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

Natalia Bracarense
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Natalia Bracarense: LEREPS - Laboratoire d'Etude et de Recherche sur l'Economie, les Politiques et les Systèmes Sociaux - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - Institut d'Études Politiques [IEP] - Toulouse - ENSFEA - École Nationale Supérieure de Formation de l'Enseignement Agricole de Toulouse-Auzeville

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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.

Keywords: Core and periphery; Development economics; Structuralism; Institutional economics; Economic methodology (search for similar items in EconPapers)
Date: 2024-05-04
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Published in Review of Political Economy, 2024, 36 (2), pp.702-721. ⟨10.1080/09538259.2022.2062960⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03663040

DOI: 10.1080/09538259.2022.2062960

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