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A crítica novo-institucionalista ao pensamento da Cepal: a dimensão institucional e o papel da ideologia no desenvolvimento econômico

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  • Aguilar Filho, Hélio Afonso de
  • Silva Filho, Edison Benedito da

Abstract

The new institutional economics critique on ECLA thought: the institutional dimension and the role of ideology in economic development - This paper aims at discussing the validity of criticism raised by New Institutional Economics against ECLA (or Cepal) explanation of Latin America economic underdevelopment. We shall argue that the cepalista approach neither neglects the institutional dimension of the economic development nor is limited to provide reasoning for the adoption of economic policies that would reinforce the ineffectiveness of the institutional matrix of those countries. While demonstrating that such criticism is misplaced, we shall also emphasize the viability of a common research agenda between ECLA school and economic institutionalism.

Suggested Citation

  • Aguilar Filho, Hélio Afonso de & Silva Filho, Edison Benedito da, 2010. "A crítica novo-institucionalista ao pensamento da Cepal: a dimensão institucional e o papel da ideologia no desenvolvimento econômico," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 40, pages 1-22, August.
  • Handle: RePEc:euc:ancoec:v:40:y:2010:p:211-232
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    References listed on IDEAS

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    1. Marvin Goodfriend & Robert King, 1997. "The New Neoclassical Synthesis and the Role of Monetary Policy," NBER Chapters,in: NBER Macroeconomics Annual 1997, Volume 12, pages 231-296 National Bureau of Economic Research, Inc.
    2. John B. Taylor, 2000. "Teaching Modern Macroeconomics at the Principles Level," American Economic Review, American Economic Association, vol. 90(2), pages 90-94, May.
    3. Alvaro Angeriz & Philip Arestis, 2006. "Has inflation targeting had any impact on inflation?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 28(4), pages 559-571.
    4. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    5. Marc Lavoie, 2006. "A Post-Keynesian Amendment To The New Consensus On Monetary Policy," Metroeconomica, Wiley Blackwell, vol. 57(2), pages 165-192, May.
    6. Martin Cerisola & Gaston Gelos, 2009. "What drives inflation expectations in Brazil? An empirical analysis," Applied Economics, Taylor & Francis Journals, vol. 41(10), pages 1215-1227.
    7. Allsop, Christopher & Vines, David, 2000. "The Assessment: Macroeconomic Policy," Oxford Review of Economic Policy, Oxford University Press, vol. 16(4), pages 1-32, Winter.
    8. Mark Setterfield, 2006. "Is inflation targeting compatible with Post Keynesian economics?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 28(4), pages 653-671.
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    More about this item

    Keywords

    Economic Council for Latin America (ECLA); New Institutional Economics (NIE); Institutionalism; Stru;

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

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