The interplay of ideas and policies is central to understanding the historical evolution of economies. Ideas shape economic institutions and real economic constraints are the source of new economic ideas.
The history of economic ideas, both those that are fairly recent and those that are considerably older, may provide a fertile ground for new approaches to Latin American and Caribbean economic development. However, the history of economic ideas and their intricate relation to economic policies remains a relatively unexplored field in Latin American and Caribbean studies. This book is a valuable new contribution to this emerging literature.
Introduction 1. Half a Century of Terms of Trade Controversies 2. Aspects of the Terms of Trade Controversy in Mexican History of Economic Thought 3. Strategies of ‘Industrialization by Invitation’ in the Caribbean 4. Exchange Rate Regimes from a Latin American Analytical Perspective 5. Economic Ideas and Policies in Historical Perspective: Cairú and Hamilton on Trade and Finance 6. Raúl Prebisch Before and After ECLAC and UNCTAD 7. Anglo-Saxon Structuralism versus Latin American Structuralism: Latin American Development Thought in Comparative Perspective 8. Shifting Developmental Paradigms in Latin America: Is Neoliberalismo History? 9. Celso Furtado and Economic Development 10. Reflections on Structuralism 11. Structural-inertial Inflation Revisited