O papel da moeda nas teorias do desenvolvimento desigual: uma abordagem pós-keynesiana

Ana Tereza Lanna Figueiredo
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Ana Tereza Lanna Figueiredo: Cedeplar-UFMG

Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: The theory of unequal development is set to inquire why some countries and/or regions grow more than others. In the attempt to solve this problem, scholars have not explicitly considered money as an important factor in such a scenario. However, in accordance with a post-Keynesian approach, money is not neutral. It does play a major role in decision-making by economic agents, and it is crucial to the determination of the accumulation dynamics of the economy. This paper purports to identify whether the theory of unequal development includes, however implicitly, the notion of money non-neutrality in the development process of a country or region. On the basis of this analysis, it may be concluded that, despite the fact that the theories of Rosenstein-Rodan (1943), Ragnar Nurske (1955), Albert Hirschman (1961), and Gunnar Myrdal (1960), presented herein, do not make explicit the role of money in this process, most of them imply it as they introduce uncertainty as a crucial factor in the determination of agents’ behavior in investment decisions.

Keywords: money; unequal development; post-Keynesian economics (search for similar items in EconPapers)
JEL-codes: E12 O20 O40 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2006-08
New Economics Papers: this item is included in nep-cba, nep-hpe and nep-mac
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