Political Economics and Possibilism: Towards an Open Notion of Development

45 Pages Posted: 26 Jul 2017

See all articles by Andres Guiot

Andres Guiot

Universidad de los Andes, Colombia

Date Written: July 6, 2017


Hirschman was both a pioneer and a dissenter of development economics. He shares with the high theory the virtues and misfortunes of committing to modernize the underdeveloped world, but his exposure to the politics of development in Latin America gave new life to his early insights. Revealing the political dimensions of his concepts on economic development, Hirschman provides some mini-building blocks for a political economics consistent with an open notion of development. This inquiry, however, should not be seen exclusively through a methodological lens; it is grounded on his possibilism, a claim about modernity and the possibility of change. This article reconsiders the legacy of Hirschman’s thought for current debates on development and calls for recuperating his commitment to open societies.

Keywords: Hirschman, development, modernity, political economics, possibilism

JEL Classification: B12, B29, B31, N46, O10

Suggested Citation

Guiot, Andres, Political Economics and Possibilism: Towards an Open Notion of Development (July 6, 2017). Documento CEDE No. 2017-45, Available at SSRN: https://ssrn.com/abstract=3007763 or http://dx.doi.org/10.2139/ssrn.3007763

Andres Guiot (Contact Author)

Universidad de los Andes, Colombia ( email )

Carrera Primera # 18A-12
Bogota, DC D.C. 110311

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