Abstract
Starting out from I. M. D. Little's recent categorization of development economics as ‘neo-classical versus structuralist’, this article makes three points. First, it traces the origins of structuralism in this broad sense in the emergence of the doctrine of market failure in England during the 1930s and 1940s. Secondly, it indicates the links between this line of thought and the Latin American structuralist theory of inflation. Finally, it takes up W. A. Lewis's suggestion that the severity of the inflation problem in Chile was due not so much to structural factors which it had in common with much less inflation-prone LDCs but rather to the strength of organized interest groups making competing income claims.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
