This paper is part of a larger project aiming at revitalizing high development theory". It examines the roots of development economics, tracing it back to the seminal contributions of European émigrés to the UK and the US in the 1930s. Developed mainly by German speaking economists it became...

Paul KRUGMAN, professor of economics at Princeton University, is well-known for his models of increasing returns in the world trade theory and their use in economic geography. His aim is to explain the reasons for the localization of activities and the concentration of firms. The purpose of this...

It is assumed that Marx focuses on profits that are to be realized in larger production that permits some surplus production. This understanding underpins the importance of increasing returns embedded in employment dynamics associated with larger employment bases. This organizational form not...

In the late 1970s Paul Samuelson drafted the outline of a paper, never published, with a critical assessment of the theoretical innovations of postwar development economics. He found the subject essentially intractable. The present paper discusses how that assessment fits in Samuelson's...

The years that Albert O. Hirschman lived in Colombia helped him shape the contents for his main publication: The strategy of economic development. The experience gained during his stay in Colombia, where he participated in government missions across the country, enabled him to design a research...

This essay analyzes three contributions of Albert Hirschman that are important to understand the Latin American industrialization process.The first are the features of this process vis-à-vis the “late industrialization” cases in the European continent analyzed by Alexander Gerschenkron. The...

In the late 1970s Paul Samuelson drafted the outline of a paper, never published, with a critical assessment of the theoretical innovations of postwar development economics. He found the subject essentially intractable. The present paper discusses how that assessment fits in Samuelson's...

The aim of this paper is to discuss the main causes of the interruption of the process of socially inclusive growth that occurred in the Brazilian economy from the mid-2000s, which we will call the Brazilian economy's "Brief Golden Age". Our analysis is based on two central hypotheses. The first...