DOI: 10.17151/rasv.2017.19.2.10
How to Cite
Serrano Moya, E. D. (2017). Economic theory of development: re-reading Raúl Prébisch and Albert Hirschman. Revista De Antropología Y Sociología : Virajes, 19(2), 185–205. https://doi.org/10.17151/rasv.2017.19.2.10

Authors

Edgar David Serrano Moya
Universidad de Caldas
edgar.serrano@ucaldas.edu.co
https://orcid.org/0000-0001-7637-6002

Abstract

Objective: To reflect on two substantial aspects in the unorthodox theory of development presented by Raúl Prebisch and Albert Hirschman that, from their proposal, provoked diverse reactions in the context of the economic theory and, especially, in the economy dominant school of thought. Methodology: This analysis is qualitative. From the authors cited, two substantial categories in their analysis were tracked: from Prebisch, his core-periphery concept; from Hirschman, the idea of linkages in economic processes. To this end, part of the authors’ primary bibliography was reviewed, their theoretical arguments were compared, and they were supplemented with the reflections derived from the recent secondary bibliography query. Results and conclusions: Through the bibliographic research, it was evidenced that the orthodox economic theory did not recognize a theoretical status for the economic theory of development. Therefore, the theoretical achievements of leading development economists ended up being marginal in the context of the post-war economic theory, despite a late recognition for some authors at the end of the 20th century. It is emphasized that among the pioneers of development there are obvious differences but, with dissimilar perspectives, they also present important connections based on the problem of resource allocation.

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