This chapter deals with the evolution of economic theories and policies in Colombia in the past half a century, assessing some of the key problems and solutions devised by Colombian economists during this period. I examine the priorities given to various issues as well as the context in which debates and economic policy-making took place. Economic debates in Colombia followed, albeit with less intensity, debates in the rest of Latin America. Until the late 1970s, those debates centered on development models and strategies; since