One of my recollections of the development economics course I took when I was a business school major was about the “Harrod-Domar model” in an undergraduate course about. I was amazed by the idea that government could foster economic growth. Yes, I was young and naive. Anyway, for those interested in the history of development economics I strongly recommend Dr. Mauro Boianovsky’s paper titled “Beyond capital fundamentalism: Harrod, Domar and the history of development economics” that was published in the Cambridge Journal of Economics. This amazing paper received the 2019 best paper award by the European Society for the History of Economic Thought. I hope you enjoy reading it as much as I did.
Tag Archives: Economic Growth
New book about the Brazilian economy
The International Monetary Fund published a new book about the Brazilian economy. It first provides an overview of the Brazilian economy, and then cover the following important topics: Economic Growth, Social Progress, Fiscal Framework, Challenges to the Monetary and Financial Framework, and Fighting Corruption. This book can be downloaded for free here.
The third chapter (Current Constraints on Growth) is of interest for those trying to understand some of the reasons for the poor performance of productivity growth in Brazil, which many observers suggest to be the key structural problem of the Brazilian economy.
Ernesto Lozardo’s new book: Ok, Roberto. Você venceu!
Professor Ernesto Lozardo has taught economics at EAESP-FGV since 1977. I took his Money, Credit, and Banking course when I was a junior at EAESP. To make a long story short, his knowledge and passion about economics and his will to put in practice good economic policies strongly motivated me to pursue a graduate education in economics.
That said, Prof. Lozardo’s new book titled “Ok, Roberto. Você venceu!” (published by Topbooks) is about Roberto Campos. He was one of the most notable Brazilian economists of the last century, not only in terms of designing development policies but also in terms of implementing them. In fact, his policies transformed Brazil from a very poor country in the late 1940s to a middle-income country in the mid 1970s.
I strongly recommend chapters 5, 6, and 7 for those interested in learning more about the institutional reforms conducted by Campos that led to strong economic growth in Brazil in the 1970s. Several of those institutions are still present in Brazil nowadays.