{"title":"Acumulação e rentismo: resgatando a teoria da renda de Marx para pensar o capitalismo contemporâneo","authors":"L. Paulani","doi":"10.1590/0101-31572016V36N03A04","DOIUrl":"https://doi.org/10.1590/0101-31572016V36N03A04","url":null,"abstract":"The investigation of Marxist literature in recent years reveals the recurrence of certain themes that are indicative of the contemporary way of working of the capitalist system (commodity-knowledge, value added by brand, financialization). Although seemingly unrelated, these phenomena can be theoretically connected with the aid of Marx's theory of rent, as it appears in Section VI of Book III of Capital, and in Theories of Surplus Value. The purpose of this article is to rescue Marx's observations in these works to think about the interconnectedness of the contemporary phenomena mentioned above and the nature of the current process of capital accumulation. This theoretical exercise seems to show that the rent seeking is, nowadays, one of the most striking features of this process.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"204 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132152685","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fundamentos macroeconômicos nas perspectivas de Marx e Keynes: contribuições para a heterodoxia","authors":"P. Lima, A. Amado, M. D. L. R. Mollo","doi":"10.1590/0101-31572015V36N03A08","DOIUrl":"https://doi.org/10.1590/0101-31572015V36N03A08","url":null,"abstract":"The need to define microeconomic foundations for macroeconomic models, which is present in the mainstream thinking in contemporary economics, can be questioned on the basis of different theoretical approaches. Positions like those of Marx and Keynes permit the comprehension of the actions of economic agents (groups or classes) as influenced and limited by the social and macroeconomic environment, providing views of macroeconomic foundations of microeconomics, instead of the orthodox view of microfoundations of macroeconomics. This comprehension sheds light on distinct perspectives in heterodox thought regarding the intervention in the macroeconomic context.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"113 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132589018","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The sources for orthodox and heterodox trade and industrial policies in Brazil","authors":"J. Rothacher","doi":"10.1590/0101-31572016V36N03A07","DOIUrl":"https://doi.org/10.1590/0101-31572016V36N03A07","url":null,"abstract":"The Brazilian government has over the past years promulgated a mix of orthodox and heterodox policies for Brazil's economic development. This paper seeks to test whether the existing economic ideas have been prescriptive in formulating the policies, or whether they have been the outcome of the \"infusion of private interests\" (Katzenstein, 1978) in the policy making process. To this end, the paper charts the origins of the unilateral opening for trade in the agribusiness and contrasts them with the policy process in the car industry, where trade barriers have been erected. The article will identify the channels through which private actors informed the government's interventions and show that the industry bodies have largely prodded the government. The resulting policy maze has left both the representatives of the orthodox as well those of the heterodox approach unsatisfied and has failed to halt Brazil's dwindling manufacturing capabilities.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124030124","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fiscal costs of monetary policy: indirect effects of an interest rate shock on Brazilian public net debt","authors":"L. Carvalho, André Diniz, Ítalo Pedrosa, P. Rossi","doi":"10.1590/0101-31572015V36N03A06","DOIUrl":"https://doi.org/10.1590/0101-31572015V36N03A06","url":null,"abstract":"The paper estimates the fiscal cost of an increase in the Brazilian policy interest rate - the SELIC - by considering not only the direct effect on the yield of public bonds that are indexed to the SELIC, but also indirect effects on: (i) the yield of public bonds that are indexed to the exchange rate and inflation, and (ii) the stock of public net debt through adjustments in the value of international reserves measured in domestic currency. Projections are based on the estimation of the relationship between interest rates, exchange rates and inflation by means of a vector auto-regression. We conclude that the inclusion of such indirect effects has an ambiguous effect on the response of the implicit interest rate on public net debt to shocks in the SELIC, when adjustments in the value of international reserves are not considered. However, the inclusion of the latter amplifies the fiscal cost of a more restrictive monetary policy. These results call for a better coordination between monetary, fiscal and exchange rate policies in Brazil.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130526680","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Brasil: geopolítica e \"abertura para o pacífico\"","authors":"Raphael Padula, José Luís Fiori","doi":"10.1590/0101-31572016V36N03A05","DOIUrl":"https://doi.org/10.1590/0101-31572016V36N03A05","url":null,"abstract":"The paper analyzes the challenges of the new stage of Brazilian foreign policy, and in particular its project of South American integration and economic forecast for the Pacific coast. It remarks the dynamics and the challenges presents in different integration initiatives in South America, especially in the Pacific Alliance, the Iniciative for Integration of Regional Infrastructure in South America and the South American Council of Infrastructure and Planning.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129056212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Boulevard to broken dreams, Part 2: Implementation of the Polonoroeste road project in the Brazilian Amazon, and the World Bank's response to the gathering storm","authors":"R. Wade","doi":"10.1590/0101-31572016V36N03A10","DOIUrl":"https://doi.org/10.1590/0101-31572016V36N03A10","url":null,"abstract":"This is the second part of the essay on the circumstances that led the World Bank to embrace norms and operational policies for environmental and indigenous people's protection in the late 1980s, as traced through the turbulent history of the Polonoroeste road project in the Brazilian Amazon. Polonoroeste became the spearhead with which environmental NGOs made their first attack on the Bank for participating in large-scale environmental and indigenous peoples' destruction.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"123 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134119499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jacob Kleinow, Mario García Molina, Andreas Horsch
{"title":"Systemically important financial institutions in Latin America - a Primer","authors":"Jacob Kleinow, Mario García Molina, Andreas Horsch","doi":"10.2139/SSRN.2441874","DOIUrl":"https://doi.org/10.2139/SSRN.2441874","url":null,"abstract":"Financial institutions show a characteristic risk exposure and vulnerability, making them prone to instability. Financial systems in Latin America, however, were left largely unscathed by the global financial crisis starting in 2008. This state-of-the-art survey provides an in-depth analysis on the identification and regulation of systemically important financial institutions (SIFIs). While Latin America benefits from its rich historical experience in managing systemic risks, we find the problem of SIFIs to be still underestimated. However, there are first efforts to cope with SIFIs in science and particularly Latin American supervisors and regulators are starting to take the threat posed by SIFIs seriously.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"255 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115491763","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Why transaction costs are so relevant in political governance? a new institutional survey","authors":"Gonzalo Caballero, David Soto-Oñate","doi":"10.1590/0101-31572016V36N02A05","DOIUrl":"https://doi.org/10.1590/0101-31572016V36N02A05","url":null,"abstract":"The New Institutional Economics, led by four Nobel laureates (Ronald Coase, Douglass North, Oliver Williamson and Elinor Ostrom), has showed that institutions and organizations are a medium for reducing transaction costs and obtaining a higher efficiency in economic performance. This paper goes into the research program of the New Institutional Economics to explain the relevance of transaction costs in political exchange and organization and show that transactions costs are even higher in political markets than in economic markets. The paper reviews the main contributions on institutions, transaction costs and political governance, and provides some lessons on political transacting and governance. The survey includes the most detailed catalogue of political transaction costs that has ever been published.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"90 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115758926","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A estrutura e o mercado: uma análise comparativa do Plano Trienal e do PAEG","authors":"Leandro Vizin Villarino","doi":"10.1590/0101-31572016V36N02A07","DOIUrl":"https://doi.org/10.1590/0101-31572016V36N02A07","url":null,"abstract":"Este artigo propoe uma analise dos textos Plano Trienal e PAEG, documentos de planeamento economico brasileiro dos anos 1960, verificando, por um lado, os aspectos teoricos e conceituais sobre o seu diagnostico retrospectivo, e, por outro, as condicoes socioeconomicas de cada projeto de texto prospectivamente como condicao para a obtencao dos efeitos pretendidos. Essa analise nao pretende apenas verificar a adequacao de cada projeto a realidade brasileira, mas entender como os problemas internos de cada texto e suas relacoes podem ser elucidativos nao apenas para a Historia das Ideias. Mas para uma ampla reflexao sobre a historia social, economica e das instituicoes do Brasil.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130210958","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reflexões sobre o Novo Desenvolvimentismo e o Desenvolvimentismo Clássico","authors":"Luiz Carlos Bresser-Pereira","doi":"10.1590/0101-31572015V36N02A01","DOIUrl":"https://doi.org/10.1590/0101-31572015V36N02A01","url":null,"abstract":"This paper, fi distinguishes new developmentalism, a new theoretical system that is being created, from really existing developmentalism - a form of organizing capitalism. Second, it distinguishes new developmentalism from its antecedents, Development Economics or classical developmentalism and Keynesian macroeconomics. Third, it discusses the false opposition that some economists have adopted between new developmentalism and social-developmentalism, which the author understands as a form of really existing developmentalism; as theory, it is just a version of classical developmentalism with a bias toward immediate consumption. Finally, it makes a summary of new developmentalism - of its main political economy, economic theory and economic policy claims.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114270210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}