Liberty Review América Latina

Finance, Growth, and Institutions in Latin America: What are the Links?


Using a panel of 16 countries during the 1961-2010 period, we find that financial development has a positive significant effect on economic growth in the long run for high-income countries but a negative significant effect for low-income countries. Read the rest of this entry »

Filed under: Economía

Crises and Crashes: Argentina 1825-2002


The objective of this paper is twofold. First, it identifies and categorizes the currency crises suffered by Argentina from 1825 to 2002. Second, it looks for regularities in the behavior of key macroeconomic variables in the neighborhood of crises by means of graphic analysis, non-parametric and econometric techniques Read the rest of this entry »

Filed under: Economía, Historia

La Autonomía y Dos de sus Patologías Más Recurrentes

IDEAS Y VALORES 62 (2013): 153-170

Este trabajo explora el concepto moral kantiano de autonomía a partir de su entorno conceptual, resaltando las diferencias y similitudes con los conceptos de independencia personal y autenticidad.  Read the rest of this entry »

Filed under: Filosofía

Crecimiento Económico y Transición Demográfica: Un Modelo y el Caso Colombiano de los Siglos XIX y XX


En este artículo se presenta la adaptación y el uso de un modelo de Lucas (2002) de crecimiento económico, transición demográfica y acumulación de capital humano, Read the rest of this entry »

Filed under: Ciencia Política, Economía

América Latina Archive

Recent Posts: Liberty Review

The ethics of pure entrepreneurship: An Austrian economics perspective

THE REVIEW OF AUSTRIAN ECONOMICS ISRAEL M. KIRZNER Abstract: This paper focuses on the justice of income distribution in a system of private property rights. Milton Friedman argued that the “ethical principle that would directly justify the distribution of income in a free society is ‘to each according to what he and the instruments he owns […]

A short history of constitutional liberalism in America

CONSTITUTIONAL POLITICAL ECONOMY ROGER D. CONGLETON Abstract: American liberalism emerged before the most famous European liberal intellectuals put their pens to paper. It was grounded partly on liberal ideas that were in the air before those works were written, but mostly on the attractive communities generated by liberal institutions and policies. American liberalism is empirically, rather […]

Barriers to prosperity: the harmful impact of entry regulations on income inequality

DUSTIN CHAMBERS, PATRICK A. MCLAUGHLIN, LAURA STANLEY PUBLIC CHOICE Abstract: Entry regulations, including fees, permits and licenses, can make it prohibitively difficult for low-income individuals to establish footholds in many industries, even at the entry-level. As such, these regulations increase income inequality by either preventing access to higher paying professions or imposing costs on individuals choosing […]

Individualism, Collectivism, and Trade

AIDIN HAJIKHAMENEH, ERIK O. KIMBROUGH EXPERIMENTAL ECONOMICS Abstract: While economists recognize the important role of formal institutions in the promotion of trade, there is increasing agreement that institutions are typically endogenous to culture, making it difficult to disentangle their separate contributions. Lab experiments that assign institutions exogenously and measure and control individual cultural characteristics can allow […]

Trust, Trade and Moral Progress: How Market Exchange Promotes Trustworthiness

JONATHAN ANOMALY SOCIAL PHILOSOPHY AND POLICY, Volume 34, Issue 2 Abstract: Trust is important for a variety of social relationships. Trust facilitates trade, which increases prosperity and induces us to interact with people of different backgrounds on terms that benefit all parties. Trade promotes trustworthiness, which enables us to form meaningful as well as mutually beneficial […]

Socialized View of Man vs. Rational Choice Theory: What Does Smith’s Sympathy Have to Say?

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION ELIAS L. KHALIL Abstract: To explain the anomaly of cooperation in finitely repeated games, some economists advance a socialized view of man as an antidote to rational choice theory. This paper confronts these economists insofar as they trace the socialized view to Smith’s theory of sympathy in The Theory of Moral […]

Ludwig Lachmann’s peculiar status within Austrian economics

VIRGIL HENRY STORR THE REVIEW OF AUSTRIAN ECONOMICS Abstract: Lachmann occupies a strange position within modern Austrian economics. He is viewed as something of an outsider and his views are often regarded as outside the mainline of modern Austrian thought. But, on several key issues – especially subjectivism and institutions – Lachmann’s positions are the dominant […]

‘A Burthen Too Heavy For Humane Sufferance’: Locke on Reputation

STUART-BUTTLE, T. HISTORY OF POLITICAL THOUGHT, Volume 38, Number 4 Abstract: Locke emphasized that a concern for reputation powerfully shaped the individual’s conduct. Most scholarship suggests that Locke portrayed this phenomenon in negative terms. This article complicates this picture. A concern for reputation served a constructive role in Locke’s theory of social development, which offered a […]

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