Degrees:
M.A., New School for Social Research
B.Ec., UCA (Jose Simeon Canas)
Armando Álvarez is a Ph.D. candidate in Economics at The New School. He began his academic career as a lecturer and researcher in the Department of Economics at Universidad Centroamericana “José Simeón Cañas” in El Salvador.
His research interests include Monetary Economics, Macroeconomics, and Political Economy, primarily from a theoretical perspective. In particular, he is interested in the potential contradiction between the introduction of money through credit and the self-organizing nature of capitalist production.
Armando has taught undergraduate courses in Macroeconomics and Growth Theories and has served as a graduate teaching assistant for Advanced Macroeconomics and Advanced Political Economy. In the classroom, he values how diversity and open communication enhance the learning experience by creating a safe space where students from various backgrounds can exchange ideas. He is especially committed to presenting multiple perspectives in economics to help students develop critical thinking skills.
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Macroeconomics
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Monetary Economics
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Political Economy
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ECON-202
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Current Macroeconomic Issues
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ECON-368
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Macroeconomics of National Accounts
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Financial Instability
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Endogenous Money
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Dollarization
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Theory of Value
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Input-Output Tables
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- Álvarez, A. (2025, February). A Marxian-Minskian approach to endogenous money and inflation. Paper presented at the Center for Heterodox Economics Inaugural Conference, The University of Tulsa, United States.
- Álvarez, A. (2025, February). Minsky’s Financial Instability Hypothesis in a post-Keynesian short-run model. Paper presented at the Eastern Economic Association Conference, New York, United States
- Álvarez, A. (2024). “Dollarization, fiscal crisis and stagnation: the case of El Salvador” in Sustainability and the public debt dynamic in El Salvador, Cáceres R. (ed.), 437-510. San Salvador: UCA Editores.
- Álvarez, A. and López, J. (2019). Keynesian multiplier and limits to the accumulation: an Input-Output analysis. Paper presented at the 27th International Input-Output Conference. Glasgow, Scotland.
- Álvarez, A. & Barrera, S. (2018). Socializing losses: the reforms of the pension system and its implication on the public debt of El Salvador, 1996-2017. Latin American Council of Social Science. Buenos Aires, Argentina.
- Álvarez, A., Arévalo, J., Argueta, C. and Vides, A. (2017), “Causation links between economic growth, public debt, and government spending in El Salvador”. In Balance del Pensamiento Económico Lationamericano, edited by Central Bank of Bolivia, 113-170. La Paz, Bolivia. Research awarded the first prize in the research topic "The State's role in Control and Mitigation of economic crises" in the II Congress of Latin American Economic Thought.
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- Outstanding Graduate Student Teaching Award, New School for Social Research, 2024
- Prize Fellowship to pursue Ph.D. degree, New School for Social Research, 2021-2025
- Fullbright Scholarship to pursue master’s degree, U.S. Department of State, 2019-2021
- Student Research Award, New School for Social Research, 2021
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