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James Steuart: as questões heterodoxas de um economista político conservador [James Steuart: heterodox questions from a conservative political economist]


  • Maria Mello de Malta



This work intends to present the main heterodox questions brought up by James Steuart´s thought. Steuart´s works on political economy have the sign of duality. This sign condemned this work to ostracism during this life time and labeled him as mercanlist in the history of economic thought. This article uses the duality in his work to connect it with the recent research recovering his initial ideas. This study is a part of a movement that seeks to spread the knowledge of Steuart´s visions about the economic process and political economy as a science to put forward the interpretation that political economy in its origin is submerged in important divergences about scientific perspectives.

Suggested Citation

  • Maria Mello de Malta, 2009. "James Steuart: as questões heterodoxas de um economista político conservador [James Steuart: heterodox questions from a conservative political economist]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 19(3), pages 509-535, October-D.
  • Handle: RePEc:nov:artigo:v:19:y:2009:i:3:p:509-535

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    References listed on IDEAS

    1. Obstfeld, Maurice, 1986. "Rational and Self-fulfilling Balance-of-Payments Crises," American Economic Review, American Economic Association, vol. 76(1), pages 72-81, March.
    2. Carmen M. Reinhart & Graciela L. Kaminsky, 1999. "The Twin Crises: The Causes of Banking and Balance-of-Payments Problems," American Economic Review, American Economic Association, vol. 89(3), pages 473-500, June.
    3. Krugman, Paul, 1979. "A Model of Balance-of-Payments Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 311-325, August.
    4. Gabriel Palma, 2000. "The Magical Realism of Brazilian Economics: How to Create a Financial Crisis by Trying to Avoid One," SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization. 2000-16, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    5. Feldstein, Martin & Horioka, Charles, 1980. "Domestic Saving and International Capital Flows," Economic Journal, Royal Economic Society, vol. 90(358), pages 314-329, June.
    6. Flood, Robert P. & Garber, Peter M., 1984. "Collapsing exchange-rate regimes : Some linear examples," Journal of International Economics, Elsevier, vol. 17(1-2), pages 1-13, August.
    7. Maurice Obstfeld, 1994. "The Logic of Currency Crises," NBER Working Papers 4640, National Bureau of Economic Research, Inc.
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    More about this item


    James Steuart; political economy; heterodox perspective;

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian


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