Economic History of Puerto Rico: Institutional Change and Capitalist Development

(Paperback)

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This is a comprehensive and detailed account of the economic history of Puerto Rico from the period of Spanish colonial domination to the present. Interweaving findings of the "new" Puerto Rican historiography with those of earlier historical studies, and using the most recent theoretical concepts to interpret them, James Dietz examines the complex

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"Dietz has written a remarkably comprehensive account of the historical background to all this, using the latest theoretical concepts in economic science to buttress his case that the industrialization program of the last thirty years has essentially failed to solve the problems of persistent structural unemployment, continuing inequities in income, escalating consumerism followed by massive personal indebtedness, and continuing structural dependency on the U.S. market system."--American Historical Review