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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.

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  • 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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    6. 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.
    7. 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.
    8. 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.
    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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