Julio López Gallardo (1941-2020)


  • Juan Carlos Moreno-Brid Universidad Nacional Autónoma de México
  • Carlo Panico
  • Martìn Puchet Anyul




Julio López, Structuralism, Kalecki


This obituary recalls the personal and intellectual trajectory of Julio López Gallardo, who recently passed away. A friend of the authors and this Review, Julio contributed widely to the literature on the development of Latin American countries, to Kaleckian models, and to structuralism. His main contributions concern the effective demand in the semi-industrialized economies, the different roles of fiscal and trade deficits in economic growth, and the structural role of the distribution of income on the development process.

JEL codes: B32, E11, O11


Bracho C.G., López Gallardo J. (2005), “The economic collapse of Russia”, Banca Nazionale del Lavoro Quarterly Review, 58 (232), pp. 53-89.

De Jesús Romo V., López Gallardo J. (2019), “On wage- and profit-led demand regimes: learning from the evidence”, Journal of Post Keynesian Economics, 42 (4), pp. 620-637.

De Jesús Romo V., López Gallardo J. (2020), “Modeling the real exchange rate: looking for evidence of the wage-share effect”, Review of Keynesian Economics, 8 (2), pp. 178-194.

López Gallardo J. (1991a), Teoría del Crecimiento y Economías Semi-industrializadas, Mexico: UNAM.

López Gallardo J. (1991b), “Contractive adjustment in Mexico, 1982-1989”, Banca Nazionale del Lavoro Quarterly Review, 44 (178), pp. 293-318.

López Gallardo J. (1993), “Transferencias externas, ajuste interno y potencial de crecimiento”, in Ros J. (ed.), La Edad de Plomo del Desarrollo Latinoamericano, Mexico: Fondo de Cultura Económica, pp. 147-176.

López Gallardo J. (ed.) (1997), Macroeconomía del Empleo y Políticas de Pleno Empleo para México, Mexico: Unidad Académica de los Ciclos Profesional y de Posgrado, UNAM, Miguel Ángel Porrúa librero editor.

López Gallardo J. (1998), La Macroeconomía de México. El Pasado Reciente y el Futuro Posible, Mexico: Unidad Académica de los Ciclos Profesional y de Posgrado – UNAM, Miguel Ángel Porrúa librero editor.

López Gallardo J. (2000), “Budget deficit and full employment”, Journal of Post Keynesian Economics, 22 (4), pp. 549-563.

López Gallardo J. (2002a), “Modernization, heterogeneity and employment in Mexico”, International Review of Applied Economics, 16 (2), pp. 227-242.

López Gallardo J. (2002b), “Two versions of the principle of effective demand”, Journal of Post Keynesian Economics, 24 (4), pp. 609-621.

López Gallardo J. (2004), “Economic crises in Latin America: some considerations in the light of Kalecki’s theory”, in Sadowski C., Zdzislaw L., Szeworski A. (eds.), Kalecki’s Economy Today, Routledge, pp. 201-214.

López Gallardo J. (2005), “Income distribution in Latin America. Theoretical considerations and Latin American Experience”, Économie Appliquée, LVIII (3), pp. 81-104.

López Gallardo J. (2006), “Spanish unemployment: balance of payments constrained growth and structural change”, International Journal of Political Economy, 35 (3), pp. 3-22.

López Gallardo J. (2008a), La Economia de Michal Kalecki y el Capitalismo Actual. Ensayos de Teoria Económica y Economía Aplicada, Mexico: Fondo de Cultura Económica.

López Gallardo J. (2008b), “Keynes in Latin America and Latin American Keynesianism”, in Forstater M., Wray L.R. (eds.), Keynes for the Twenty-first Century: the Continuing Relevance of the General Theory, Palgrave Macmillan, pp. 103-125.

López Gallardo J. (2018), “Growth dilemmas in open middle-income economies: a reflection on Mexico's recent experience”, Review of Keynesian Economics, 6 (3), pp. 333-51.

López Gallardo J. (2020), “France. The political economy of discontent: The Gilets jaunes movements”, PSL Quarterly Review, 73 (292), pp. 119-135.

López Gallardo J., Assous M. (2010), Michal Kalecki. Great Thinkers in Economics Series, Basingstoke: Palgrave Macmillan.

López Gallardo J., Cardim de Carvalho F. (2008), “Resuming growth in Latin America: short and long term policies”, Brazilian Journal of Political Economy, 28 (3), pp. 392-413.

López Gallardo J., Cruz B.A. (2000), “Thirlwall’s Law and beyond. The Latin American experience”, Journal of Post Keynesian Economics, 22 (3), pp. 477-495.

López V.A., López Gallardo J. (2006), “Manufacturing real wages in Mexico”, Brazilian Journal of Political Economy, 26 (3), pp. 459-474.

López Gallardo J., Malagamba-Morán A.S. (2017), “The wage-share in an open economy: discussing Mexico's experience”, Metroeconomica, 68 (4), pp. 833-858.

López Gallardo J., Mansilla R. (2007), “The Latin American theory of inflation and beyond”, in Pérez Caldentey E., Vernengo M. (eds.), Ideas, Policies and Economic Development in the Americas, New York: Routledge, pp. 81-97.

López Gallardo J., Mántey G. (1999), “Employment policies in an open semi-industrialized economy: reflections on the Mexican economy”, in Davidson P., Kregel J. (eds.), Full Employment and Price Stability in a Global Economy, Cheltenham: Edward Elgar, pp. 219-235.

López Gallardo J., Moreno-Brid J.C., Puchet Anyul M. (2006), “Financial fragility and financial crisis in Mexico”, Metroeconomica, 57 (3), pp. 365-388.

López Gallardo J., Mott T. (1999), “Kalecki vs. Keynes on the determinants of investment”, Review of Political Economy, 11 (3), pp. 291-301.

López Gallardo J., Perrotini I. (2006), “On floating exchange rates, currency depreciation, and effective demand”, Banca Nazionale de Lavoro Quarterly Review, LIX (238) (September), pp. 221-242.

López Gallardo J., Puchet Anyul M., Sanchez J. (2000), “Profit margins in Mexico’s manufacturing industry”, Metroeconomica, 51 (1), pp. 102-121.

López Gallardo J., Ruiz Durán C. (1990), “Growth and welfare in Latin American semi-industrialized economies in the 1990's”, in Felix D. (ed.), Debt and Transfiguration? Prospects for Latin America’s Economic Revival, New York: Routledge, pp. 45-58.

López Gallardo J., Sánchez V.A. (2000), “Private savings and financial modernization in Mexico, 1988-95”, Banca Nazionale del Lavoro Quarterly Review, 53 (214), pp. 317-339.

López Gallardo J., Sánchez V.A. (2008), “Short run macroeconomic effects of trade liberalization in Latin America”, Économie appliquée, 61 (3), pp. 5-34.

López Gallardo J., Sánchez V.A., Assous M. (2008), “Labor market flexibility and French unemployment”, Économie appliquée, 61 (2), pp. 43-65.

López Gallardo J., Valencia Arriaga R. (2015), “Macroeconomic effects of high interest rate policy: Mexico's experience”, PSL Quarterly Review, 68 (274), pp. 215-237.

López Gallardo J., Valencia Arriaga R. (2019), “Fighting inflation in Mexico: theory and evidence”, Journal of Post Keynesian Economics, 42 (2), pp. 169-190.




How to Cite

Moreno-Brid, J. C., Panico, C., & Puchet Anyul, M. (2020). Julio López Gallardo (1941-2020). PSL Quarterly Review, 73(293), 113–117. https://doi.org/10.13133/2037-3643_73.293_1