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Latin American structuralism and economic theory

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  • Di Filippo, Armando

Abstract

This essay suggests that there is a body of Latin Americanstructuralist economic theory which possesses distinctive characteristicswhile having a family resemblance to other institutionalist schools ofthought, and which is based on an original approach to economic value.The founders of structuralism conceived a systemic, multidimensional anddynamic approach. They applied it to the study of improvements in, and thesocial distribution of, labour productivity generated in the central economiesand the effects of these on the societies of the periphery. This outlookchallenges the notion of markets as self-regulating systems that returnto stable equilibrium positions, presenting them rather as a quantitativeexpression of the national or international power status of contractingparties. Different development styles and processes progressively alter thepower structure of social systems and these changes are reflected in thedynamic of relative market prices.

Suggested Citation

  • Di Filippo, Armando, 2009. "Latin American structuralism and economic theory," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    • Handle: RePEc:ecr:col070:11481
    Note: Includes bibliography
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    File URL: http://repositorio.cepal.org/handle/11362/11481
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    References listed on IDEAS

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    1. Katz, Jorge, 2001. "Structural reforms, productivity and technological change in Latin America," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2277 edited by Eclac.
    2. Paz, Pedro & Sunkel, Osvaldo, 1970. "Subdesarrollo latinoamericano y la teoría del desarrollo," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1604 edited by Siglo Veintiuno.
    3. Ron Martin & Peter Sunley, 1998. "Slow Convergence? The New Endogenous Growth Theory and Regional Development," Economic Geography, Taylor & Francis Journals, vol. 74(3), pages 201-227, July.
    4. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    5. Harcourt,G. C. With contributions by-Name:Cohen,Avi J. With contributions by-Name:Mata,Tiago, 2022. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9781009158152, January.
    6. Ocampo, José Antonio, 1999. "La reforma del Sistema Financiero Internacional: un debate en marcha," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2081 edited by Cepal.
    7. Solow, Robert M, 1988. "Growth Theory and After," American Economic Review, American Economic Association, vol. 78(3), pages 307-317, June.
    8. Frederick Nixson, 2006. "Rethinking the political economy of development: back to basics and beyond," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(7), pages 967-981.
    9. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    1. Raúl Holz Cárcamo, 2013. "Reproduction of the Chilean Peasantry under Neoliberalism," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 2(3), pages 315-343, December.

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