The Brazilian duality of Ignácio Rangel

César Guimarães ()

Brazilian Journal of Political Economy, 1994, vol. 14, issue 4, 571-586

Abstract: Brazilians dub the eighties “the lost decade”. After forty years of an averageannual growth of 7%, the GDP per inhabitant dropped 5% in that decade. Ignácio Rangel,a Marxist economist, foresaw the coming of the crisis in 1978, and suggested the only wayout: the privatization of the public utilities. That was before Reagan and Thatcher. The “BrazilianDuality” is the mainspring of Rangel’s thought. According to it, the national economymust be analysed from both its “internal side”, i.e., the national economy itself, and its “externalside”, the world economy. JEL Classification: B31; B24.

Keywords: History of economic thought; Rangel (search for similar items in EconPapers)
Date: 1994
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