Article contents
Noyola's Institutional Approach to Inflation
Published online by Cambridge University Press: 11 June 2009
Extract
Juan Noyola is widely credited as an originator of the Latin American “structuralist” theory of inflation. His key contribution is a 1956 article comparing inflation in Mexico and Chile. However there is disagreement about the nature of this contribution, or even what “structuralist” means in this context. I argue that Noyola's innovation was grounding money and credit in a highly institutional political economy of class conflict. This grounding endogenized not only money, but also policymaking and the State.
- Type
- Research Article
- Information
- Copyright
- Copyright © The History of Economics Society 2005
References
REFERENCES
- 8
- Cited by