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Crossing boundaries: an assessment to the influence of post-Keynesianism on developmental macroeconomics

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  • Victor Cruz e Silva
  • Marcelo Curado

Abstract

Developmental macroeconomics, the economic theory that grounds new developmentalism, is a heterodox approach whose establishment was deeply influenced by dissonant schools of thought. Among these, post-Keynesianism occupies a special place. This essay aims at identifying the aspects of developmental macroeconomics in which this post-Keynesian influence is more notorious. To serve this purpose, we compare the economic diagnoses, social objectives and policy prescriptions defended by the partisans of these two schools of economic thought. Our conclusion is that despite the significant influence of post-Keynesianism in the formation of the new developmentalist strategy, there are several aspects of this strategy that must be understood as an original contribution of the Brazilian developmental school. JEL Classification: B22; B59.

Suggested Citation

  • Victor Cruz e Silva & Marcelo Curado, 2018. "Crossing boundaries: an assessment to the influence of post-Keynesianism on developmental macroeconomics," Brazilian Journal of Political Economy, Center of Political Economy, vol. 38(4), pages 611-628.
    • Handle: RePEc:ekm:repojs:v:38:y:2018:i:4:p:611-628:id:90
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/90/83
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    More about this item

    Keywords

    Developmental macroeconomics; new developmentalism; post-Keynesianism; policy prescriptions; theoretical influence;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other

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