The problems which face Latin America and the Caribbean are both many and dramatic. To confront those problems it is necessary to reconsider and redevelop our ideas about them. This article is in this reformist tradition. It suggests that the tendency amongst the upper strata of Latin society to...

The mechanism by means of which changes in the nominal quantity of money affect the economic system is a focal point in the theory of monetary policy, The increasing tendency of the general price level would indicate, in the first place, the adjustment of the economy lo an excess of money supply...