2023. This paper is the history of how the theory of inertial inflation was developed in Brazil in the early 1980s, when inflation was very high, much higher than the stagflation that happened in the United States in the previous decade.
OTHER TYPES OF WORKS
ACADEMIC PAPERS
Luiz Carlos Bresser-Pereira, Carmem Feijó e Eliane Cristina Araújo (2022) This paper criticizes the “fundamental equilibrium” concept and develops two econometric tests. The first checks whether the four determinant variables used in the model are
relevant. The second verifies whether this model is a good predictor of the exchange rate throughout time.
2022. Paper a ser publicado.
2022. Economic development is the economic side of human progress - the advancement of nation-states in realizing the political objectives of modern societies. The Republican State is the state of citizens endowed with civic virtues. (Chapter of book being written).
2022. After the Agrarian Revolution, 10.000 years BC, the Capitalist Revolution (From the 14th to the 19th century) was the second greatest change in history. We can distinguish four types of capitalist revolutions, all happening in the framework of the developmental state. (Chapter of book being written)
2021. The tittle says everything. This essay may also be an introduction to economic development and Latin America. Texto para Discussão EESP/FGV 554.
2021. Rentier capistalists ceased to command accumulation of capital and innovation. Managers do that. Neoliberal capitalism is changing into a managerial capitalism in which technobureaucrats assumed this role, while democracy is checking the threat represented by right-wing populism. RAE - Revista de Administração de Empresas, 61 (3), 2021: 1-11. English version available
2021. From the 1980s, Brazil quasi-stagnated while East-Asia continued to grow. What went wrong? (Paper in Economic Dynamics and Structural Change)
2021. Rentier capistalists don't command capital accumulation and innovation. Managers do that. Neoliberal capitalism is changing into a managerial capitalism, while democracy is checking the threat represented by right-wing populism. RAE - Revista de Administração de Empresas, 61 (3), 2021: 1-11. Portuguese version available
2021. This essay draws in several previous papers.
Chapter 5 of the book being written, After Capitalim, Democratic Managerialism, June 2021
2021. The Industrial Revolution made capital the dominant production relation in entrepreneurs' capitalism; the Second Industrial Revolution and the associated organizational revolution promoted the shift from the strategic factor of production of capital to technical and administrative knowledge and made the emergence of the managerial class a definitive historical phenomenon. (Chapter of book being written)
2020. In rich countries, the authoritarian character of right-wing populism does not mean that democracy is dying. It is a reaction to neoliberalism which in the last 40 years did't improve the sort of the white lower middle-class. (Lua Nova-Revista de Cultura Política)
Paper. With Elias Jabbour and Luiz Fernando de Paula.
2021. The liberal policy regime is incompatible with growth in Latin America. (Paper with Carmem Feijó and Eliane de Araújo to be published in Oxford Handbook on Secular Stagnation).
Working paper EESP/FGV 541, February 2021.
2020. The poor outcomes of the Brazilian government in fighting the health and economic problems associated to Covid-19 when compared with Argentina and France. (Paper in Revista de la CEPAL). Published also in Portuguese.
2021. Around 1980 China made the right choice of economic policy regime (developmentalism) and the US, the wrong choice. This is one of the reasons for the US losing gradually hegemony to China. (Chapter of a book being written)
2020. Many rich countries are financing the huge Covid-19 expenditures by monetary emission. Brazil should have done the same. Portuguese version available. (Paper: Brazilian journal of Political Economy) English version available
Este artigo examina os impactos do Covid-19 sobre a população e a economia brasileira. Published also in Spanish.