Guiding the Invisible Hand: Economic Liberalism and the State in Latin American History.

1989 ◽  
Vol 69 (3) ◽  
pp. 574
Author(s):  
Stephen Haber ◽  
Joseph L. Love ◽  
Nils Jacobsen
2010 ◽  
Vol 59 (2) ◽  
Author(s):  
Johannes Treu

AbstractThe name of Adam Smith is always associated with the development of the invisible hand, the differentiation of labour and with the foundation of the economic liberalism, so that his book the Wealth of Nation is still in fashion. Based on the criticism of mercantilism system Smith develops his own economic system. Furthermore this economic system is more than pure discretion, it is also instruction which role the market and the state have to fulfil. Smith attributes to the market his famous role, the free function of the price system. Whereas the function of the state is limited to three tasks and no intervention into the market or price process are allowed.


2019 ◽  
Vol 20 (2) ◽  
pp. 141-160
Author(s):  
Gonzalo Candia

AbstractLatin American history is full of populist experiments. The result of this history is a political culture across the continent characterized by conflict and polarization. The most recent wave of Latin American populism is represented by neo-populism. Neo-populism identifies itself as the “socialism of the 21st century.” Its most representative expression is the Chavista regime, which was led first by Hugo Chávez, and then by Nicolás Maduro. This Article, after examining what populism is, considers how regional human rights institutions of the Americas have dealt with the Chavista regime. In doing so, this Article describes the efforts deployed by both the Inter-American Commission and the Inter-American Court of Human Rights to keep Chávez under control. This Article concludes that regional human rights supervision, being relevant in the context of the Venezuelan experience, was finally incapable of either preventing or stopping the authoritarian path adopted by Chávez. This was because: (a) early supervision over the Chavista regime did not avert its leaders from abusing human rights afterwards; and (b) intensifying regional supervision over the regime became paradoxically self-defeating after it took full control of the State apparatus.


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