100 Books Like Studies in the History of Latin American Economic Thought

In this classic and pioneering study, Joseph Love traces how ideas about underdevelopment travelled from interwar Rumania to postwar Brazil, two peripheral regions united in their disenchantment with the promises of economic liberalism.

Household names like Mihail Manoilescu, Raúl Prebisch, and Celso Furtado come across as heirs to a long intellectual tradition connecting Russian Narodnik populism to Latin American dependency theory a century later.

These disparate historical actors were brought together by a shared concern with the obstacles to development posed by a world of structural economic and geopolitical inequalities, thus shining a spotlight on the conflicting interests between the West and the Rest.

This sprawling, two-volume collection of essays approaches the history of political economy in Latin America not as a chapter of intellectual history, but rather as an extension of the practices of state-building pursued in the continent.

The first volume, Republics of the Possible, covers the period from the early days of independence to the turbulent 1930s, touching on subjects as diverse as militarization, fiscal systems, educational institutions, national statistics, and ideological disputes.

The second volume, The Rise and Fall of the Developmental State, explores the 20th-century Latin American experiment on state-led development: its ideological underpinnings, the design of appropriate institutions, and the ambiguous aftermath of the developmental era in different national settings.

A third volume is still in the works to complete this state-of-the-art trilogy.

Kathryn Sikkink brings a political science approach to the study of developmentalism as a policy framework in postwar Latin America.

Rather than rationalizing the ideology of development as the expression of interest group politics, the book interrogates the channels through which ideas find their way into institutional settings, and thence into political action. Contrasting the historical experiences of Brazil and Argentina, Sikkink shows how the same intellectual premises may lead to disparate results when put to work within different national settings.

Ideas do matter, but if they are to succeed, they need to find a hospitable institutional environment – which sheds light on both the possibilities and challenges faced by Latin American nations seeking to shape their own destiny.

The most recent entry on my list is already a landmark achievement.

Margarita Fajardo’s authoritative monograph places the UN’s Economic Commission for Latin America – the incubator for the cepalinos who successfully challenged the postwar consensus on developmental policy – into the broader geopolitical history of the 20th century. This richly detailed study retraces the emergence of an intellectual and political movement that channeled discontent with the structural biases inherent in the global economic order into a cogent agenda of political economy for the peripheries of capitalism.

It also reveals how the fragmentation of the fragile postwar liberal consensus, in both North and South, eventually pushed this movement toward the high-powered framework of dependency theory, and thence into anti-establishment activism across the world.

This book provides a synthesis of the ‘region’s place in world politics and the global economy.’ Its applicability to the Latin American region in the context of international relations theory is a salient feature of this book which lends credence to these insights in this sense, there is a commonality of thinking in both books, and adds intellectual creditability to the meshing of both logics. It is a key insight. 

Smith traces the historical arc of rum from local colonial consumption to becoming a major export by the nineteenth century.

I am amazed at how much history Smith captures by focusing his study on one type of alcohol. With his attention to how European and African drinking habits shaped rum consumption, he demonstrates how rum cut across gender, class, and race relations.

With their knowledge of distillation and introduction of resources new to the Americas, Europeans increased alcohol’s potency. Alcohol took on political as well as economic significance when colonial officials used alcohol revenue to govern. Without displacing fermented drinks, distilled liquor introduced new dynamics in the production and consumption of alcohol.

I love that he emphasizes how common consumption spurred taverns and other drinking establishments, which facilitated socialization that frequently contravened social norms, such as elite men who conversed with poor and working-class women and African and mulatto drinkers… show more.

Two of Sarduy’s most extraordinary writings from the 1970s, these twin works chart a territory of radical transformation. In the first part of the book, Cobra makes their gender transition with the support of a slew of unusual characters who also shape-shift via the mysterious and violent rites of a motorcycle gang and a group of Tantric Buddhist lamas. Metamorphosis continues in the second half of the book, wherein a Cuban-Chinese cook reincarnates as the Buddha, in the midst of the Cuban revolution. The wild tales create a distinctive space for being otherwise.

The first reason to read this book is that the fight against slavery in the Americas is not just a US story about its famous abolitionists and Civil War. The bigger story about abolition and the forces that opposed it involves European powers like Spain that controlled more territory in the Americas and governed the lives of many millions more people than lived in the US and what became the US.

The second reason to read this book is that nineteenth-century Spain was divided between liberal forces that wanted to end enslavement and conservative forces that wanted to preserve “property rights” at all costs; and this led to dueling abolitionist and antiabolitionist discourses. We can learn from this history as today, our own country is increasingly divided between dueling discourses.

Colombia links the Andes to the Caribbean, and Ricardo Raúl Salazar Rey’s book shows how central the story of the African Diaspora is to how the Spanish Empire was built and governed for so long (much, much longer than the US has existed or the British were able to govern in the Americas). And this book shows how in the 1600s, Black people were building enduring places for themselves in that Spanish Empire that initially only viewed them as enslaved laborers, but was forced by their legal actions and alliances to recognize them as much more and much more diverse. Colombia has just elected its first Black vice president; and this wonderful book tells us how black people made themselves part of the foundation of that Andean nation.

I loved this book because it starts with a candid, personal reflection from the authors—both renowned Brazilian political scientists—who momentarily believed their country had escaped its economic instability, only to be reminded of its cyclical nature. Their argument is compelling: while politics matters, Latin America's deep dependence on international markets makes its democracies uniquely vulnerable to external shocks.

A must-read for understanding the region’s persistent instability.