A master of the Brazilian economy: Ignácio Rangel

Luiz Carlos Bresser-Pereira () and José Marcio Rêgo ()

Brazilian Journal of Political Economy, 1993, vol. 13, issue 2, 272-294

Abstract: Ignácio Rangel may be the more original analyst of the Brazilian economic development.His contribution was made particularly in the 1950s and 1960s. Influenced byKeynes and Marx, he adopts a historical and dialectical method. He was the first Brazilianeconomist to introduce the Kondratieff’ long cycles in the analysis of the Brazilian economy.ln his analysis of Brazil, he always stressed its dual and dynamic character, where the longcycles and changing process of leading social classes presides the process of accumulationin new sectors of the economy, transferring resources from the sector with idle capacity. Hismajor contribution, however, was in inflation theory. He criticized the monetarist and thestructuralist views of inflation and showed the endogenous character of the money supply ina pioneering way. As early as 1978 he realized the financial crisis of the state and, in spite ofhis left leaning position, proposed the privatization of public utilities. JEL Classification: B22; B24; B31.

Keywords: History of economic thought; Rangel (search for similar items in EconPapers)
Date: 1993
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