ACADEMIC PAPERS

2019. Economic growth involves increase of real wages. Which are not detemined by the subsistence level of the workers but from their cost of reproduction that increase with the value-added per capita, while the profit rate remains satisfying - enough to lead companies to invest. Paper (Nova Economia)

2017. The Brazilian economy is quasi stagnant since the 1980s. Public savings are insufficient to finance public investments. Since 1990, it is caught in a high-interest rate-overvalued currency trap that makes the competent industrial firms not competitive and unable to invest. (Paper in Handbook)

2019. Secular stagnation of contemporary capitalism is associated to low productiviity, profits achieved through monopoly power, profusion of capitals, and the successful competition of some developing countries. (International Journal of Political Economy)

2019. Com Cícero Araújo. The neoliberal project failed. Is the alternative project - a developmental project - to succeed in the framework of globalization? (Paper: Dados)

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. A society is just when economic and political inequality is reasonably low. Institutions that assure civil and political rights are able to eliminate legal privileges by making everybody equal before the law, but they are less effective in reducing economic inequality, which is embedded in the structure of society.

2019. The Capitalist Revolution envelops the Commercial Revolution, the formation of the nation-states, and the industrial revolution. England was the first nation to "complete" it. After each country makes the Capitalist Revolution, economic development begins and turns self-sustained. (paper)

2017. A guide to the ones who may be interested in a general vision of the work of Bresser-Pereira.

2018. Direitos republicanos são os direitos que cada cidadão tem de que o patrimônio público seja utilizado para fins públicos. (article: Revista do Serviço Público)

Speech on the public act in defense of democracy, "Juntos pela Democracia", reflecting the concern with the election of Jair Bolsonaro. Faculdade de Direito da USP.

2018. Multilateral Development Banks (MDBs) are designed to finance investments to promote global economic and social development. The objective of this paper is to discuss a key component to meet the demand for investment from developing countries, which is the ability of MDBs to provide loans in local currency rather than in foreign currency. To explain how these institutions fulfill this purpose, we distinguish "traditional" from "new" MDBs, discuss the problems generated from foreign currency indebtedness and explore a way out, or an alternative explanation, based on New Developmentalism theory and local currency financing challenge.

2018. New developmentalism was born from classical developmentalism and post-Keynesian macroeconomics. This paper tels this history. Is a good introduction do new developmentalism. (Paper)

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. (Revista de Estudos Avançados,USP)

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. (Discussion Paper)

2018. Estes pontos pretendem constituir uma teoria histórica do Estado e ser uma alternativa à teoria contratualista.

2018. Developmentalism is the twin brother of economic nationalism, as it is the ideology of development geared toward industrialization that assumes a moderate state intervention in the economy and the defense of national interest in a world in which competition between nations is stronger than cooperation. (Paper in Economia e Sociedade; English version also in this site).

2018. Paper presented in the Shanghai Forum.

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. 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. Why it is a condition of growth in a world where nation-states rather compete than cooperate. (Paper in t, Turkish journal. Portuguese version also in this site)