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The legacy of Celso Furtado

Author

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  • Paulo Nogueira Batista Jr.

Abstract

This essay reviews Celso Furtado’s intellectual legacy, highlighting his enormousimportance for economic thought. It adopts the method of comparing Furtado to anothergreat Brazilian economist, Mário Henrique Simonsen, emphasizing the superiority of theformer over the latter in several essential aspects. It also discusses the relation of Furtado toKeynes and the Keynesian economic tradition, on the one hand, and to Marx and Marxism,on the other. It highlights, in conclusion, his links to nationalism and romanticism, expressedin his attachment to Brazil. JEL Classification: A0; B5, C0; E0; F0, N0; P5.

Suggested Citation

  • Paulo Nogueira Batista Jr., 2024. "The legacy of Celso Furtado," Brazilian Journal of Political Economy, Center of Political Economy, vol. 44(1), pages 29-41.
    • Handle: RePEc:ekm:repojs:v:44:y:2024:i:1:p:29-41:id:2441
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2441/2374
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    Keywords

    Celso Furtado; Mário Henrique Simonsen; John Maynard Keynes; political economy; economics; mathematical methods in economics; rigor; relevance; Marxism; ultraliberalism; economics history; eclecticism; nationalism; cosmopolitanism;
    All these keywords.

    JEL classification:

    • A0 - General Economics and Teaching - - General
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • C0 - Mathematical and Quantitative Methods - - General
    • E0 - Macroeconomics and Monetary Economics - - General
    • F0 - International Economics - - General
    • N0 - Economic History - - General
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

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