In this article, the author, the Brazilian Finance Minister in the late 1980s, uses his insights and experience to examine critically the identity crisis of the World Bank. Trapped by the neo-liberal turn in the 1980s, and ...

Este artigo discute o conceito de coalizões de classe como uma alternativa parcial à luta de classes na compreensão das sociedades capitalistas; define duas coalizões de classes básicas - a desenvolvimentista e a liberal; ...

Police regimes are incompatible with economic growth because liberal economists don’t see industrialization as a condition for economic development; because they pressed for trade liberalization, ignoring that the import ...

Economic theory deals with a complex reality, which may be seen through various perspectives, using different methods. Economics’ three major branches – development economics, macroeconomics, and microeconomics – cannot ...

The capitalist revolution was such a major economic, social and political transformation that that we can see history divided into two phases: ancient and modern times or pre-capitalism and capitalism. While ancient societies ...

The twenty century socialist revolutions have turned, first, into statist or technobureaucratic systems and, second, have proved to be a path to capitalism to the extent that the state is an effective instrument to promote ...

Global economic disgovernance rather than governance characterizes today the world economy. Two facts substantiate this assessment: the recurring balance of payment crises in developing countries, and the present enormous ...

Highly indebted countries, particularly the Latin American ones, presented dismal economic outcomes in the 1990s, which are the consequence of the ‘growth cum foreign savings strategy’, or the Second Washington Consensus. ...