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The political economy of economic policy: industrial entrepreneurs and macroeconomic prices in Brazil (2003-2016)

Author

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  • Pedro Micussi

Abstract

The article aims to discuss aspects of the contemporary Brazilian political economy,showing how Brazilian large manufacturing entrepreneurs acted in defense of their interestsin the dispute over the design of economic policy throughout the Partido dos Trabalhadore(Workers’ Party) governments between 2003 and 2016. It is argued that is possibleto identify an inter-class dispute over the definition of four macroeconomic prices – the profitrate, the interest rate, the exchange rate, and the wage rate – which places industrial capitalistssometimes against the rentier sector, sometimes against the labor movement in Brazil. JEL Classification: E60; O1; P00; Z13.

Suggested Citation

  • Pedro Micussi, 2024. "The political economy of economic policy: industrial entrepreneurs and macroeconomic prices in Brazil (2003-2016)," Brazilian Journal of Political Economy, Center of Political Economy, vol. 44(2), pages 319-339.
    • Handle: RePEc:ekm:repojs:v:44:y:2024:i:2:p:319-339:id:2456
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    File URL: https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/2456/2388
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    More about this item

    Keywords

    Macroeconomic policy; social classes; Workers’ Party; entrepreneurs;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • P00 - Political Economy and Comparative Economic Systems - - General - - - General
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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