The return of ‘vulnerability’ and Raúl Prebisch’s early thinking on the ‘Argentine business cycle’

There is something paradoxical about the rise and fall -maybe we could speak about a renewed rise- of Raul Prebisch’s thinking on what in the early years of his intellectual life would have been called primary producer economies. In parallel with what had happened with development economics at large, by the early 1960s or so his thinking was being progressively dismissed both in public and academic discourse.