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Neoclassical Development Theory and the Prebisch Doctrine: A Synthesis

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  • Linus J. Thomas

Abstract

For his search for an alternative development strategy for less developed countries, the late Argentinean economist Raul Prebisch is widely touted as a revolutionary scholar. This paper demonstrates that Prebisch's views differed little from those of typical neoclassical writers. The paper concludes that, although Prebisch opposed certain canonistic views, no fundamental political differences exist between the two espoused paradigms. Prebisch was no revolutionary but a system reformer at most.

Suggested Citation

  • Linus J. Thomas, 1994. "Neoclassical Development Theory and the Prebisch Doctrine: A Synthesis," The American Economist, Sage Publications, vol. 38(1), pages 75-81, March.
    • Handle: RePEc:sae:amerec:v:38:y:1994:i:1:p:75-81
    DOI: 10.1177/056943459403800110
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    References listed on IDEAS

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    1. Prebisch, Raúl, 1982. "A historical turning point for the Latin American periphery," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    2. Prebisch, Raúl, 1983. "The crisis of capitalism and international trade," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    3. Prebisch, Raúl, 1980. "Towards a theory of change," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    4. Prebisch, Raúl, 1984. "The global crisis of capitalism and its theoretical background," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    5. Prebisch, Raúl, 1985. "The Latin American periphery in the global crisis of capitalism," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
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