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Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Most explanations of stock market booms and busts are based on contrasting the underlying ‘fundamental’ logic of the economy with the exogenous, non-economic factors that presumably distort it. Our paper offers a radically different model, examining the stock market not from the mechanical viewpoint of a distorted economy, but from the dialectical perspective of capitalized power. The model demonstrates that (1) the valuation of equities represents capitalized power; (2) capitalized power is dialectically intertwined with systemic fear; and (3) systemic fear and capitalized power are mediated through strategic sabotage. This triangular model, we posit, can offer a basis for examining the asymptotes, or limits, of capitalized power and the ways in which these asymptotes relate to the historical and ongoing transformation of the capitalist mode of power. [ABSTRACT FROM AUTHOR]

The purpose of this paper is to present the main differences between New Institutional Economics, NIE, and Original Institutional Economics, OIE, and to question some of the proposals that call for the gap between the two approaches to be bridge. This does not preclude the possibilities of a dialogue. Without ignoring some important theoretical developments in North's work, the author claims that NIE is a school that operates in the periphery of the neoclassical economics paradigm, and shares its ontological and methodological foundations; however these are very different from the evolutionary (Darwinian) economics of Thorstein Veblen. Though the task of integrating the OIE and NIE seems impossible following the road of eclecticism, a dialogue between them could open new perspectives and enrich institutional economics. [ABSTRACT FROM AUTHOR]

Space, geography and territorial organization have gained importance in recent studies on economical and political development. This reveals a (re)territorialization of the theoretical approaches of development. This paper systematically studies new theories of economic growth, analysis of State transformation, neoinstitutionalist approaches and the environmental perspective. Though these theories come from different disciplines, they converge in a new paradigm of development. In this new approach, the territory is not considered a receptacle-perimeter of productive activities and sociopolitical process, but as an explanatory element of development. [ABSTRACT FROM AUTHOR]

El artículo discurre sobre la relación entre el crecimiento económico, la desigualdad y la pobreza en el mundo del siglo 21. El autor comenta sobre la falta de políticas económicas dedicadas a la población pobre, incluyendo la redistribución del ingreso y la reducción de la pobreza absoluta. También se considera la importancia de tanto el desarrollo como el crecimiento económico.

El artículo discurre sobre la industria cafetera en Colombia. La autora comenta sobre el rol del éxito regional cafetero en el desarrollo económico y las condiciones económicas del país. También se consideran los derechos de propiedad en Colombia relacionados con la industria cafetero en los siglos 19 y 20.

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Se analiza la contribución de los avances tecnológicos al crecimiento económico, según la teoría del economista americano Robert Solow, que se basa en la cuantificación del progreso técnico por residuo para calcular la productividad total de los factores. Se destaca el problema de que, según esta teoría, la contribución de la tecnología al crecimiento puede exceder el 100%. Se propone un cálculo alternativo para medir la incidencia de la tecnología en la economía.

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

El artículo trata los hechos y los valores en el pensamiento económico. Asevera que, dado el debate sobre los valores y la ciencia impulsado por los medios, es importante que los científicos sociales, y los economistas en particular, emprenden una seria reflexión epistemológica sobre los conceptos de "hecho" y "valor". Sostiene que tal reflexión puede llevar a la acción en materia del desarrollo económico.

El artículo trata las tres leyes del desarrollo económico del economista Nicholas Kaldor: la alta correlación entre el crecimiento del producto industrial y del Producto Interno Bruto (PIB), la estrecha relación entre el crecimiento de la productividad industrial y del producto manufacturero y la relación positiva entre el crecimiento de la productividad económica en general y del sector industrial y negativa con el aumento del empleo en los sectores manufactureros.

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)