1st Edition

A History of Colombian Economic Thought The Economic Ideas that Built Modern Colombia

Edited By Andrés Álvarez, Jimena Hurtado Copyright 2024
    294 Pages 23 B/W Illustrations
    by Routledge

    Ever since the quest for independence between 1810 and 1819, economic thought in Colombia has been shaped by policy debates and characterized by a pragmatic and eclectic approach. Economic thought in Colombia can only be revealed through the exploration of economists’ practices and the role of economic arguments within broader public debate. This history of Colombian economic thought provides a detailed account of major issues that have marked the constant feedback between economic ideas and economic practice in Colombia during the 19th and 20th centuries. This volume is thus a history of the interaction between ideas and policy. Those involved in these debates – politicians, public officials, journalists, and, latterly, professional economists – established direct contact with what can be identified as the centers of production of economic theory (both in Europe and the US) and entered regional and local networks in economics, but were not just importers of ideas or theories. The way in which they read, discussed, transformed and applied economic theories in Colombia makes for a rich environment for the production and implementation of economic policies that drew, diverged and transformed the way economics was understood and used as a source of knowledge for practical concerns. This is why the history of Colombian economic thought does not fit into traditional typologies of economic schools and why it must be understood as part of a political debate and within a political, social and cultural context that demanded specific solutions to urgent social demands. Through the study of what was taught, when and how, at the beginnings of the republican era, and why and how professional economists came to lead public debate and economic policy making in the 20th century, this book explores the foundations of this permanent interaction between theory and practice. This book will be of significant interest to readers of history of economic thought, economic history and the history of Colombian and Latin American economic, political and social life more broadly.

    Part 1. The Long First Century of a Nascent Republic.

    Chapter 1.1. Teaching Political Economy in the awakening of a Modern Republic: Colombia 1825-1885.

    Andrés Álvarez, Jimena Hurtado, Sofía Meléndez.

    Chapter 1.2. Revolutionaries, Conservatives, and Reformists. The Political Economy of Debasement and Recoinage in New Granada 1780-1821.

    James V. Torres.

    Chapter 1.3. Rhetoric and Practice: Protectionism and Free Trade in the Second Half of the XIXth Century.

    Edna Carolina Sastoque.

    Chapter 1.4. The role of economic thought in the administration of justice in Colombia in the second half of the 19th century.

    Claudia M. Pico, Edna C. Sastoque, Luís Sandoval.

    Chapter 1.5. Fiscal reform and the origins of social spending in Colombia 1850-1886.

    Edwin López-Rivera

    Chapter 1.6. Overtones of a Novel Political Philosophy: Mariano Ospina Perez and Catholic Social Thought in the Rise of Public Banking in the 1930s.

    Carlos A. Brando.

    Part 2. The Short 20th Century

    Chapter 2.1. Becoming Economic Experts: Philanthropic Foundations and the Internationalization of Economics in Colombia during the 1960s

    Andrés M. Guiot-Isaac.

    Chapter 2.2. Employment missions in Colombia: discovering informality, 1949-1985.

    Andrés Álvarez, Sofía Meléndez, Ricardo Peña, Marta Juanita Villaveces.

    Chapter 2.3. The failed cepalino connection in Colombian Economic Thinking.

    Juan Carlos Villamizar.

    Chapter 2.4. Between the Hedgehog and the Fox: The Birth of Colombian Economic Historiography, 1942-1955.

    Adolfo Meisel

    Chapter 2.5. Towards the Professionalization of Economics in Colombia 1934-1990: a Crossroads of Different Paradigms.

    Salomón Kalmanovitz.

    Chapter 2.6 100 years of Economics at the Board of the Banco de la República.

    Ricardo Salas

    Chapter 2.7 A Mere Guest? The Slow Process of Women's Participation in Top Decision-Making Positions (1950-2000)

    Marta Juanita Villaveces, Ricardo Salas, Pilar Torres-Alvarado


    Andrés Álvarez, Universidad de los Andes, Colombia

    Jimena Hurtado, Universidad de los Andes, Colombia