The Political Construction of Brazil

2017. An encompassing analysis of Brazil’s society, economy and politics since the Independence. A national-dependent interpretation. Three historical cycles of the relation state-society: State and Territorial Integration Cycle (1822-1929), Nation and Development Cycle (1930-1977) and Democracy and Social Justice Cycle (1977-2010). Crisis since then. (Book: Lynne Rienner Publishers)

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Macroeconomia Desenvolvimentista

2016. With José Luis Oreiro e Nelson Marconi. Our more complete analysis of Developmental Macroeconomics – the central economic theory within New Developmentalism. (book)

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Economia brasileira 1980-2002


Documentos 121 a 133 de 133



A Tecnoburocracia e o ciclo (Folha, 30.11.80)

1980 (Article: Folha de S. Paulo, 30.11)







A imobilização do Estado (Folha, 28.6.80)

1980 (Article: Folha de S. Paulo, 28.06)



O modelo e sua crise (Folha, 27.4.80)

1980 (Article: Folha de S. Paulo, 27.04)



A produtividade, os salários e a lei (Folha, 21.3.80)

1980 (Article: Folha de S. Paulo, 21.03)



Reforma agrária inadiável (Folha, 26.2.80)

1980 (Article: Folha de S. Paulo, 26.02)



Inflação e legitimidade política (Folha, 27.1.80)

1980 (Article: Folha de S. Paulo, 27.01)



A economia do subdesenvolvimento industrializado

1975. The basic characteristics of growth model that prevailed during the military regime: the technobureaucratic-capitalist model of industrialized underdevelopment. In macroeconomic terms it was based on the supply side on the production of luxury goods, on the demand side, on concentration of income from the middle-class upwards. French version available(



El nuevo modelo brasileño de desarrollo

1974. The "new development model" begins in Brazil in the late 1960s, and later I called "modelo de subdesenvolvimento industrializado". Contrarily to what Celso Furtado predicted, income concetration benefiting the middle classes was behind the resumption of growth as it made aggregate demand consistent with the production of luxury consumption goods by multinationals. Portuguese and English versions available. This paper elaborates on the 1970 article, "Dividir ou multiplicar: A distribuição da renda e a recuperação da economia brasileira".(Paper: Revista Dados) (Paper: Desarrollo Economico)



O novo modelo brasileiro de desenvolvimento

1973. The "new development model" begins in Brazil in the late 1960s, and later I called "modelo de subdesenvolvimento industrializado". Contrarily to what Celso Furtado predicted, income concetration benefiting the middle classes was behind the resumption of growth as it made aggregate demand consistent with the production of luxury consumption goods by multinationals. Spanish and English versions available. This paper elaborates on the 1970 article, "Dividir ou multiplicar: A distribuição da renda e a recuperação da economia brasileira". (Paper: Revista Dados)



The post-1966 expansion and the new model

1970. It corresponds to "Dividir ou multiplicar?" (1970). It claims that the Brazilian "economic miracle" (1968-1973) signaled a new, export oriented, model of development that made consistent aggregate demand and supply of luxury goods by concentrating income from the middle class upwards. (Chapter 7 of Development and Crisis in Brazil: 1930-1983)



Inflação inercial e Plano Cruzado

1986. Paper written a four months after the Cruzado Plan was lauched to control inertial inflation. The two main dangers the plan was facing were relative prices desiquilibria left by the plan and an increasing budget deficit. "Inflação inercial e choque heterodoxo in Brazil" written with Y.Nakano is a similar work. English version available.(Paper: Revista de Economia Política)




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