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Center and Periphery: An Original Institutional Economics Analysis of Raúl Prebisch’s Structuralism

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  • Natalia Bracarense

Abstract

The present article focuses on Raúl Prebisch’s center and periphery framework, connecting his early, mid-career, and later work to cast a different light on one of his most enduring contributions. Using an original institutional economics approach, the article shows that Prebisch held a structuralist perspective throughout his career, but while early on he maintained a standard structuralist position, by the 1960s Prebisch embraced a less rigid version of structuralism, understanding the relationship between center and periphery through a multi-layered analysis. A movement in such direction enriches economic theory, creating a dynamic framework that views social, economic, and political transformation as a result of interactive actions (Lawson [1997]. Economics and Reality. London: Routledge) between agents and structures.

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  • Natalia Bracarense, 2024. "Center and Periphery: An Original Institutional Economics Analysis of Raúl Prebisch’s Structuralism," Review of Political Economy, Taylor & Francis Journals, vol. 36(2), pages 702-721, April.
    • Handle: RePEc:taf:revpoe:v:36:y:2024:i:2:p:702-721
    DOI: 10.1080/09538259.2022.2062960
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