The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Díaz-Alejandro, Carlos (1937–1985)

  • José Gabriel Palma
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2189

Abstract

Carlos Díaz-Alejandro was the most prominent Latin American economist of his generation. In his short professional life he gave us powerful insights into Latin America’s trade and development, and its economic and financial history. In true Kindlebergian tradition, he was particularly fascinated by the region’s many financial crises. His contributions were characterized by a rare capacity to weave together history and theory, abstract economic theory and complex Latin American sociopolitical life. In this way, he avoided the sterility of pure formalistic theory that characterized so much of the economics of his own generation and the next.

Keywords

Absorption approach to the balance of payments Capital account liberalization Capital controls Current account liberalization Devaluation Díaz-Alejandro, C Economic history Elasticity approach to the balance of payments Export-led growth Hirschman, A.O Import substitution Import-substituting industrialization Inflation International Monetary Fund Kindleberger, C Prebisch, R Redistribution of income 

JEL Classifications

B31 
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Bibliography

  1. Palma, J.G. 2003. The three routes to financial crises. In Rethinking development economics, ed. H.-J. Chang. London: Anthem.Google Scholar
  2. Ranis, G. 1989. Carlos Díaz-Alejandro: An appreciation. In Debt, stabilization and development: Essays in memory of Carlos Díaz-Alejandro, ed. G. Calvo et al. Oxford: Blackwell.Google Scholar
  3. Velasco, A. (ed.). 1988. Trade, development and the world economy: Selected essays of Carlos Díaz-Alejandro. Oxford: Blackwell.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • José Gabriel Palma
    • 1
  1. 1.