Raúl Prebisch and economic dynamics: cyclical growth and centre-periphery interaction

Prebisch believed that understanding the evolution of capitalist economies over time and in different contexts required a general cycle approach, encompassing all the different areas of economic activity, which he labelled “economic dynamics.” This theory, developed between 1945 and 1949, stemmed fr...

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Autores principales:	Pérez Caldentey, Esteban, Vernengo, Matías
Formato:	Texto
Lenguaje:	English
Publicado:	2016
Materias:	ECONOMISTAS ECONOMIA DESARROLLO ECONOMICO CICLOS ECONOMICOS CAPITALISMO PERIFERICO ECONOMISTS ECONOMICS ECONOMIC DEVELOPMENT BUSINESS CYCLES PERIPHERAL CAPITALISM
Acceso en línea:	http://hdl.handle.net/11362/40434
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spelling	oai-11362-404342020-03-06T16:50:27Z Raúl Prebisch and economic dynamics: cyclical growth and centre-periphery interaction Pérez Caldentey, Esteban Vernengo, Matías ECONOMISTAS ECONOMIA DESARROLLO ECONOMICO CICLOS ECONOMICOS CAPITALISMO PERIFERICO ECONOMISTS ECONOMICS ECONOMIC DEVELOPMENT BUSINESS CYCLES PERIPHERAL CAPITALISM Prebisch believed that understanding the evolution of capitalist economies over time and in different contexts required a general cycle approach, encompassing all the different areas of economic activity, which he labelled “economic dynamics.” This theory, developed between 1945 and 1949, stemmed from a critique of both neoclassical and Keynesian theories, which Prebisch viewed as static representations of capitalism. It was applied first to a closed economy and then to a centre-periphery context. The theory combined the notion that profit is the driving force of economic activity, with a process of forced savings and the idea that the time lag between income circulation (and the resulting demand) and the completion of the production process are the main source of cyclical fluctuations. Prebisch’s dynamics theory, which he never completed, influenced his “development manifesto” (Prebisch, 1950). 2016-08-09T16:29:22Z 2016-08-09T16:29:22Z 2016-04 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/40434 LC/G.2676-P 2 en CEPAL Review CEPAL Review 118 .pdf application/pdf AMERICA LATINA LATIN AMERICA
institution	Cepal
collection	Cepal
language	English
topic	ECONOMISTAS ECONOMIA DESARROLLO ECONOMICO CICLOS ECONOMICOS CAPITALISMO PERIFERICO ECONOMISTS ECONOMICS ECONOMIC DEVELOPMENT BUSINESS CYCLES PERIPHERAL CAPITALISM
spellingShingle	ECONOMISTAS ECONOMIA DESARROLLO ECONOMICO CICLOS ECONOMICOS CAPITALISMO PERIFERICO ECONOMISTS ECONOMICS ECONOMIC DEVELOPMENT BUSINESS CYCLES PERIPHERAL CAPITALISM Pérez Caldentey, Esteban Vernengo, Matías Raúl Prebisch and economic dynamics: cyclical growth and centre-periphery interaction
description	Prebisch believed that understanding the evolution of capitalist economies over time and in different contexts required a general cycle approach, encompassing all the different areas of economic activity, which he labelled “economic dynamics.” This theory, developed between 1945 and 1949, stemmed from a critique of both neoclassical and Keynesian theories, which Prebisch viewed as static representations of capitalism. It was applied first to a closed economy and then to a centre-periphery context. The theory combined the notion that profit is the driving force of economic activity, with a process of forced savings and the idea that the time lag between income circulation (and the resulting demand) and the completion of the production process are the main source of cyclical fluctuations. Prebisch’s dynamics theory, which he never completed, influenced his “development manifesto” (Prebisch, 1950).
format	Texto
author	Pérez Caldentey, Esteban Vernengo, Matías
author_facet	Pérez Caldentey, Esteban Vernengo, Matías
author_sort	Pérez Caldentey, Esteban
title	Raúl Prebisch and economic dynamics: cyclical growth and centre-periphery interaction
title_short	Raúl Prebisch and economic dynamics: cyclical growth and centre-periphery interaction
title_full	Raúl Prebisch and economic dynamics: cyclical growth and centre-periphery interaction
title_fullStr	Raúl Prebisch and economic dynamics: cyclical growth and centre-periphery interaction
title_full_unstemmed	Raúl Prebisch and economic dynamics: cyclical growth and centre-periphery interaction
title_sort	raúl prebisch and economic dynamics: cyclical growth and centre-periphery interaction
publishDate	2016
url	http://hdl.handle.net/11362/40434
work_keys_str_mv	AT perezcaldenteyesteban raulprebischandeconomicdynamicscyclicalgrowthandcentreperipheryinteraction AT vernengomatias raulprebischandeconomicdynamicscyclicalgrowthandcentreperipheryinteraction
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Raúl Prebisch and economic dynamics: cyclical growth and centre-periphery interaction

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