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Albert O. Hirschman and the Structuralist–Monetarist Debate in Latin America

Research in the History of Economic Thought and Methodology

ISBN: 978-1-78560-962-6, eISBN: 978-1-78560-961-9

Publication date: 30 September 2016

Abstract

This paper analyzes the standpoint of Albert O. Hirschman in the structuralist–monetarist debate that took place in Latin America during the 1950s and 1960s. It claims that Hirschman had many affinities with the structuralist approach, in virtue of his methodological stance and of his view of the role to be performed by economic advisers in foreign countries. Similar to the structuralists, Hirschman did not make the control of inflation a central tenet of his development theory; also like them, he dissented from the orthodox approach. However, Hirschman did not take a clear-cut side on the debate, choosing, instead, to act as a go-between.

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Acknowledgements

Acknowledgments

I am indebted to Ariel Akerman for useful hints, and to Marina Bianchi, Mauro Boianovsky, and Maurizio Franzini for helpful comments and suggestions on an earlier version of this work.

Citation

Bianchi, A.M. (2016), "Albert O. Hirschman and the Structuralist–Monetarist Debate in Latin America", Research in the History of Economic Thought and Methodology (Research in the History of Economic Thought and Methodology, Vol. 34B), Emerald Group Publishing Limited, Leeds, pp. 101-122. https://doi.org/10.1108/S0743-41542016000034B014

Publisher

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Emerald Group Publishing Limited