Center and Periphery: An Original Institutional Economics Analysis of Raúl Prebisch’s Structuralism

Natalia Bracarense

Review of Political Economy, 2024, vol. 36, issue 2, 702-721

Abstract: The present article focuses on Raúl Prebisch’s center and periphery framework, connecting his early, mid-career, and later work to cast a different light on one of his most enduring contributions. Using an original institutional economics approach, the article shows that Prebisch held a structuralist perspective throughout his career, but while early on he maintained a standard structuralist position, by the 1960s Prebisch embraced a less rigid version of structuralism, understanding the relationship between center and periphery through a multi-layered analysis. A movement in such direction enriches economic theory, creating a dynamic framework that views social, economic, and political transformation as a result of interactive actions (Lawson [1997]. Economics and Reality. London: Routledge) between agents and structures.

Date: 2024
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DOI: 10.1080/09538259.2022.2062960

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