{"title":"The structuralist tradition in economics: methodological and macroeconomics aspects","authors":"Fabrício José Missio, Frederico G. Jayme","doi":"10.1590/0101-31572015V35N02A03","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N02A03","url":null,"abstract":"*This paper examines the structuralist tradition in economics, emphasizing the role that structures play in the economic growth of developing countries. Since the subject at hand is evidently too large to cover in a single article, an emphasis has been brought to bear upon the macroeconomic elements of such a tradition, while also exploring its methodological aspects. It begins by analysing some general aspects of structuralism in economics (its evolution and origins) associated with ECLAC thought, in this instance focusing on the dynamics of the center-periphery relationship. Thereafter, the macroeconomic structuralism derived from the works of Taylor (1983, 1991) is presented, followed by a presentation of neo-structuralism. Centred on the concept of systemic competitiveness, this approach defines a strategy to achieve the high road of globalization, understood here as an inevitable process in spite of its engagement being dependent on the policies adopted. The conclusions show the genuine contributions of this tradition to economic theory.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114347268","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 boom and crisis of the Convertibility Plan in Argentina","authors":"Sebastián P. Salvia","doi":"10.1590/0101-31572015V35N02A07","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N02A07","url":null,"abstract":"This article analyses the relationship between state policies and economy in Argentina 1991-2001. In 1991 the currency board regime named 'convertibility' was implemented, within the framework of important neoliberal reforms introduced by the State. These neoliberal reforms facilitated capitalist restructuring, characterized by a leap in productivity, investment and profits. Likewise, these reforms generated imbalances which, along with the changes in the world market conditions from 1998, led to the deepest crisis in Argentina's history. The inefficiency of state neoliberal policies in managing the crisis, based on fiscal adjustment to guarantee the continuity of external financing, led to an economic depression and a financial crash, sparking a mass rebellion and the end of convertibility.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131962734","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 general equilibrium theory as economic metatheory","authors":"M. Luperi","doi":"10.1590/0101-31572015V35N02A06","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N02A06","url":null,"abstract":"Many economists show certain nonconformity relative to the excessive mathematical formalization of economics. This stems from dissatisfaction with the old debate about the lack of correspondence between mainstream theoretical models and reality. Although we do not propose to settle this debate here, this article seeks to associate the mismatch of mathematized models with the reality of the adoption of the hypothetical-deductive method as reproduced by general equilibrium. We begin by defining the main benefits of the mathematization of economics. Secondly, we address traditional criticism leveled against it. We then focus on more recent criticism from Gillies (2005) and Bresser-Pereira (2008). Finally, we attempt to associate the reproduction of the hypothetical-deductive method with a metatheoretical process triggered by Debreu's general equilibrium theory. In this respect, we appropriate the ideas of Weintraub (2002), Punzo (1991), and mainly Woo (1986) to support our hypothesis.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130042428","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":"Continuidade ou ruptura? Uma análise de alguns aspectos da filosofia social de John Stuart Mill, Alfred Marshall e John Maynard Keynes","authors":"Laura Valladão de Mattos","doi":"10.1590/0101-31572015V35N02A09","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N02A09","url":null,"abstract":"O artigo argumenta que e possivel se falar em uma 'tradicao' no campo de filosofia social e economica unindo as obras de J.S. Mill e Alfred Marshall e J.M. Keynes. Essa 'tradicao' pode ser caracterizada pelas seguintes concepcoes: (a) pela rejeicao moral aos valores aquisitivos do capitalismo; (b) pela visao de que o sistema capitalista seria incapaz de resolver de forma espontânea as questoes das desigualdades de renda e riqueza e da pobreza; (c) pela ideia de que, por uma questao de garantia de liberdade e da diversidade, alem de por questoes de eficiencia economica, dever-se-ia deixar a iniciativa individual agir livremente nas esferas em que e capaz de engendrar bons resultados, mas que o Estado deveria intervir, quando essa falha, atuando em beneficio da coletividade; (d) pela crenca de que seria possivel melhorar significativamente esse sistema por meio de mudancas pontuais e graduais.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"140 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132627861","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":"Neoliberalism and global capital mobility: a necessary reconsideration of textbook trade theory","authors":"K. Raffer","doi":"10.1590/0101-31572015V35N02A04","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N02A04","url":null,"abstract":"Textbook theory ignores capital flows: trade determines exchange rates and specialisation. Approaches taking the effects of capital movements adequately into account are needed, and a new theory of economic policy including measures to protect the real economy from external volatility. Equilibrating textbook mechanisms cannot work unless trade-caused surpluses and deficits set exchange rates. To allow orthodox trade theory to work one must hinder capital flows from destroying its very basis, which the IMF and wrong regulatory decisions have done, penalising production and trade. A new, real economy based theory is proposed, a Neoclassical agenda of controlling capital flows and speculation.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124351545","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 Brazilian deindustrialization: financialization is not guilty","authors":"Mylène Gaulard","doi":"10.1590/0101-31572015V35N02A02","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N02A02","url":null,"abstract":"The financialization of the Brazilian economy is often criticized as being responsible of the slowdown of capital accumulation in this country. Indeed, very high interest rates are maintained in order to finance the public debt, and this fosters capitalists to get more Treasury bonds rather than to invest in the productive area. Nevertheless, the evolution of the profit rate in this area also explains the particular relation existing between capitalists, finance and productive investment, as Marx showed it more than a century ago.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134647377","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":"Dr Brasilia and Mr. Nacala: the apparent duality behind the Brazilian state-capital nexus","authors":"Tomaso Ferrando","doi":"10.1590/0101-31572015V35N02A08","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N02A08","url":null,"abstract":"In August 2010 Brazil decided to limit foreign direct investments (FDIs) in land, and attracted the attention of politicians as much as the fears of businessmen. However, few months before, in September 2009, it had concluded a trilateral agreement with Japan and Mozambique to implement agribusiness and contract farming on an area of ten million hectares in the Mozambican region of Nacala. In light of that, the paper analyses the apparent duality of the Brazilian politics, and concludes that, exactly like in the case of the novel by Robert Louis Stevenson, it is not a matter of pathology, but a voluntarily induced double personality which is strategic in positioning Brazil at the core of the global capitalist system.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132640245","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":"Taxa de juros e mecanismos de transmissão da política monetária no Brasil","authors":"R. Barboza","doi":"10.1590/0101-31572015V35N01A08","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N01A08","url":null,"abstract":"Interest rate and monetary transmition mechanisms in Brazil. This paper develops the hypothesis that the Brazilian interest rate is high as a result of partially obstructed monetary transmission mechanisms. Transmission failures arise due to the following characteristics of the Brazilian economy: (i) segmentation of the credit market; (ii) low penetration of free credit within the income determination process; (iii) truncated term structure of interest rates; (iv) participation of LFTs in public debt; (v) participation of administered prices in the consumer price index. To achieve this result, the paper explores the BMW model and provides some preliminary evidence.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124170386","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":"Global instability of currencies: reasons and perspectives according to the state-corporation hegemonic stability theory","authors":"Dariusz Eligiusz Staszczak","doi":"10.1590/0101-31572015V35N01A10","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N01A10","url":null,"abstract":"Este artigo analisa as razoes da instabilidade do sistema monetario mundial. O autor considera este problema a partir de perspectivas historicas e contemporâneas. De acordo com o ponto de vista apresentado, as notas e o dinheiro eletronico que substituiram as moedas de ouro e prata em circulacao sao a razao mais importante da instabilidade. Ha tambem consequencias positivas e negativas comprovadas da instabilidade do dinheiro. As reformas do sistema monetario mundial precisam de um acordo no âmbito da hegemonia global de politicas de Estado e de corporacoes transnacionais.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128857113","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":"Institutions, credibility and crisis: the inconsistencies of Argentine exchange rate policy (1991-2006)","authors":"Nicolás Cherny","doi":"10.1590/0101-31572015V35N01A06","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N01A06","url":null,"abstract":"The purpose of this article is twofold. The first is to explain the time inconsistencies of the convertibility regime that led to the 2001 crisis. The argument suggests that the credibility requirements for convertibility induced a dynamic of legal, fiscal, financial and external commitments that increased exit costs and time inconsistencies. The second objective is to explain the tensions of the floating regime that replaced convertibility in 2002. We describe the effects of a floating exchange rate on macroeconomic imbalance and the growing tension between competitiveness and inflation.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"69 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133919643","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}