1988. Economic policy should follow the rationality principle, but ideological constraints in the right and the left, and the limitations of economic theory make such rationality problematic. (Paper: Revista de Economia Política)
OTHER TYPES OF WORKS
ACADEMIC PAPERS
1988. The country will only be able to resume growth if it combines fiscal adjustment with a substantial reduction of the the foreign debt, which should be unilateral, given the lack of dispostion of creditor to negotiate the securitization that I previously proposed. Versão inglesa ligeiramente reduzida em Christine Bogdanowicz-Bindert, org., Solving the Global Debt Crisis, New York: Harper & Row, 1989, com o título "A Debtor's Approach to the Debt Crisis" . (Paper in my edited book Dívida Externa: Crise e Soluções)
1987. Investment used to be financed by the state. Yet, given the fiscal crisis of the state, the private sector is supposed to play a more active role. First paper where I discuss the fiscal crisis of the state. English version available.(Paper: Revista de Economia Política)
1987. Interest expenditures and real state expenditures have different consequences on aggregate demand. Thus a contry may have a public deficit whose origin are the interests paid consistent with insufficient demand and unemployment. This was what occurred in the Brazilian economy in 1985. (Paper: Revista de Economia Política)*
1987. Investment used to be financed by the state. Yet, given the fiscal crisis of the state, the private sector is supposed to play a more active role. First paper where I discuss the fiscal crisis of the state. Portuguese version available(Paper)
1986. The tendency of the growth of the state discussed. (Chapter 7 of Lucro, Acumulação e Crise)
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)
1987. 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. Portuguese version available.(Paper: World Development)
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. (Paper in book edited by José Marcio Rego)
1986. This is the translation of the first part of the book Lucro, Acumulação e Crise [Profit Accumulation and Crisis] (1986) São Paulo: Editora Brasiliense.
1986. This is the translation of the fourth part of the book Lucro, Acumulação e Crise [Profit Accumulation and Crisis] (1986) São Paulo: Editora Brasiliense.
1985 {1986}. The Entrepreneurial or Producer State was essential to Latin Americas primitive accumulation and industrialization. Now, in the new stage that the more advanced Latin American countries are entering, it is time for the the Regulatory and the Social State. Yet, this transition is taking place together with the transition to democracy, a major debt crisis, and a neo-liberal ideological ofensive. Portuguese version available. (Paper: in book edited by Atilio Boron)*
1986. With Yoshikaki Nakano. Inertial inflation is consistent with the Philips that shifts continuously to the right. English version available.(Paper: Revista de Economia Política)
Capítulo VI de Bresser-Pereira, Luiz Carlos Lucro Acumulação e Crise. São Paulo: Editora Brasiliense, 1986. pp 89-96.
1985. The transition from the Entrepreneurial to the Regulatory State in Latin America is taking place in the middle of a financial (debt) crisis, the advancement of neo-liberal ideology, and the transition to democracy, after the state completed its role of promoting primitive accumulation. Spanish version available. (Paper in book edited by Atilio Boron Portuguese version just published here)
1985 (1988). With the transiction to democracy and the election of Tancredo Neves the probability of a populist political pact is small. The alternatives after democratization are a conservative pact based on the great bourgeoisie, or a progressive one based on the middle classes.Portuguese version available. (Paper in book edited by Chacel, Falk e Fleischer)
1985. With the transiction to democracy and the election of Tancredo Neves the probability of a populist political pact is small. The alternatives after democratization are a conservative pact based on the great bourgeoisie, or a progressive one based on the middle classes. English version available. (Paper in the book Pactos Políticos)
1984 (1987). With Yoshiaki Nakano. Inertial inflation is consistent with the Philips that shifts continuously to the right. Portuguese version available. (Paper in The Theory of Inertial Inflation. Boulder: Lynne Rienner Publishers, 1987: 109-116).
1984. With Yoshiaki Nakano. High inertial inflation can be neutralized by a heroic price freeze combined with conversion tables. The first proposal of a 'heterodox shock' in Brazil, published in July 1983, in Revista de Economia Política before Chico Lopes' August proposal publihed in a bulletin. English version available. (Paper: Revista de Economia Política
1984 [1987]. With Yoshiaki Nakano. High inertial inflation can be neutralized by a heroic price freeze combined with conversion tables. The original paper, in Portuguese, was the first proposal of a 'heterodox shock' in Brazil, published in July 1984, in Revista de Economia Política before Chico Lopes' August proposal publihed in a bulletin. (Chapter 4 of Bresser-Pereira & Nakano, The Theory of Inertial Inflation. Boulder: Lynne Rienner Publishers, 1987: 83-107).