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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Inflação no capitalismo de Estado (e a experiência brasileira recente)

Luiz Carlos Bresser-Pereira

Revista de Economia Política 1(2), abril-junho 1981: 3-41. Reproduzido em Inflação e Recessão.

This paper uses administrative theory of inflation to explain stagfation in capitalist economies. High rates of inflation would be consequece of increased monopoly power. Yet, it already emphasizes the endogenous character of money endogeneity, and offers a first view of inertial inflation as it argues that firms A, B, and C increase prices in a staggered way.

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