Tag: Latin America
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The Economics of Debt and Default in 19th-Century Latin America
From the fraudulent bond issues of the 1820s to the Baring Crisis of 1890, Latin American sovereign debt history reveals the structural conditions that make serial default almost inevitable for commodity-dependent economies borrowing in foreign currencies. The pattern has never gone away.
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The Economics of Colonial Land Systems
Examine how colonial land distribution created durable inequality — the hacienda system, latifundia vs. minifundia, differences between settler and extraction colonies, and Acemoglu, Johnson, and Robinson's reversal of fortune argument about how extractive colonial institutions created persistent poverty.
