCR), López Murphy describes himself ideologically as a republican liberal.[4] Since 2020, he has chaired his own political party, United Republicans.

Early years

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López Murphy was born in Adrogué, Buenos Aires Province of Basque and Irish descent. He was named Ricardo after Argentine politician Ricardo Balbín (who was his godfather) and Hipólito after radical president Hipólito Yrigoyen. He attended the National University of La Plata, where he was awarded the title degree in Economics, comprising four years of study in 1975. He then obtained a Master's degree in Economics from the University of Chicago in 1980.

Private sector

In his professional activity he worked as a consultant and economic advisor to companies, international investors and financial institutions in Argentina and Latin America. He was a consultant to the Inter-American Development Bank, World Bank, International Monetary Fund and chief economist of the Latin American Economic Research Foundation.

He received the Konex Prize in 1996.[5]

Minister of Defense

In 1999, he entered politics when he was appointed Minister of Defense as a member of the Radical Civic Union (UCR). He remained in this position until 2001 when he briefly took the position of Minister of Economy in the government of Argentina.[6]

Minister of Economy

López Murphy announces his proposal for fiscal austerity in March 2001.

Enjoying little political support from President, Fernando de la Rúa, he was fired within two weeks after a wave of protest over his proposed fiscal austerity project, by which he sought to prevent the 2001 economic crisis but which sharply cut education spending.[7]


He founded a conservative liberal political party, Recreate for Growth (RECREAR), in 2002, and ran for the presidency in the April 2003 elections, finishing third behind Carlos Menem and Néstor Kirchner, with 16.3% of the popular vote. López Murphy won abroad. He was the favorite of the hundreds of Argentines who voted in the United States, Italy, Great Britain, Spain, Chile, Uruguay and Brazil.[8]

He later teamed with Mauricio Macri in 2005 to create a new center-right coalition called Republican Proposal (PRO), which tacitly supported his unsuccessful second bid to the presidency in the 2007 presidential election. López Murphy did poorly, gaining just 1% of the vote; PRO, however, did somewhat better in provincial and congressional elections, and won the mayoral election in Buenos Aires that year.

He left RECREAR in April 2008, citing differences over party list strategy,[9] and in December established Federal Convergency. He ran for Mayor of Buenos Aires in 2011 on this ticket, but obtained only 1.4% of the vote.[10]

Personal life

López Murphy is married with three children. He is often referred to in the media as "the Bulldog", a nickname he has come to embrace himself.[11][12] He is described as an economist with a graduate degree from the University of Chicago, a militant Catholic and a fan of San Lorenzo de Almagro.[13] He is against decriminalization of drug use, and abortion.[14] He has called himself "an Alem and Alberdi liberal".[15]

I follow the Argentine liberal tradition of [Juan Bautista] Alberdi, [Leandro] Alem and [Marcelo T.] Alvear. I am very proud of that. My ascription to liberal theories is not economic. That is a minor issue. I am part of a philosophical and moral tradition that has to do with defending the division of powers, controlling whoever exercises power, ensuring equality before the law and preventing someone from claiming the project of my happiness. With having the freedom and autonomy to decide my own future. I think it is very bad that the defense of liberal ideas is in charge of economists, because in general they start on the wrong side.

Electoral history


Electoral history of Ricardo López Murphy
Election Office List Votes Result Ref.
Total % P.
2003 President of Argentina Recreate for Growth 3,173,584 16.37% 3rd Not elected [16]
2007 Recreate for Growth 273,406 1.43% 6th Not elected [17]
2011 Chief of Government of Buenos Aires Autonomist Party 24,911 1.40% 8th Not elected [18]


Electoral history of Ricardo López Murphy
Election Office List # District Votes Result Ref.
Total % P.
2005 National Senator Republican Proposal 1 Buenos Aires Province 509,756 7.63% 5th[a] Not elected [19]
2007 National Deputy Recreate for Growth 1 Buenos Aires Province 106,681 1.58% 8th[a] Not elected [20]
2021 National Deputy Juntos por el Cambio 4 City of Buenos Aires 867,044 47.09% 4th[a] Elected [21]
  1. ^ a b c Presented on an electoral list. The data shown represents the share of the vote the entire party/alliance received in that constituency.


  1. ^ "Ricardo López Murphy: "la historia me dio la razón"". Perfil (in Spanish). 14 June 2019. Retrieved 12 December 2021.
  2. ^ "Ricardo López Murphy ocupará el cuarto lugar en la lista definitiva de María Eugenia Vidal". 13 September 2021.
  3. ^ "Ricardo Lopez Murphy". 13 January 2011.
  4. ^ "López Murphy, el liberal que se animó a reírse de sí mismo". 21 March 2004.
  5. ^ University alumnus loses bid for Argentine presidency.
  6. ^ BBC News, 5 March 2001, Argentina: Appointment of Lopez Murphy welcomed
  7. ^ La Nación (3/20/2001) (in Spanish)
  8. ^ "López Murphy ganó en el exterior". 28 April 2003.
  9. ^ "López Murphy se fue de Recrear y un ministro macrista se quedó con el partido". Clarín. 20 April 2008.
  10. ^ "Ciudad de Buenos Aires: Jefe de Gobierno y Vice (2011)". Atlas Electoral de Andy Tow. Archived from the original on 2012-07-09.
  11. ^ Página/12 (1/9/2005) (in Spanish).
  12. ^ La Nación (9/16/2005) (in Spanish)
  13. ^ Escribano, José Claudio (January 2003). "López Murphy, un candidato que crece con vuelo propio". La Nación.
  14. ^ Sued, Gabriel (23 October 2007). "Oposición al aborto de los principales candidatos". La Nación.
  15. ^ "López Murphy: "Frondizi tuvo una voluntad de hierro para cambiar el statu quo"". 14 August 2019.
  16. ^ "Elecciones 2003". (in Spanish). Dirección Nacional Electoral. Retrieved 4 February 2023.
  17. ^ "Elecciones 2007". (in Spanish). Dirección Nacional Electoral. Retrieved 4 February 2023.
  18. ^ "Elecciones 2011". (in Spanish). Tribunal Superior de Justicia de la Ciudad Autónoma de Buenos Aires. Retrieved 4 February 2023.
  19. ^ "Elecciones 2005". (in Spanish). Dirección Nacional Electoral. Retrieved 4 February 2023.
  20. ^ "Elecciones 2007". (in Spanish). Dirección Nacional Electoral. Retrieved 4 February 2023.
  21. ^ "Elecciones 2021". (in Spanish). Dirección Nacional Electoral. Retrieved 4 February 2023.
Political offices Preceded byJorge Domínguez Minister of Defense 1999–2001 Succeeded byHoracio Jaunarena Preceded byJosé Luis Machinea Minister of Economy 2001 Succeeded byDomingo Cavallo
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Ricardo López Murphy
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