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Do liberal policy regimes condemn Latin America to quasi-stagnation?
(2021-02)
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 ...
South Korea’s and China’s catching-up: a new developmentalist analysis
(2019-10)
The purpose of this paper is to analyze the catching-up processes of South Korea and post-1978 reforms China, based on a new developmentalist approach that considers four fundamental factors: 1) a complementarity relationship ...
Rentier-financier capitalism
(2018-05)
Since the beginning of the twentieth century there are three basic social classes: the capitalist class or bourgeoisie, the working class and the professional class or technobureaucracy. In the first part of the century, ...
Neutralizing the Dutch disease
(2018-05)
This paper discusses the political economy involved in the required neutralization of the Dutch disease – a long-term overvaluation of a national currency originated in exports of commodities that generate Ricardian rents ...
Afinal, a estagnação secular do capitalismo?
(Associação Nacional de Pós-Graduação e Pesquisa em Ciências Sociais - ANPOCS, 2018)
Historical models and economic syllogisms
(Routledge, 2018)
This paper proposes a classification of economic models into three types: historical, axiomatic and conditional. Historical or empirical models utilize the historical-deductive method, and are generalizations from the ...
Secular stagnation in the framework of rentier-financier capitalism and globalization
(2017-10)
Rentier-financier capitalism, neoliberalism and globalization have been in a crisis since 2008. It is characterized by low growth rates, quasi-stagnant wages and increase of inequality since rentiers replaced business ...
The economics and the political economy of new-developmentalism
(2017-10)
This paper resumes new developmentalism – a theoretical framework being defined since the early 2000s to understand middle-income countries. It contains a political economy, the beginning of a microeconomics and a ...
Como sair do regime liberal de política econômica e da quase-estagnação desde 1990
(Instituto de Estudos Avançados da Universidade de São Paulo, 2017-04-01)
Brazil has grown extraordinarily between 1930 and 1980 under a regime of developmental economic policy; since 1990, it is quasi-stagnant under a liberal regime. Lula did nothing to change it. Dilma Rousseff tried, in 2011, ...
Reforma gerencial e legitimação do estado social
(Fundação Getulio Vargas, 2017-02-01)
This paper lists three new historical facts after the Second World War: the emergence of the welfare or social state in the 1940s, its rejection by a rentier and financier neoliberal ideology that becomes dominant from the ...
