Works in English
Documentos 1 a 60 de 169
2020. With Luiz Fernando de Paula and Miguel Bruno. Portuguese version available
2020. A retention or tax on the export of commodities will neutralize the Dutch disease and assure to the manufacturing industry equal conditions in the competion with other countries. The tax will not represent a buden to the exporters, because they receive back their money on the form of depreciation of the real. (Paper: Journal of Post Keynesian Economics)
2020. New Developmentalism is a theoretical framework being defined since the early 2000s. It is a political economy and a development macroeconomics that originates from Development Economics and Post-Keynesian Macroeconomics. (Paper in Challenge,)
2011. (Paper) The final version of this paper is Democracy and capitalist revolution,but I decided to conserve this earlier version.
2019. All industrial revolutions happened in the framework of a developmental state. We can distinguish in history four basic models of developmental state. Spanish version available(Papers)
2019. The Industrial Revolution made capital the dominant production relation in entrepreneurs' capitalism; the Second Industrial Revolution and the associated organizational revolution promoted the shift from the strategic factor of production of capital to technical and administrative knowledge and made the emergence of the managerial class a definitive historical phenomenon. (Chapter of book being written)
2019. Latin America was not bcaught in the 'middle-income trap" but into the "1980s' liberalization trap", while East Asia overcome its middle-income condition and are today rich countries, or, in the case of China, heading to become so. (paper)
2019. List of Bresser-Pereira's theoretical contributions and respective papers or books. .
2017. Capitalism and the state are either developmental, or liberal. Developmentalism and economic liberalism are two forms of coordinating capitalism. Capitalism was born developmental anywhere, in England or in the US, in Germany or in Brazil, in Japan or in China. (paper: Brazilian Journal of Political Economy)
2018. A retention or tax on the export of commodities will neutralize the Dutch disease and assure to the manufacturing industry equal conditions in the competion with other countries. The tax will not represent a buden to the exporters, because they receive back their money on the form of depreciation of the real.
2018. Rentiers, the inheritors of the entrepreneurs, and financiers, a special type of technobureaucrats, are the fuling classes in contemporary capitalism; neoliberalism is their ideology. The financiers manage the wealth of the idle rentiers and act as organic intellectuals of this very narrow class coalition. (Paper to be published)
2018. The phases of capitalist development having as criteria the variables of Marx's model of the falling tendency of the rate of profit. It actualizes the book Lucro, Acumulação e Crise (1986). (Paper in the Brazilian Journal of Political Economy)
2018. An encompassing paper on economic nationalism, its relation to developmentalism, and why it is a condition of growth in a world where nation-states rather compete than cooperate. (published paper)
2017. A short (4.000 words) summary of new developmentalism - a new theoretical framework for allow middle-income countries to grow again. (DOC Research Institute website) (Available in Portuguese)
2017. The first developmentalism was mercantilism, the second, Fordism, which was a progressive class coalition. After the 2008 Crisis neoliberalism turned demoralized, state intervention increased, and a third developmentalism is looming, but it will be a conservative capitalism due to the competition of China and other developing countries.
2017. Rentier-financier capitalism is in economic crisis since 2008 and in political crisis since 2016. The secular stagnation issue was brought again to the fore, in so far as capitalism turned again liberal (instead of developmental) since 1980. But it is more likely that rich countries will face low growth, financial instability, and increasing inequality, unless they are able to criticize economic liberalism. (Paper for Berlin conference)
2016. Against conventional wisdom, countries that don't incur into current account deficits grow faster, because such deficits correspond to an overvalued currency that encourages consumption and discourages investment. (Paper)
2017. A central objective of the 1995 Managerial Reform of the State was to turn more efficient the large social services, and so, legitimize the Social State defined in the 1988 Constitution. Paper Portuguese version available
2017. The Dutch disease is an economic problem that a simple economic policy may resolve, while the natural resource curse is a political-cultural problem very difficult to resolve. Paper presented in St. Petersburg.
2017. Pre-industrial countries are supposed to realize their capitalist revolution in a global political famework that requires that they are democratic. But today's rich and middle income countries made it while their regimes was authoritarian. (paper in the BJPE)
2015. Pre-industrial countries are supposed to realize their capitalist revolution in a global political famework that requires that they are democratic. But today's rich and middle income countries made it while their regimes was authoritarian. (Texto para Discussão EESP/FGV n.410, january 2016). Publicado no Brazilian Journal of Political Economy.
2016. All industrial revolutions happened in the framework of a developmental state. We can distinguish in history four basic models of developmental state. Portuguese version available.(Texto p/ Discussão)
2016. National solidarity, first, and social-democracy, later on, have mitigated Capitalist exploitation. The demise of these two institutions led global capitalism to the present political crisis. (essay)
2016. Paper with Thiago de Moraes Moreira. Current account deficits, even when financed by direct investments, hinder instead of enhance growth because the cause overvaluation of the national currency. (Paper in edited book to be published)
2015. New Developmentalism is a theory that was preceded by Classical Developmentalism. It focus on the equilibrium of five macroeconomic prices, and of the two macro accounts, particularly the current or external account.
2015. With Fernando Rugitsky. Classical Developmentalism (Prebisch et al.) was skeptical in relation to exchange rate policy, preferring industrial policy on the form of high import taxes, while for New Developmentalism the neutralization of the tendency to the cyclical and chronic overvaluation of the exchange rate is the key policy to be adopted. (Paper Cambridge Journal of Economics)
2015. Brazil is a national-dependent society. The three cycles of its independent history were, successively, "State and Territorial Integration", "Nation and Development" and "Democracy and Social Justice". Portuguese version available. (Paper, Latin America Research Review)
2015. Since 2003 a developmental government tried change the perverse liberal tripod, but eventually failed, as it was victim of exchange rate and fiscal populism, while the international situation deteriorated. (Paper in edited book)
2015. With Marcus Ianoni. A theoretical discussion of developmental class coalitions, and its application in three experiences: mercantilism, Bismarkism, and the Golden Years of Capitalism. (Paper to be published in edited book - Texto para Discussão EESP/FGV n. 386)
2014. With Nelson Marconi and José Luís Oreiro. Developmental Macroeconomics is a book on development macroeconomics associated with New Developmentalism. In its core are the exchange rate and the current account, instead of the budget deficit and the interest rate. (Book: Routledge) Nas livrarias e em Kindle
2014. (Paper in edited book)
2014. With Eliane Araújo e Paulo Gala. Econometric comprovation of a high rate of substituition of foreign for domestic savings. (Paper: Revista EconomiA) Portuguese version available.
2014. With José Luis Oreiro and Nelson Marconi. A synthesis of structuralist development macroeconomics and the critique of the "foreign constraint" thesis. (Paper in edited book)
2014. In developing countries it is not enough to secure demand for entrepreneurs to invest; additionally, is required access to it, which only a competitive exchange rate can assure. (Paper Keynesian Brazilian Review)
2014. Progress was associated with the advance of reason, development with the fulfillment of the five political objectives that modern societies set for themselves: security, freedom, economic well-being, social justice and protection of the environment. (Paper in edited book).
2013. How did inequality vary along the history of capitalism? Which were the phases, and the role of technical progress? Why inequality increased since the 1980s in rich countries? (Paper in Forum for Social Economics)
2013. A revised version of my 2008 paper on the Dutch disease in which I distinguish the value from the market price of the exchange rate. (Paper: Brazilian Journal of Political Economy)
2013. The neoliberal policy regime was defined by economic, political and "hegemony" constraints, but while not complying with first two implies malfunctioning of the system, the non compliance of hegemony constraints just means that the interest of the neoliberal class coalition were not served. (Paper in edited book)
2012, with Daniela Theuer. Improved version of Um Estado novo-desenvolvimentista na América Latina?. Published also in French Amérique Latine : après les années néolibérales, l'État développementiste est-il de retour?
2012. In this paper I finally defined the relation between the exchange rate and the investment rate (and so, the growth rate). Investment depends on the exchange rate because as the theory says that it tends do become overvalued in the long-term (for several years) within the exchange rate cycle, companies will take this overvalued currency as reference in their investment decision and will refrain from investing (Paper: Estudos Avançados) Portuguese version
2012 (2015). New developmentalism and its structuralist development macroeconomics is theory/strategy, here compared with old developmentalism and liberal orthodoxy. (Paper in book in homage of Roberto Frenkel)
2012. A sum up of a structuralist development macroeconomics and of the ensuing national development strategy: new developmentalism. A theoretical step ahead in relation to Globalization and Competition. (Paper: Brazilian Journal of Political Economy)
2012. There are three models of developed capitalism (liberal-democractic or Anglo-Saxon, social or European model, and Japanese model and two models of developing capitalism: the Asian developmental model and the liberal-dependent model. (Paper: Revista de Economia Política). Portuguese version available.
2012. Transition to democracy can happen before the capitalist revolution, but democratic consolidation depends that it is "completed", i.e., that economic surplus is appropriated in the market. (Paper: Économie Appliquée) Versão atualizada de Why did democracy become the preferred political regime only in the twentieth century
2011. The core of neoclassical economics (general equilibrium and rational expectations macroeconomics) is demoralized. A Keynesian-structuralist alternative is available. What is necessary to do to become mainstream again. Portuguese version available. Also available a Slide presentation.
2012. Paper presented to the annual meeting of the Association for Evolutionary Economics (AFEE), receiving the James Street Scholar for 2012. Chicago, January 7, 2012. (Journal of Economic Issues).
2011. My more complete paper on new developmentalism. In José Antonio Ocampo and Jaime Ros, eds. Handbook of Latin America Economics, Oxford: Oxford University Press. (Paper). Portuguese version available.
2010. The 2008 financial crisis signaled the end of 30 Neoliberal Years of Capitalism. It was caused by the deregulation promoted by the neoliberal ideology justified "scientifically" by neoclassical economics. Paper (Revue de la Régulation).
2010. Democratization is the improvement of the quality of democracy. Besides reduction of political inequality, it requires reduction of economic inequality. (Paper for the Festschrift of José Maria Maravall).
2010. Economic constraints are not the only cause for economic inequality remaining so high in the world. (Short article: Peace Review)
2010. The public management reform was required by the rise of the social or welfare state, and proved instrumental in legitimizing it in so far as it makes social and scientific services provided by the state efficient. Portuguese version available. (Article: Revista de Administração de Empresas)
2010. The 2008 financial crisis was caused by the deregulation promoted by neoliberal and financialized capitalism with the support of neoclassical economics. (Paper: Revista de Economia Política)
2010. With Marcio Holland. Latin America integration, particularly Mercorsul, would be strengthened if there was a common currency. We should work on this direction. (Paper : Journal of Post Keynesian Economics.
2009. The 2008 financial crisis was caused by the deregulation promoted by neoliberal and financialized capitalism with the support of neoclassical economics. (Paper: Journal of Post Keynesian Economics)
2009. Neoliberalism and its "scientific" justification, neoclassical economics, were more than just an assault on the state it was also an assault to the market. (Essay: Estudos Avançados). A slightly modified version, "Economics: an assault on the state", has been published in Challenge, 53 (5), September 2010: 57-77.
2008. Neoclassical economists use the hipothetical deductive method, but an empirical-deductive method, particularly the new historical facts approach, is a a more advisable aternative. (Paper: Journal of Post Keynesian Economics). Portuguese version available.
2009. Over-exploitation as well as associated dependency interpretations denied the possibility of national bourgeoisies in the region and contributed to weakening Latin American nations. Only a third version of dependency - the national-dependent interpretation - escaped this fate. Published in English in Latin American Perspectives 178, vol. 38 (3) May 2011Portuguese and French versions available. (Paper: Latin American Perspectives).
2008. To avoid new global financial crisis it would be necessary to convene among nations a maximum current account deficit in relation to GDP that would be allowed to countries. (Article just published in this website)
2008. A country suffering from the Dutch disease has two "equilibrium" exchange rates: the "current equilibrium" that is inconsistent with economic growth, and the"industrial equilibrium" that will be achieved if the country is able to neutralize the disease. (Paper: Brazilian Journal of Political Economy)