2022. This paper explains the two long-term causes of 40 years of quasi-stagnation of the Brazilian economy: the liberalization trap, which eliminated the neutralization of the Dutch disease and made the exchange rate overvalued and the fall in public investments. (Brazilian Journal of Political Economy)
BRAZILIAN ECONOMY
MAIN HISTORICAL ANALYSIS
2017. An encompassing analysis of Brazil's society, economy, and politics since the Independence. A national-dependent interpretation. In the bookstores and in kindle
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)
2021. An encompassing analysis of Brazil's society, economy, and politics since the Independence. A national-dependent interpretation. (Book: Editora 34, updated 4th edition, 2021). Nas livrarias e Em kindle.
2015. Brazil is a national-dependent society. The three cycles of its independent history were, successively, "State and Territorial Integration", "Nation and Development" and "Democracy and Social Justice". Portuguese version available. (Paper, Latin America Research Review)
2003. The patterns of economic development and the political pacts in Brazil from Vargas (1930) to Lula (2003). 5th revised edition almost doubling the size of the book. (Book: Editora 34). Nas livrarias.
1968. Economic, social and political development between 1930 and 1960s'. New historical facts turn inviable Vargas' national-developmentalist political pact. Sold out. (Book: This first edition is available in PDF format)
2012. Brazil is a national-dependent society. The three cycles of its independent history were, successively, "State and Integration", "Nation and Development" and "Democracy and Social Justice". (Paper: Perspectivas) English version available.
2009. An encompassing analysis of the Brazilian macroeconomic system; a first attempt to build new-developmental macroeconomics. (This book is an atualized version of Macroeconomia da Estagnação). Available in bookstores
2007. An encompassing analysis of the Brazilian macroeconomic system. A first presentation of the developmental macroeconomics. Why Brazil failed to grow fast after the Real Plan. (Book: Editora 34) Out of print; availble in this site. English version available: Developing Brazil (2009).
2004. With Carmen Varela. Latin Americas quasi-stagnation in the 1990s can be explained principally by the growth cum foreign savings strategy. (Paper: Journal of Post Keynesian Economics)
1997. Third edition. An introductory book and also a personal essay on the Brazilian economy. (Editora 34) Nas livrarias
1992. Collected papers written between 1987 and 1991 analyzing the Brazilian foreign debt crisis, fiscal crisis of the state, and inflation. (Book: Editora Nobel). Esgotado. Available here in pdf.
1984. Economic development, political pacts, and crises in Brazil from 1930 to the early 1980s. English translation of the Portuguese edition. (Book: Westview Press) Available in kindle and print, and in pdf.
1977. An analysis of the modernizing, authoritarian and income concentrating character of the technobureaucratic-capitalist state, and of the respective model of development: "industrialized underdervelopment" (Book: Editora Brasiliense). Esgotado nas livrarias. Disponível in PDF format.
1974. The modernization and profissionalization of the business enterprises in Brazil. The social origins and the career of Paulista chief executives. Esgotado. Disponível em formato PDF.
1974. The "new development model" begins in Brazil in the late 1960s, and later I called "modelo de subdesenvolvimento industrializado". Contrarily to what Celso Furtado predicted, income concetration benefiting the middle classes was behind the resumption of growth as it made aggregate demand consistent with the production of luxury consumption goods by multinationals. Portuguese and English versions available. This paper elaborates on the 1970 article, "Dividir ou multiplicar: A distribuição da renda e a recuperação da economia brasileira".(Paper: Revista Dados)
(Paper: Desarrollo Economico)
1973. The "new development model" begins in Brazil in the late 1960s, and later I called "modelo de subdesenvolvimento industrializado". Contrarily to what Celso Furtado predicted, income concetration benefiting the middle classes was behind the resumption of growth as it made aggregate demand consistent with the production of luxury consumption goods by multinationals. Spanish and English versions available. This paper elaborates on the 1970 article, "Dividir ou multiplicar: A distribuição da renda e a recuperação da economia brasileira". (Paper: Revista Dados)