In a number of Latin American countries, the influence of John Maynard Keynes and his Latin American proponent Raúl Prebisch, was forced during the seventies to give way to the liberal-monetarist principles of Milton Friedman. What advantages and disadvantages have ensued from this change of...

Economic and development policies in Latin America, as in all other developing countries, are supposed to tackle the problem how to increase total income and, at the same time, how to reduce the present inequalities in the distribution of income. The opinions on the question, which of these...