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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Teoria macroeconômica

Documentos 61 a 65 de 65

Acumulação de capital, lucros e juros

1974 [1991]. A survey of the theory of the decision to invest and a critique of the neoclassical emphasis on the interests or on the normal profits. Investments, as the classical economists knew, depend essentially on profit expectations substantially higher than the interst rate. Variations in the expected profit rate are more important in explaining capital accumulation than variations in the interest rate. It elaborates "A decisião de investir, os lucros e os juros". (Paper: Texto para Discussão FGV Economia)

A decisão de investir, os lucros e os juros

1970. Adopting a classical perspective, this paper argues that variations in the expected profit rate and the corresponding shifts of the marginal efficiency of capital curve are more important in explaining investments than variations in the interest rate. I further developed this analysis in "Acumulação de capital, lucros e juros". (Paper: Texto para Discussão)

Economia Formal e Economia Política

1970. Economic theory is formed of two branches: formal economics, a sum of tools, and political economy, the analysis of real economic systems and problems. (Note: FGV/SP)

Da macroeconomia clássica à macroeconomia Keynesiana

1968 [1976]. A critique of microeconomics, and an analysis of the transition from classical to Keynesian macroeconomics.(Apostila FGV/SP, 42 pages)

Modelo de desenvolvimento econômico a dois setores

1967. An adaptation of Singer's model to middle income countries. The rate of development depends on the velocity the transference of man poer from agriculture to manufacturing. Given product/capital relation of 0.5 for manufacturing and 0.25 for agriculture, and 3% population growth, the investment rate required for a per capita GDP growth of 3% is 18.2% of GDP.(Paper: Revista de Administração de Empresas)

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