Lauchlin Currie and Albert O. Hirschman worked together as advisers to the National Planning Council in Colombia in the 1950's. Both had little experience in development economics when they arrived, and did not see eye to eye about the functioning and policy recommendations of the Council....

Increases in capital shares affect the marginal productivity of capital, stimulating capital accumulation. Can a decrease in labor shares reduce the supply of labor? We explore this question using a model of fertility inspired by Caldwell (1982) and Boldrin and Jones (2002). Individuals may...

The book Capital in the Twenty-First Century by Thomas Piketty (2014) has renewed the public and scholar debate about wealth and income inequality. Theoretical critiques have focused their attention on a regularity pointed out by the author, namely, the growth rate of the economy is lower than...

Spanish Abstract: El estudio de la circulación monetaria durante la llamada era de “banca libre” en Colombia (1865-1885) muestra patrones diferentes según las regiones. Este trabajo estudia la complementariedad y sustitución entre la moneda metálica acuñada legalmente y los billetes de...

This work analyzes the contributions of L. Currie and A. O. Hirschman to development theories. We show that traditional approaches to the divergence between these authors have overlooked some common views in their development strategies. For both, the catalyst role played by the experts —...

We estimate the possible effects on poverty and income distribution of the crisis unleashed by Covid-19 on a group of Latin America and Caribbean countries, representing 80% of the total population in the region: Argentina, Brasil, Chile, Colombia, Ecuador, Honduras, Mexico, Paraguay, Peru, and...