Works in English
Documentos 121 a 163 de 163
1992. With Vera Thorstensen. Brazil is going through an important moment in its international relations and foreign trade policies. Portuguese version available. (Paper: published in ECLAC/IDB edited book)
1992. When the costs involved in a given economic policy become excessive, the decision not to adopt the policy is rational rather than political. Reforms that are inefficient are irrational. (Note: Harvard International Review)
1991. With Fernando Dall'Acqua. Contrarily to what economic populists say, Keynes only admited budget deficits in special situations, as a temporary depart from fiscal balance. Portuguese version available.(Paper: Journal of Post Keynesian Economics)
1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt crisis and a fiscal crisis of the state. Portuguese, French, and Spanish versions available. (English version not published: just available in this site).
1991. Economic populism, left's protectionism, and the right's monetarist orthodoxy are together major obstacles to consistent and rational economic policies and reforms. Portuguese version with the title "Ideologias econômicas e democracia no Brasil" available. (Paper: Journal of Interamerican Studies and World Affairs)
1990. The debt crisis is without solution, and may require unilateral measures on the part of Latin American countries. The idea of free trading area in the Americas is welcomed.(Note in book edited by Baer & Petri)
1991. Based on research conducted in 1970 and repeated in 1990, this paper shows that, in 'abnormal times', when the interest rate is abnormally high, business enterprises' decisions on investment take into consideration the interest rate more attentively than they do in normal times. (Paper presented to LASA meeting)
1990. The rise of technobureaucracy or the professional middle class: in capitalism, sharing power with the bourgeoisie in the Soviet Union and other comand economies, as the ruling class. It is revised translation of A Sociedade Estatal e a Tecnoburocracia (1981) with the adition of the paper "Social Classes and Strata in Contemporary Capitalism". (Book unpublished: fully available here.)
1990. There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation. Portuguese version available.(Paper: Journal of Post Keynesian Economics).
1990. A und moratoria as we have today is not a solution for the debt crisis. Unilateral decisions should complement the Brady Plan so as to achieve a reasonable discount on the debt.(Paper in edited book)
1990. With Yoshiaki Nakano. This paper predicts the failure of the Collor Plan for failing to neutralize inertia, in a moment conventional orthodoxy was sure that it would be successful. Portuguese and French versions available. (Paper in book edited by Davidson and Kregel).
1990.The neoliberal wave can be understood in the framework of my theory of the cyclical character of state intervention. (Paper: Revista de La CEPAL)
1989 . State intervention has a cyclical character now the neo-liberal ideological wave is causing a reduction of the state, and distortions are being corrected, but sooner or later the movement will be reversed confirming the cycle. Portuguese version available. (Paper in World Development).
1989. The transition to democracy was an outcome of successful political popular-business pact, but mistaken ideoloiges originated in old nationalism and left populism, and on conservative clientelism, opportunism, social conservatism, monetarism, crude liberalism, and subordinated internationalism represent an obstacle to democratic consolidation and growth in Brazil. Portuguese version available. (Paper in book edited by Diane Ethier)
1989. Third world debt is so high that only its securitization with a discount in the line proposed in 1987 by me as finance minister of Brazil will solve the problem.
1989. (Article: World Link).
1989. The Brazilian crisis in the 1980s as a debt and a fiscal crisis. A summary of the negotiations. The solution of the debt crisis requires that creditors accept the seccuritization of the debt with a discount. Portuguese version available. (Paper in book edited by Christine Bogdanowicz-Bindert).
1989. There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation. Portuguese version available.(Paper in book edited by Fukuchi and Kagami).
1988. A comparison between the Cruzado Plan (1986) and the Bresser Plan (1987). Portuguese version available.(Paper in Pamela Falk's edited book, 1990)
1988. The 1987 negotiation of the foreign debt was guided by a question ("is the payment of interest consistent with the economic growth of Brazil?"), and by the idea of securitizing the debt with a discount. Portuguese version available. (Note: LASA Forum)
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)
1987. With Yoshiaki Nakano. Collected papers on the theory of inertial or indexed inflation. Translation of Inflação e Recessão (1984) with the addition of paper on the 1985 Cruzado Plan. (Book: Lynne Rienner Publishers)
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)
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)
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. Economic development, political pacts, and crises in Brazil from 1930 to the early 1980s. English translation of the Brazilian fourth edition of Portuguese edition available. (Book: Westview Press)
1984. The 'abertura' is a strategy that military are using to postpone the democratic transition that became inevitable since the Brazilian business men broke down their alliance with them.(Paper in Development and Crisis in Brazil: 1930-1983.)
1983 . With Yoshiaki Nakano. Translation of "Fatores aceleradores, mantenedores e sancionadores.da inflação" (1983). The founding paper on the theory of inertial or indexed inflation. Portuguese version available.
1983. With Yoshiaki Nakano. The founding paper on the theory of inertial inflation. One must distinguish the accelerating from the maintaining and the sanctioning factors of inflation. (Brazilian Journal of Political Economy)
1983 . A survey of the 1970s and an analysis of the causes of the crisis beginning in 1981: reversion of the economic cycle as consequence of overaccumulation, and the debt crisis. Portuguese version available. (Chapter 8 of Development and Crisis in Brazil: 1930-1983)
1982 (1984). An overview of the political and economic interpretations of Brazil before and after 1964. The two interpretations of Brazil before 1964 (agrarian vocation and national-bourgeois) and the four after 1964 (imperialist, functional-capitalist, dependency, and authoritarian modernization). Portuguese version available. (Paper: Latin American Perspectives).
1981. A sistematic analysis on social classes in contemporary capitalism distinguishing social classes from social strata and showing how the two concepts are interconected. Portuguese version available. (Paper: published only in this site)
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)
1968. ISEB's political model based on the aliance of the national bourgeoisie with the workers and the bureaucrats was correct. Yet, historical new facts led to the collapse of the populist and national-developmentalist pact and to the political crisis of 1961-64. (Chapter 4 of Development and Crisis in Brazil).
1968. Development defined as involving a Industrial and a National Revolution. (Chapter 1 of Development and Crisis in Brazil,1968)
1964. My 1962 research demonstrated that the Paulista industrialists that led the Brazilian industrialization were, mostly, descendants of middle class immigrants, not from coffee planters. ( Published Portuguese version available. (Paper: this English version only published here)
1962. A new salaried middle class is emerging in Brazil as a consequence of the Industrial Revolution that began in 1930. The Portuguese version appeared as Chapter 3 of Desenvolvimento e Crise no Brasil (1968). (Paper: Journal of Inter-American Studies).
1961. A Brazilian business school like FGV/SP should have an explicit economic development orientation. (Term paper: Michigan State University)
1960. Social mobilitity, decision-making patterns and conflict/cooperation of American business executives. (Term paper: MBA at Michigan State University)
1960. The decision process. (Short term paper, MBA, Michigan State University)
1960. The conflict that American graduate business students face between the drive for social mobility and the conditions found by William Henry: leaving home and forgeting friends (Term-paper: MBA at Michigan State University)
1995. A discussion of development economics ideas and of Word Bank's neo-liberal turn in the early 1980s. Portuguese version available.(Paper: Review of International Political Economy)
1992. Liberalization of the economy and the consolidation of democracy are only possible where the state and the civil society are strong. (Note: Discussion Paper)