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Latin American Structuralists and Inertial Inflation Theories

Author

Listed:
  • Hugo C. Iasco-Pereira
  • André Roncaglia
  • Marcelo Curado

Abstract

This study aims at to re-examinate the theories of inertial inflation in light of themethodological debates on the determinants of the production of scientific knowledge in orderto understand whether inertialism was a scientific revolution in relation to the macroeconomicparadigm of the first half of the 1980s and/or a continuation of the approach of the1950s structuralists. For that, the study sought to identify a hard core of common theoreticalelements, by reconstituting the debate between monetarists and inertialists in the 1980s as asecond round of the monetarist-structuralist controversy of the 1950s. The results indicatethat inertialism is best placed as an alternative research program to the mainstream of the 1980s, but that it maintains a high degree of originality as a theoretical development fromthe Latin American structuralist approach. JEL Classification: B21, B59, E31.

Suggested Citation

  • Hugo C. Iasco-Pereira & André Roncaglia & Marcelo Curado, 2025. "Latin American Structuralists and Inertial Inflation Theories," Brazilian Journal of Political Economy, Center of Political Economy, vol. 45(1), pages 43-65.
    • Handle: RePEc:ekm:repojs:v:45:y:2025:i:1:p:43-65:id:2490
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    More about this item

    Keywords

    Theories of inertial inflation; Latin American structuralists; history of economic thought;
    All these keywords.

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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