The Economic Cycle in Latin American Agricultural Export Economies (1880–1930): A Hypothesis for Investigation

Abstract

Most economic historians are probably familiar with Ernest Labrousse's model of the “Crisis of the Old Regime,” although it remains largely unknown to economists, sociologists, and other specialists in the social sciences. Yet Pierre Vilar feels that it is one of Labrousse's most important contributions to the “development of a science of history,” and considers that as an “instrument of analysis,” it can shed light not only on the “old style” crises of Western Europe but also on many essential aspects of the agrarian history of “underdeveloped” countries. We do not mean that contemporary “underdevelopment” and the “economy of the old regime” are one and the same. Rather, our intent is only to emphasize with Vilar that the “historical roles played in most of the world by meteorological abnormalities and agricultural cycles in the recent past have not been subjected to sufficiently methodological and reasoned study.”