A theoretical framework for a structuralist development macroeconomics

Abstract

Structuralist development economics was formulated between 1940 and 1960, in the context of great hopes after the II World War, by a group of economists associated to the transition of the League of Nations to the United Nations1 . Their approach as well as Keynesian macroeconomics were dominant between 1940 and 1960, greatly due to the occurrence of the Great Crash of 1929 and the Great Depression of the 1930 decade, which caused the collapse of economic liberalism and the neoclassical theory which legitimize it. However, from the economic slowdown that occurs in the years 1970, in rich countries, neoliberal ideology returned and neoclassical economic theory that justified it 'scientifically' became hegemonic again.