Fans pick 100 books like Ideas and Institutions

In this classic and pioneering study, Joseph Love traces how ideas about underdevelopment travelled from interwar Rumania to postwar Brazil, two peripheral regions united in their disenchantment with the promises of economic liberalism.

Household names like Mihail Manoilescu, Raúl Prebisch, and Celso Furtado come across as heirs to a long intellectual tradition connecting Russian Narodnik populism to Latin American dependency theory a century later.

These disparate historical actors were brought together by a shared concern with the obstacles to development posed by a world of structural economic and geopolitical inequalities, thus shining a spotlight on the conflicting interests between the West and the Rest.

A living illustration of the nexus between Rumania and Latin America in the field of political economy, this work is the English translation of a monograph written in Spanish by Popescu, a Rumanian economist who emigrated to Argentina after WWII.

Still unparalleled in scope, the book retraces the evolution of political economy in Spanish America since the early days of European domination in the continent, highlighting the dissemination of scholastic, physiocratic, and classical economic doctrines as well as their transformation in the hands of Latin Americans.

Tellingly, Raúl Prebisch does not occupy center stage, appearing instead as a simple epilogue to the long odyssey chronicled by Popescu.

This sprawling, two-volume collection of essays approaches the history of political economy in Latin America not as a chapter of intellectual history, but rather as an extension of the practices of state-building pursued in the continent.

The first volume, Republics of the Possible, covers the period from the early days of independence to the turbulent 1930s, touching on subjects as diverse as militarization, fiscal systems, educational institutions, national statistics, and ideological disputes.

The second volume, The Rise and Fall of the Developmental State, explores the 20th-century Latin American experiment on state-led development: its ideological underpinnings, the design of appropriate institutions, and the ambiguous aftermath of the developmental era in different national settings.

A third volume is still in the works to complete this state-of-the-art trilogy.

The most recent entry on my list is already a landmark achievement.

Margarita Fajardo’s authoritative monograph places the UN’s Economic Commission for Latin America – the incubator for the cepalinos who successfully challenged the postwar consensus on developmental policy – into the broader geopolitical history of the 20th century. This richly detailed study retraces the emergence of an intellectual and political movement that channeled discontent with the structural biases inherent in the global economic order into a cogent agenda of political economy for the peripheries of capitalism.

It also reveals how the fragmentation of the fragile postwar liberal consensus, in both North and South, eventually pushed this movement toward the high-powered framework of dependency theory, and thence into anti-establishment activism across the world.

This book is an excellent read for any entrepreneur who is looking for a firsthand account of the ups and downs of starting and growing a business in emerging markets.

I got to know Brian during my time living in Brazil and truly admire his story, as well as the candor and honesty that he brings to this book. Brian shares tons of funny and useful anecdotes, particularly as they relate to raising funding and negotiating with venture capital and private equity investors.

Filled with insight, this is a must-read for anyone starting a business or investing in startups that they hope to see scale and change the world. 

What I loved most about this was the story within the story. A famous author is travelling back from a convention in Brazil when his plane goes down. The only other survivor is a young boy, not quite in his teens. In order to reach safety, they must battle not only Colombian drug runners and other nefarious characters, but the jungle itself.

Anyone who aspires to an understanding of Latin American democracy must read the work of Guillermo O’Donnell, who almost single-handedly set the terms of the key debates over a period of thirty to forty years; and the only possible reason for this not being my 1st pick is that it is a collection of essays, not a monograph. O’Donnell was a passionate scholar, and both his passionate engagement and meticulous scholarship are amply illustrated in the discussions here of the vicissitudes and possibilities of democracy in Latin America, his wide survey encompassing everything from democratic struggles against authoritarian regimes to the flaws arising in the new democracies from defective institutionalism and extreme social inequalities. Read and admire.

There is no U.S. equivalent to the comic strip “Mafalda,” a strip centered around a young, middle-class girl and her entourage of neighborhood friends set in mid-1960s Buenos Aires. The strip itself only lasted a decade but its afterlives continue to reverberate across Latin America and throughout other parts of the world. Today, the face of Mafalda—the strip’s namesake—can be found with a speech bubble protesting any number of injustices. It is probably no exaggeration to say that this is the most important comic strip ever written, and one whose appeal lies both in its simplicity and the subtle depth of its political humor. Published here in translation, Cosse, a noted scholar of cultural and social history, has written a biography of the strip and its characters as a way not only of understanding the crisis of Argentina’s middle classes, but the ways in which the mass media transform objects… show more.

Neither novel nor travel book, this classic journey defies category.

Purportedly a quest for a scrap of giant slothskin, which the author finds in a cave in southern Chile, it zig-zags through time and space, alighting on travellers from Magellan to Butch Cassidy, while trampling down conventional boundaries.

“Everyone says: ‘Are you writing a novel?’ No, I’m writing a story and I do rather insist that things must be called stories. That seems to me to be what they are. I don’t quite know the meaning of the word novel.” 

This book also centers on a post-dictatorship period, looking not only at accountability for the thousands that were killed or disappeared during Argentina’s military junta, but also at the struggle for social and economic rights amid an economic crisis in the 1980s.

Adair centers her book on the Raúl Alfonsín presidency to look at the various challenges he faced, and the demands that citizens placed on his government to ensure basic needs. The book is also imminently readable and filled with moving anecdotes about citizens’ struggles during this period.