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

The Basic-Income Debate

SYMPOSIUM: THE BASIC INCOME DEBATE. DAVID R. HENDERSON, MICHAEL C. MUNGER, MATT ZWOLINSKY, ROBERT M. WHAPLES THE INDEPENDENT REVIEW 19.4 (2015) Basic-income guarantees or negative income taxes have been debated for decades, but a new group of advocates—some calling themselves libertarian—has rekindled the discussion. The Independent Review’s Spring 2015 symposium offers conflicting perspectives on this controversial […]

How Effective Is the Minimum Wage at Supporting the Poor?

THOMAS MaCURDY JOURNAL OF POLITICAL ECONOMY 123.2 (2015): 497-545 Abstract: This study investigated the antipoverty efficacy of minimum wage policies. Proponents of these policies contend that employment impacts are negligible and suggest that consumers pay for higher labor costs through imperceptible increases in goods prices. Adopting this empirical scenario, the analysis demonstrates that an increase in […]

On Distinguishing Publicly Justified Polities from Modus Vivendi Regimes

KEVIN VALLIER SOCIAL THEORY AND PRACTICE 41.2 (2015): 207-229 Abstract: This essay develops a novel account of the distinction between a publicly justified polity and modus vivendi regimes by appealing to the ideal of congruence in public reason liberalism. A fully publicly justified polity is one whose laws are supported by congruent “first-personal” and “second-personal” moral […]

Putting Distribution Back at the Center of Economics: Reflections on Capital in the Twenty-First Century

THOMAS PIKETTY THE JOURNAL OF ECONOMIC PERSPECTIVES 29.1 (2015): 67-88 Abstract: When a lengthy book is widely discussed in academic circles and the popular media, it is probably inevitable that the arguments of the book will be simplified in the telling and retelling. In the case of my book Capital in the Twenty-First Century (2014), a […]

Incompatible Institutions: Socialism Versus Constitutionalism in India

SHRUTI RAJAGOPALAN CONSTITUTIONAL POLITICAL ECONOMY (2015). ADVANCED ONLINE PUBLICATION. DOI 10.1007/s10602-015-9188-0 Abstract: There has been a decline in rule of law in India, reflected in the frequent amendments to the Indian Constitution. This paper analyzes the historical, ideological, and economic context for constitutional amendments to understand the reason for the deterioration of constitutionalism in India.

Partial Fiscal Decentralization and Sub-National Government Fiscal Discipline: Empirical Evidence from OECD Countries

ZAREH ASATRYAN, LARS P. FELD, BENNY GEYS PUBLIC CHOICE (2015). ADVANCED ONLINE PUBLICATION. DOI10.1007/s11127-015-0250-2 Abstract: Recent theoretical research suggests that financing sub-national governments’ expenditure out of own revenue sources is linked to more responsible budgeting, because the financial implications of spending decisions then are internalized within a jurisdiction. We test this proposition empirically on a sample of […]

What Would Milton Friedman Have Thought of the Great Recession?

SCOTT SUMNER AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY 74.2 (2015): 209-235 Abstract: Milton Friedman died in 2006, right before the onset of the Great Recession. Unfortunately, we will never know how Friedman would have interpreted this event. However, we can draw some inferences from his published views on the Great Depression, as well as his views […]

Political Liberalism and Global Justice

MARTHA NUSSBAUM JOURNAL OF GLOBAL ETHICS (2015). ADVANCED ONLINE PUBLICATION. DOI:10.1080/17449626.2015.1015081 Abstract: This article argues that political liberalism, of the type formulated by John Rawls and Charles Larmore and further developed in Amartya Sen and Martha Nussbaum’s capabilities approach, is superior to more comprehensive political views both in domestic and in global affairs. Perfectionist liberalism as advocated […]

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