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)

Mais informações

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)

Mais informações

Works in English


Documentos 121 a 164 de 164



Stabilization in an adverse environment: The 1987 Brazilian experience

1993. The Bresser Plan - an atempt to stabilize prices in Brazil in an adverse environment. Portuguese version available. (Paper in book edited by John Williamson)



From Mercosul to the American integration

1992. With Vera Thorstensen. Brazil is going through an important moment in its international relations and foreign trade policies. Portuguese version available. (Paper: published in ECLAC/IDB edited book)



Off the mark: the misguided policies of Washington economists

1992. When the costs involved in a given economic policy become excessive, the decision not to adopt the policy is rational rather than political. Reforms that are inefficient are irrational. (Note: Harvard International Review)



Economic populism versus Keynes: reinterpreting budget Deficit in Latin America

1991. With Fernando Dall'Acqua. Contrarily to what economic populists say, Keynes only admited budget deficits in special situations, as a temporary depart from fiscal balance. Portuguese version available.(Paper: Journal of Post Keynesian Economics)



Economic crisis in Latin America: Washington consensus or fical crisis approach?

1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt crisis and a fiscal crisis of the state. Portuguese, French, and Spanish versions available. (English version not published: just available in this site).



Populism and economic policy in Brazil

1991. Economic populism, left's protectionism, and the right's monetarist orthodoxy are together major obstacles to consistent and rational economic policies and reforms. Portuguese version with the title "Ideologias econômicas e democracia no Brasil" available. (Paper: Journal of Interamerican Studies and World Affairs)



The U.S. elite and the Latin American crisis

1990. The debt crisis is without solution, and may require unilateral measures on the part of Latin American countries. The idea of free trading area in the Americas is welcomed.(Note in book edited by Baer & Petri)



Investment decision and the interest rate in normal and exceptional times

1991. Based on research conducted in 1970 and repeated in 1990, this paper shows that, in 'abnormal times', when the interest rate is abnormally high, business enterprises' decisions on investment take into consideration the interest rate more attentively than they do in normal times. (Paper presented to LASA meeting)



Technobureaucratic Capitalism

1990. The rise of technobureaucracy or the professional middle class: in capitalism, sharing power with the bourgeoisie in the Soviet Union and other comand economies, as the ruling class. It is revised translation of A Sociedade Estatal e a Tecnoburocracia (1981) with the adition of the paper "Social Classes and Strata in Contemporary Capitalism". (Book unpublished: fully available here.)



The perverse logic of stagnation: debt, deficit, and inflation in Brazil

1990. There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation. Portuguese version available.(Paper: Journal of Post Keynesian Economics).



Und moratoria, a false solution

1990. A und moratoria as we have today is not a solution for the debt crisis. Unilateral decisions should complement the Brady Plan so as to achieve a reasonable discount on the debt.(Paper in edited book)



Hyperinflation and stabilization in Brazil: The first Collor Plan

1990. With Yoshiaki Nakano. This paper predicts the failure of the Collor Plan for failing to neutralize inertia, in a moment conventional orthodoxy was sure that it would be successful. Portuguese and French versions available. (Paper in book edited by Davidson and Kregel).



A pragmatic approach to State intervention

1990.The neoliberal wave can be understood in the framework of my theory of the cyclical character of state intervention. (Paper: Revista de La CEPAL)



Economic reforms and cycles of state intervention

1989 [1993]. State intervention has a cyclical character now the neo-liberal ideological wave is causing a reduction of the state, and distortions are being corrected, but sooner or later the movement will be reversed confirming the cycle. Portuguese version available. (Paper in World Development).



Economic ideologies and the consolidation of democracy in Brazil

1989. The transition to democracy was an outcome of successful political popular-business pact, but mistaken ideoloiges originated in old nationalism and left populism, and on conservative clientelism, opportunism, social conservatism, monetarism, crude liberalism, and subordinated internationalism represent an obstacle to democratic consolidation and growth in Brazil. Portuguese version available. (Paper in book edited by Diane Ethier)



The third world debt: a dangerous game

1989. Third world debt is so high that only its securitization with a discount in the line proposed in 1987 by me as finance minister of Brazil will solve the problem.





A debtor's approach to the debt crisis

1989. The Brazilian crisis in the 1980s as a debt and a fiscal crisis. A summary of the negotiations. The solution of the debt crisis requires that creditors accept the seccuritization of the debt with a discount. Portuguese version available. (Paper in book edited by Christine Bogdanowicz-Bindert).



The perverse macroeconomics of debt, deficit and inflation in Brazil

1989. There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation. Portuguese version available.(Paper in book edited by Fukuchi and Kagami).



Brazil's inflation and the Cruzado Plan, 1985-1988

1988. A comparison between the Cruzado Plan (1986) and the Bresser Plan (1987). Portuguese version available.(Paper in Pamela Falk's edited book, 1990)



A Brazilian approach to external debt negotiation - 1987

1988. The 1987 negotiation of the foreign debt was guided by a question ("is the payment of interest consistent with the economic growth of Brazil?"), and by the idea of securitizing the debt with a discount. Portuguese version available. (Note: LASA Forum)



Changing patterns of financing investment in Brazil

1987. Investment used to be financed by the state. Yet, given the fiscal crisis of the state, the private sector is supposed to play a more active role. First paper where I discuss the fiscal crisis of the state. Portuguese version available(Paper)



The Theory of Inertial Inflation

1987. With Yoshiaki Nakano. Collected papers on the theory of inertial or indexed inflation. Translation of Inflação e Recessão (1984) with the addition of paper on the 1985 Cruzado Plan. (Book: Lynne Rienner Publishers)



Inertial inflation and the Cruzado Plan

1987. Paper written a four months after the Cruzado Plan was lauched to control inertial inflation. The two main dangers the plan was facing were relative prices desiquilibria left by the plan and an increasing budget deficit. Portuguese version available.(Paper: World Development)



Possible political pacts after redemocratization

1985 (1988). With the transiction to democracy and the election of Tancredo Neves the probability of a populist political pact is small. The alternatives after democratization are a conservative pact based on the great bourgeoisie, or a progressive one based on the middle classes.Portuguese version available. (Paper in book edited by Chacel, Falk e Fleischer)



Inertial inflation and the Phillips curve

1984 (1987). With Yoshiaki Nakano. Inertial inflation is consistent with the Philips that shifts continuously to the right. Portuguese version available. (Paper in The Theory of Inertial Inflation. Boulder: Lynne Rienner Publishers, 1987: 109-116).



Development and Crisis in Brazil, 1930-1983

1984. Economic development, political pacts, and crises in Brazil from 1930 to the early 1980s. English translation of the Brazilian fourth edition of Portuguese edition available. (Book: Westview Press)



The dialectic of redemocratization and abertura

1984. The 'abertura' is a strategy that military are using to postpone the democratic transition that became inevitable since the Brazilian business men broke down their alliance with them.(Paper in Development and Crisis in Brazil: 1930-1983.)



The theory of inertial or autonomous inflation

1983 [1987]. With Yoshiaki Nakano. Translation of "Fatores aceleradores, mantenedores e sancionadores.da inflação" (1983). The founding paper on the theory of inertial or indexed inflation. Portuguese version available.



Accelerating, maintaining and sanctioning factors of inflation

1983. With Yoshiaki Nakano. The founding paper on the theory of inertial inflation. One must distinguish the accelerating from the maintaining and the sanctioning factors of inflation. (Brazilian Journal of Political Economy)



The crisis of the 1970s

1983 [1984]. A survey of the 1970s and an analysis of the causes of the crisis beginning in 1981: reversion of the economic cycle as consequence of overaccumulation, and the debt crisis. Portuguese version available. (Chapter 8 of Development and Crisis in Brazil: 1930-1983)



Six interpretations of the Brazilian social formation

1982 (1984). An overview of the political and economic interpretations of Brazil before and after 1964. The two interpretations of Brazil before 1964 (agrarian vocation and national-bourgeois) and the four after 1964 (imperialist, functional-capitalist, dependency, and authoritarian modernization). Portuguese version available. (Paper: Latin American Perspectives).



Social classes and strata in contemporary capitalism

1981. A sistematic analysis on social classes in contemporary capitalism distinguishing social classes from social strata and showing how the two concepts are interconected. Portuguese version available. (Paper: published only in this site)



The post-1966 expansion and the new model

1970. It corresponds to "Dividir ou multiplicar?" (1970). It claims that the Brazilian "economic miracle" (1968-1973) signaled a new, export oriented, model of development that made consistent aggregate demand and supply of luxury goods by concentrating income from the middle class upwards. (Chapter 7 of Development and Crisis in Brazil: 1930-1983)



Political development, and the crisis of the populist alliance

1968. ISEB's political model based on the aliance of the national bourgeoisie with the workers and the bureaucrats was correct. Yet, historical new facts led to the collapse of the populist and national-developmentalist pact and to the political crisis of 1961-64. (Chapter 4 of Development and Crisis in Brazil).



The concept of development, and the National Revolution

1968. Development defined as involving a Industrial and a National Revolution. (Chapter 1 of Development and Crisis in Brazil,1968)



Brazil: ethnic and social origins of the industrial entrepreneurs

1964. My 1962 research demonstrated that the Paulista industrialists that led the Brazilian industrialization were, mostly, descendants of middle class immigrants, not from coffee planters. ( Published Portuguese version available. (Paper: this English version only published here)



The rise of middle class and middle management in Brazil

1962. A new salaried middle class is emerging in Brazil as a consequence of the Industrial Revolution that began in 1930. The Portuguese version appeared as Chapter 3 of Desenvolvimento e Crise no Brasil (1968). (Paper: Journal of Inter-American Studies).



A philosophy of economic development for a Brazilian school of business administration

1961. A Brazilian business school like FGV/SP should have an explicit economic development orientation. (Term paper: Michigan State University)



Three questions: (1) mobility pattern related to executives values and decision-making, (2) behavioral decision-making model, (3) conflict and cooperation

1960. Social mobilitity, decision-making patterns and conflict/cooperation of American business executives. (Term paper: MBA at Michigan State University)



Mathematical and Non-Mathematical Decision-Making

1960. The decision process. (Short term paper, MBA, Michigan State University)



Changing perspectives of social mobility

1960. The conflict that American graduate business students face between the drive for social mobility and the conditions found by William Henry: leaving home and forgeting friends (Term-paper: MBA at Michigan State University)



Development Economics and the World Bank's Identity Crisis

1995. A discussion of development economics ideas and of Word Bank's neo-liberal turn in the early 1980s. Portuguese version available.(Paper: Review of International Political Economy)



Liberalization and Democratization in the Context of a Weak State and a Weaker Civil Society

1992. Liberalization of the economy and the consolidation of democracy are only possible where the state and the civil society are strong. (Note: Discussion Paper)




Fale conosco: ceciliaheise46@gmail.com