Liberty Review América Latina

Pre-Independence Spanish Americans: Poor, Short and Unequal…Or the Opposite?

RAFAEL DOBADO-GONZÁLEZ
REVISTA DE HISTORIA ECONÓMICA/JOURNAL OF IBERIAN AND LATIN AMERICAN ECONOMIC HISTORY (2015). ADVANCED ONLINE PUBLICATION. DOI: 10.1017/S0212610914000135

Abstract: This paper attempts to establish a debate between alternative views of living standards in Spanish America during the viceregal period. Since 2009, a growing literature has shared a «common language» based on a similar, though not identical, methodology. As never before, this «new generation» of studies is built upon long series of quantitative data and international comparisons of nominal wages and prices which, in some cases, cover the whole Early Modern Era. Read the rest of this entry »

Filed under: Historia

Latin American Inequality: Colonial Origins, Commodity Booms, or a Missed 20th Century Leveling?

JEFFREY G. WILLIAMSON
NBER WORKING PAPER NO. 20915 (January 2015)

Abstract: Most analysts of the modern Latin American economy have held the pessimistic belief in historical persistence — they believe that Latin America has always had very high levels of inequality, and that it’s the Iberian colonists’ fault. Thus, modern analysts see today a more unequal Latin America compared with Asia and most rich post-industrial nations and assume that this must always have been true. Read the rest of this entry »

Filed under: Economía

Is Entrepreneurship a Channel of Social Mobility in Latin America?

FRANCESCA CASTELLANI, EDUARDO LORA
LATIN AMERICAN JOURNAL OF ECONOMICS 51.2 (2014): 179-194

This paper summarizes the findings in this special issue of the Latin American Journal of Economics on entrepreneurship’s role in upward social mobility in Latin America, especially for the middle class, often considered the cradle of entrepreneurship. Read the rest of this entry »

Filed under: Economía

A Proposal of Monetary Reform for Argentina: Flexible Dollarization and Free Banking

NICOLÁS CACHANOSKY, ADRIÁN RAVIER
THE INDEPENDENT INSTITUTE 19.3 (2015): 397-426

Argentina’s economy and monetary institutions are, once again, experiencing a serious crisis. In this article, the authors propose a monetary reform for Argentina that consists of flexible dollarization plus a free banking regime. Read the rest of this entry »

Filed under: Economía

El Crédito y la Libertad Bancaria en un Régimen de Reserva Fraccionaria

ALEJANDRO N. SALA
REVISTA DE INSTITUCIONES, IDEAS Y MERCADOS 60 (2014): 5-31

En relación al régimen crediticio, en la Escuela Austríaca de Economía hay dos grandes posturas: la que defiende un encaje o Reserva total, del cien por ciento, y la que prefiere un encaje o reserva fraccionaria. Read the rest of this entry »

Filed under: Economía

The Political Economy of Policy Volatility in Latin America

DAVID DOYLE
LATIN AMERICAN POLITICS AND SOCIETY (2014). ADVANCED ONLINE PUBLICATION DOI: 10.1111/j.1548-2456.2014.00246.x

Abstract: Why are some Latin American states plagued by persistent policy volatility while the policies of others remain relatively stable? This article explores the political economy of natural resource rents and policy volatility across Latin America. Read the rest of this entry »

Filed under: Ciencia Política, Economía

América Latina Archive

Recent Posts: Liberty Review

What Do Recent Trends in Economic Freedom of the World Really Tell Us?

RYAN H. MURPHY ECONOMICS AFFAIRS 35.1 (2015): 138-150 The decline in economic freedom since 2000, as measure by the Economic Freedom of the World index (EFW), is well known to proponents of free markets. However, close scrutiny of the data demonstrates that the reasons for this fall are not what the standard narratives imply.

The Moral Narratives of Economists

ANTHONY RANDAZZO AND JONATHAN HAIDT ECON JOURNAL WATCH 12.1 (2015): 49-57 Abstract: Moral narratives have a substantive effect on the research conclusions of economists. This is one of the findings from a recent survey of economists that we conducted, which found a relationship between views on empirical economic propositions and moral judgments. This finding may help […]

Implications of Machlup’s Interpretation of Mises’s Epistemology

GABRIEL J. ZANOTTI, NICOLÁS CACHANOSKY JOURNAL OF THE HISTORY OF ECONOMIC THOUGHT 37.1 (2015): 111-138 Abstract: We argue that Fritz Machlup’s (1995) interpretation of Mises’s epistemology is at least as, if not more, plausible than Murray N. Rothbard’s (1957) interpretation. The implications of Machlup’s interpretation of Mises and of Austrian epistemology affect Austrians and non-Austrians in […]

Hayek The Apriorist?

SCOTT SCHEALL JOURNAL OF THE HISTORY OF ECONOMIC THOUGHT 37.1 (2015): 87-110 Abstract: The paper argues that Terence Hutchison’s (1981) argument that the young F. A. Hayek maintained a methodological position markedly similar to that of Ludwig von Mises fails to support the relevant conclusion.

Monetary Equilibrium

JOSHUA R. HENDRICKSON THE REVIEW OF AUSTRIAN ECONOMICS 28.1 (2015): 53-73 Abstract: One implication of the concept of monetary equilibrium is that the money supply should vary with money demand. In a recent paper, Bagus and Howden (Rev Austrian Econ 24:383–402, 2011) argue that this conclusion is predicated on the assumption of price stickiness. The […]

The Impossibility of Pure Libertarianism

MATTHEW BRAHAM, MARTIN VAN HESS THE JOURNAL OF PHILOSOPHY 111.8 (2014): 420-436 Abstract: In its simplest and most abstract form, libertarianism is a theory of political and economic organization which states that once a set of basic rights has been defined and allocated (“self-ownership” in particular), any distribution of resources, goods, and welfare that arises […]

The Constitution of Economic Liberty in Hong Kong

ERIC C. LP CONSTITUTIONAL POLITICAL ECONOMY (2015). ADVANCED ONLINE PUBLICATION. DOI 10.1007/s10602-015-9187-1 Abstract: The constitutional foundations of economic liberty in Hong Kong, the freest economy in the world according to many, are little understood. So as the perceived spread of collusion, cronyism, and corruption in the territory ever since the 1997 transfer of sovereignty despite China’s promises […]

On Okin’s Critique of Libertarianism

DANIEL J. HICKS CANADIAN JOURNAL OF PHILOSOPHY (2015). ADVANCED ONLINE PUBLICATION. DOI:10.1080/00455091.2014.996118 Abstract: Susan Moller Okin’s critique of libertarianism in Justice, Gender, and the Family has received only slight attention in the libertarian literature. I find this neglect of Okin’s argument surprising: The argument is straightforward and, if sound, it establishes a devastating conflict between the core […]

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