"To conventional macroeconomic disequilibriums, such as fiscal and external crises, Figueroa adds the idea of a distributive crisis. After a theoretical discussion, Figueroa applies his model to the Peruvian crisis, which he assumes is based on a distributive crisis. Concludes that the country will not solve its economic problems until the distributive crisis is resolved. 'But, as Keynes used to say...by then we might all be dead...'"--Handbook of Latin American Studies, v. 57.