On peripheral capitalism and its transformation

I have already twice commented on some aspects of Raul Prebisch’s latest work: I shall now attempt a more comprehensive critique. This is certainly no easy task, even though I shall deal only with the interpretative aspects of his arguments in the articles published in the CEPAL Review, Nos. 1 and 6, and not with his ‘theory of change’, which, while most thoughtprovoking, may be considered incomplete in more senses than one, as the ideas in it are still being worked out.