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The Legacies of Liberalism Jeffrey Morton this new edition of aDespite their many similarities, Central American countries during the twentieth century were characterized by remarkably different political regimes. In a comparative analysis of Guatemala, El Salvador, Costa Rica, Honduras, and Nicaragua, James Mahoney argues that these political differences were legacies of the nineteenth century liberal reform period. Presenting a theory of ''path dependence,'' Mahoney shows how choices made at crucial turning