The Capitalist Revolution in Latin America

by Paul Craig Roberts and Karen LaFollette Araujo

Book Overview

The political and social upheavals that have transformed the economies of Eastern Europe and the former Soviet Union during the past ten years have sparked considerable interest and speculation on the part of Western observers. Less noted, though hardly less dramatic, has been the revolutionary spread of free market capitalism throughout much of Latin America during the same period. In a wide-ranging survey that illuminates both the history and present...

• Format: Hardcover
• Language: English
• ISBN: 0195111761
• ISBN13: 9780195111767
• Release Date: April 1997
• Publisher: Oxford University Press
• Length: 224 Pages
• Weight: 1.15 lbs.
• Dimensions: 0.9" x 6.4" x 9.6"

Customer Reviews

excellent analysis of institutions

This book discusses the contempory and historical economies of Mexico, Chile, and Argentina. It is an easy read, with little technical jargon. In addition, it lucidly discusses the elementary probelms of development economics, notably rent-seeking, and details the benefits and benevolence of free market economies. The book focuses on the insitutions and environments that have encouraged unproductive and impoverishing political policies. Furthermore, they discuss the effects of these institutions and policies. The authors are not shy in their dislike for socialism, but they support their case very well with theoretical discussion and empirical evidence. This is an excellent introdution to Latin American Economies, Development Economics, or Foreign Affairs. Highly Recommended!

Excellent work on Pinochet's Revolution.

This is an important book for future generations. The revolutionary work done by Pinochet and his advisors, copied not only in Latin America but the world at large. It is also important that this book calls Pinochet by his real name, a Capitalist. These days anybody that doesn't agree with marxists-liberals is a fascist. I'm still waiting to see how fascists implement free-market reforms like Pinochet did. In summary: Pinochet is a Capitalist, fundamentalist if you will, who allied with the U-S during the Cold War, which was the fight between Capitalism and Communism. For a Latin American fascist look at Peron. Wether you are in favor or against Pinochet it is important to get your facts straight.