Liberty Review América Latina

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

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


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?


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?

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?


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

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

América Latina Archive

Recent Posts: Liberty Review

Lincoln and the Politics of the “Towering Genius”

STEVEN B. SMITH AMERICAN POLITICAL THOUGHT, Volume 7, Number 3 Abstract: This article examines Lincoln’s “Lyceum Speech” with its concern for the “towering genius” in politics against the backdrop of the recent rise of populism and demagoguery. Lincoln’s concern was with a new kind of problem, namely, the appearance of the romantic hero in politics, a […]

Economic Foundations of the Territorial State System

AVIDIT ACHARYA, ALEXANDER LEE AMERICAN JOURNAL OF POLITICAL SCIENCE Abstract: The contemporary world is organized into a system of territorial states in which rulers exercise authority inside clearly defined boundaries and recognize the authority of other rulers outside those boundaries. We develop a model to explain how the major economic and military developments in Europe starting […]

Money as meta-rule: Buchanan’s constitutional economics as a foundation for monetary stability

PETER J. BOETTKE, ALEXANDER W. SALTER, DANIEL J. SMITH PUBLIC CHOICE Abstract: This paper explores James Buchanan’s contributions to monetary economics and argues these contributions form the foundation of a robust monetary economics paradigm. While often not recognized for his contributions to monetary economics, Buchanan’s scholarship offers important insights for current debates, especially the renewed interest […]

Escape from Europe: a calculus of consent model of the origins of liberal institutions in the North American colonies

VLAD TARKO, KYLE O’DONNELL CONSTITUTIONAL POLITICAL ECONOMY Abstract: The migration out of Europe and the establishment of North American colonies presents us with a great puzzle: why did the colonists establish democratic forms of governance? Considering that early democratic colonies appeared even before philosophical works such as those of Locke and Montesquieu were written, it is […]

Spinning the industrial revolution

JANE HUMPHRIES, BENJAMIN SCHNEIDER THE ECONOMIC HISTORY REVIEW Abstract: The prevailing explanation for why the industrial revolution occurred first in Britain during the last quarter of the eighteenth century is Allen’s ‘high wage economy’ view, which claims that the high cost of labour relative to capital and fuel incentivized innovation and the adoption of new techniques. […]

A culture of rent seeking

SEUNG GINNY CHOI, VIRGIL HENRY STORR PUBLIC CHOICE Abstract: Tullock [J Dev Econ 67(2):455–470, 1967] introduced the concept of rent seeking and highlighted the social costs associated with collecting and lobbying for or against tariffs, investing in human and physical capital to facilitate or protect against theft, and expending resources to establish a monopoly. A large portion […]

Two Rights of Free Speech

ANDREI MARMOR RATIO JURIS Abstract: My main argument in this paper is that the right to freedom of expression is not a single right, complex as it may be, but spans two separate rights that I label the right to speak and the right to hear. Roughly, the right to speak stands for the right of […]

Social contracts for real moral agents: a synthesis of public reason and public choice approaches to constitutional design

KEVIN VALLIER CONSTITUTIONAL POLITICAL ECONOMY Abstract: Citizens in contemporary democratic societies disagree deeply about the nature of the good life, and they disagree just as profoundly about justice. In building a social contract theory for diverse citizens, then, we cannot rely as heavily on the theory of justice as John Rawls did. I contend that Rawlsian […]

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