Liberty Review América Latina

The Stock Exchange, the State and Economic Development in Mexico, 1932-1976

JAVIER MORENO-LAZARO
REVISTA DE HISTORIA ECONÓMICA / JOURNAL OF IBERIAN AND LATIN AMERICAN ECONOMIC HISTORY 33.2 (2015): 321-350

Abstract: In this article I examine the history of the Mexican Stock Exchange from the end of the Revolution until 1975, under the hypothesis that it did not carry out its pertinent functions in corporate financing but was rather an economic and political instrument of the government. Due to state intervention and the deficient definition of property rights, its functioning was completely anomalous except during this period. The article represents a first step in the study of the role of the stock exchange in Latin American corporatist economic models.

Filed under: Ciencia Política, Economía

Por Qué es Antidemocrática la Secesión

MIKEL ARTETA
REVISTA DE FILOSOFÍA 40.1 (2015): 157-180

Abstract: Trataré de demostrar que la secesión es intrínsecamente antidemocrática. retomaremos los argumentos secesionistas: de aquellos que parten de una idea (errada) de autogobierno y de quienes lo hacen desde el liberalismo. Luego opondremos objeciones a ambos: defendiendo el valor de la igualdad; desmontando reivindicaciones instrumentales de homogeneidad interna; retomando las objeciones ya clásicas de Buchanan; y, finalmente, recomponiendo, con Habermas y Pogge, un concepto de autogobierno del cual derivaremos que no es legítimo trazar más fronteras y que la democracia demandaría eliminarlas, si fuera posible.

Filed under: Filosofía

La Tolerancia Liberal en la Obra de John Rawls y de Friedrich A. Hayek

PALOMA DE LA NUEZ
ISEGORÍA 51 (2014): 649-670

Abstract: En la discusión actual sobre la tolerancia, la teoría política liberal predominante sigue muy ligada a los argumentos que ya se esgrimieron en el pasado en la discusión sobre la tolerancia religiosa. Como el desarrollo de la misma fue una de las raíces del liberalismo, muchos autores liberales asumen que la separación Iglesia/Estado proporciona el paradigma para abordar hoy otro tipo de diferencias. Read the rest of this entry »

Filed under: Filosofía, Teoría Política

Tracing the Reversal of Fortune in the Americas: Bolivian GDP Per Capita since the Mid-nineteenth Century

ALFONSO HERRANZ-LONCÁN, JOSÉ ALEJANDRO PERES-CAJÍAS
CLIOMETRICA (2015). ADVANCED ONLINE PUBLICATION. DOI
10.1007/s11698-015-0125-2

Abstract: In the centuries before the Spanish conquest, the Bolivian space was among the most highly urbanized and complex societies in the Americas. In contrast, in the early twenty-first century, Bolivia is one of the poorest economies on the continent. According to Acemoglu et al. (Q J Econ 117(4):1231–1294, 2002), this disparity between precolonial opulence and current poverty would make Bolivia a perfect example of “reversal of fortune” (RF). This hypothesis, however, has been criticized for oversimplifying long-term development processes by “compressing” history (Austin in J Int Dev 20:996–1027, 2008). Read the rest of this entry »

Filed under: Economía, Historia

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

América Latina Archive

Recent Posts: Liberty Review

Conduct, Rules and the Origins of Institutions

VERNON SMITH JOURNAL OF INSTITUTIONAL ECONOMICS 11.3 (2015): 491-483 Abstract: This paper supports the effort by Hindriks and Guala (2014) to integrate the prevailing accounts of institutions. Vernon Smith illustrates with traffic narratives how we can think of their concept of rules-in-equilibrium as evolving from universal elementary forms. These conceptions resonate fully with Adam Smith (1759) […]

Garbage In, Garbage Out? Some Micro Sources of Macro Errors

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Tocqueville on Religion, the Enlightenment, and the Democratic Soul

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A Re-examination of the Impact of the UK National Minimum Wage on Employment

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Why Democracies Outgrow Autocracies in the Long Run: Civil Liberties, Information Flows and Technological Change

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How Disgust Influences Health Purity Attitudes

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From Mixed Economy to Entangled Political Economy: a Paretian Social-Theoretic Orientation

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