Paul Samuelson was attracted to the economic dynamics of South American countries because of the links between economic performance and political factors. He discussed the influence of “populist democracy” on Argentina's relative stagnation, which, he argued in the 1970s and early 1980s,...

The paper provides a narrative of the effort to develop a structuralist macroeconomic model in Latin America, as seen through the eyes of Chilean economist Osvaldo Sunkel (b. 1929). Sunkel faced the problem of how to model structuralism, an indigenous Latin American contribution to economics and...

The paper offers an historical account of the origins and development of the Latin American structuralist approach to the balance of payments between 1944 and 1964. We focus on the contributions by Raul Prebisch, Celso Furtado and Juan Noyola, all of them members of the United Nations Economic...

The paper investigates Celso Furtado's role in the controversy between structuralists and monetarists about inflation and stabilization, which took place in Latin America between the mid 1950s and early 1960s. Furtado was the first to relate Latin American chronic inflation to the new growth...