Richard Salvucci

Richard Salvucci
Trinity University · Department of Economics

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72
Publications
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278
Citations

Publications

Publications (72)
Article
Alexander von Humboldt and Mexico have been inextricably linked in the minds of scholars virtually since the publication of the former’s Essai politique sur la royaume de Nouvelle-Espagne (1811), if not before. Indeed, Thomas Jefferson met with Humboldt as President and was to comment to Humboldt that his work had succeeded “in making known to us o...
Article
FickerSandra Kuntz (ed.), Historia económica general de México: de la colonia a nuestros días (Mexico City: El Colegio de México, 2010), pp. 834, $39.00, hb. - Volume 44 Issue 2 - RICHARD J. SALVUCCI
Book
In 1823 and 1824, the newly independent government of Mexico entered the international capital market, raising two loans in London totaling £6.4 million. Intended to cover a variety of expenses, the loans fell into default by 1827 and remained in default until 1887. This case study explores how the loan process worked in Mexico in the early ninetee...
Article
ERICH S. GRUEN. Diaspora: Jews amidst Greeks and Romans. Cambridge, MA and London: Harvard University Press, 2002. Pp. ix, 386. $39.95 (us). Reviewed by Kenneth G. Holum
Article
Competitive markets reward the scarce factor of production. As a result of the Spanish Conquest, Indian labor became the scarce factor of production relative to land. But the whole point of conquest was to enrich the Spaniards, not the Indians. Therefore, the Spaniards resisted the use of the market as a device to accomplish productive economic act...
Conference Paper
When war broke out with the United States in 1846, the national government in Mexico was hard pressed to know from whence the resources to fight would come. Heavily indebted at home and abroad, Mexico had existed in a state of near sovereign bankruptcy for more than two decades. When the United States Navy blockaded its major ports, the customs rev...
Article
There is always a tendency to regard the establishment of "successful" dictatorships teleologically, although to paraphrase Enoch Powell, every political career ends in failure. Armando Razo's principal interest is how Porfirio Díaz came to be a successful dictator, at least in terms of conventional measures of success, such as tenure in office or...
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This article explores the ways in which early nineteenth-century American Southerners understood the concept of liberty. Rather than relying exclusively upon a republican or a liberal framework, the author employs a broadly construed libertarianism to better explain the coexistence of republicanism and liberalism-often assumed to be divergent ideol...
Article
Cliometrics, the union of history and economics, has impressive successes to its credit. But it also displays a worrisome disregard for historical nuance, sometimes to the point of caricature. “Bargaining for Absolutism” by Alejandra Irigoin and Regina Grafe looks at this question from the standpoint of Douglass North's work on institutions and par...
Article
Full-text available
Latin American Research Review 40.3 (2005) 346-353 Alpine, New Jersey, is an affluent community in Bergen Country, just across the Hudson River from Yonkers, New York. It was once known, it is said, as the "Hamptons of New Jersey" in consideration of its well-heeled residents, one of whom, it seems, was a certain Manuel Rionda Polledo, one of a gro...
Article
The Americas 60.4 (2004) 664-665 "Assuming the continuation of massive assistance from the Soviet Union and of high world commodity prices, the Cubans are on the verge of making their system work."So stated Pat M. Holt, chief of staff of the Senate Foreign Relations Committee, in 1974. If I were to summarize the work of Alvarez and Peña Castellanos...
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The Americas 60.3 (2004) 470-471 In 2001, former Finance Minister, Jesús Silva Herzog was quoted in the press as saying that the state's lack of financial resources was a defining theme in the history of Mexico. Citing Matías Romero's great Memoria de Hacienda (1870) as an authority, Silva Herzog said "It's the history of Mexico, we've lived perman...
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Journal of Interdisciplinary History 36.1 (2005) 96-97 In the first of four projected volumes on Spain and its American empire, the Steins focused on the critical role of colonial silver in the making of a "pseudomercantilist" or rentier state. The result was an analysis, interdisciplinary in the best sense, in which the Steins argued that American...
Article
There is a book currently making the rounds in Mexico that analyzes the country s transition from one-party state to multi-party democracy. Its thesis, baldly put, is that Mexico had grown up and could no longer be efficiently governed by the Institutional Revolutionary Party (PRI), which had been in power, one way or another, since 1929. By the la...
Article
Full-text available
Soy, lo confieso, uno de los escépticos sobre la Nueva Historia Económica Institucional. En términos generales, nada tengo que objetar al aspecto económico. ¿Quién podría tenerlo? La idea de que las tasas de beneficios marginales privados y sociales han de converger como condición necesaria para el crecimiento económico no es exactamente una idea n...
Article
The first Spanish expedition into New Mexico took place in 1598 under Juan de O ate. Less than a century later, Spanish settlers were expelled from Santa Fe during the Pueblo revolt of 1680 and the Crown was unable to reestablish control until 1692. New Mexico thereafter remained little more than an insecure settlement on the northern edge of Spain...
Article
Journal of Interdisciplinary History 33.2 (2002) 329-331 You are what you eat, or wear, or better yet, what you eat and wear, as well as where you live. So Bauer reminds us in this engaging and graceful treatment of five centuries of material life in Latin America. For Bauer, consumption, and it is consumption that he emphasizes, takes on added sig...
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The Americas 58.3 (2002) 494-495 During World War II, the Banco de México faced a number of challenges. War is an inherently inflationary environment, and Mexico, while basically a noncombatant, saw its prices rise rapidly. In part, inflation was imported, for the international supply of goods dried up while home demand increased. At the same time,...
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The Americas 59.1 (2002) 113-114 The connections between finance and economic development are notoriously complex and depend on a variety of institutional and behavioral considerations, none of which are necessarily stable over time or across countries. Understanding these connections also requires ample data as well as demanding techniques of anal...
Article
Modern historians emphasize that Indians in colonial Mexico were victims of Spanish oppression, but not merely victims. The native peoples turned the institutions and culture of the conquerors to their own needs, and in so doing they mitigated the burdens of colonialism. Economic historians have been slow to take up the challenge of understanding t...
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The Americas 57.4 (2001) 611-612 The Instituto Mora, along with El Colegio de Michoacán, El Colegio de México, and the Instituto de Investigaciones Históricas of the UNAM have collaborated in publishing a series, "Colección Lecturas de Historia Económica," of which this anthology is a part. There are, at present, ten volumes dealing with a wide arr...
Article
The Americas 58.1 (2001) 155-156 The reputations of major historians are usually made (or lost) on the basis of some critical part of their work and so they remain long after the reasons for praise (or blame) are forgotten. It's an understandable professional synecdoche, I suppose, although not an entirely fair one and even a bit lazy. Still, if yo...
Article
The Americas 58.2 (2001) 309-310 The disastrously bungled devaluation of the Mexican peso in 1994, what Carlos Salinas self-servingly called "el error de Diciembre," was a milestone in international financial history, precursor to the Asian and Brazilian financial crises of 1997 and 1998, and now the stuff of textbooks. The lesson to be drawn from...
Article
The Americas 58.1 (2001) 156-157 Although mining no longer drives the Mexican economy, its historical importance, if sometimes exaggerated, is nevertheless indisputable. Inés Herrera Canales's anthology, one of the valuable collection, Lecturas de Historia Económica Mexicana, published by the Instituto Mora (www.institutomora.edu.mx) provides a wid...
Article
There is little historical evidence to support the thesis that deteriorating terms of trade hindered Cuban and Latin American economic growth, at precisely the time when large international disparities in income began to emerge (1820s to 1870s). For Cuba at least, it was resurgent Spanish imperialism in the form of new tariffs, taxes, and outright...
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Journal of Interdisciplinary History 30.3 (1999) 555-556 A few years ago, a paper by Jeffrey Sachs and Andrew Warner, as yet unpublished, created a minor stir by arguing that abundant resources could handicap a country's economic development more than they helped. There were many explanations for this paradox, but two in particular seemed promising...
Article
I am of two minds in regard to a response to the reviews of Economic Growth and Change in Bourbon Mexico . Although I am gratified by the attention that it has received, I have been disinclined to engage in a debate about its merits and defects. Ultimately a book must stand on its own. Some will find that Economic Growth and Change makes a plausibl...
Article
The Wages of Conquest: The Mexican Aristocracy in the Context of Western Aristocracies. By HUGO G. NUTINI. Ann Arbor: University of Michigan Press, 1994. Pp. xviii, 444. Our Lady of Guadalupe: The Origins and Sources of a Mexican National Symbol, 1531–1797. By STAFFORD POOLE. Tucson: University of Arizona Press, 1995. Pp. 325. The History of Capita...
Article
Preface to the English Edition Acknowledgments Introduction 1. The Forces of Production 2. Tributary Despotism 3. Empire and the International Market 4. The Republica de los Espanoles (Structure) 5. The Republica de los Espanoles (Labor) 6. The Dynamics of the System Notes Bibliography Index
Article
I. Hace aproximadamente veinte años la serie mexicana SepSetentas publicó La historia económica en América Latina, compendio de un simposio celebrado en el trigésimo noveno Congreso Internacional de Americanistas. Para muchos jovenes historiadores de México la colección SepSetentas -asequible por diez viejos (muy viejos) pesos cada volumen en local...
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Tracing the origins of recent Latin American debt problems to the financial politics of the immediate post-independence period, Thomas Millington argues that the failure of Latin American states to fund their internal debts made them dependent on foreign credit. Negative political and social consequences remain today, he says, and suggests that deb...
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GriebKenneth J.: Guatemalan Caudillo: the regime of Jorge Ubico, Guatemala – 1931 to 1944 (Athens, Ohio: Ohio University Press, 1979, $16.00). Pp. xvii + 384. - Volume 13 Issue 1 - Peter Calvert
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Full-text available
Algunas consideraciones económicas, publicado anónimamente en México en 1836, presenta un análisis asombrosamente moderno de la depresión del siglo XIX. Los indicios internos sugieren que el autor pudo haber sido José Mariano Michelena, quien negoció un préstamo para México con Barclay, Herring & Richardson y cuya fortuna personal sufrió muchos de...
Article
Traducción de: Textiles and Capitalism in Mexico: An Economic History of the Obrajes, 1539-1840 Estudio de historia económica sobre la producción de paños de lana en el México colonial. Se investiga cómo fue afectada esta actividad económica en el contexto de escasez de la economía colonial. Inicia con una descripción de la variedad de la producció...

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