Economic development and the resumption of the classical approach to surplus

Franklin Serrano and Carlos Medeiros ()

Brazilian Journal of Political Economy, 2004, vol. 24, issue 2, 244-263

Abstract: In this article we show how an analytical framework based on the classical surplus approach can be used to the understanding of some central matters of the economic development of the nations and of the Brazilian economy in the last decades, in particular. We start discussing the shortcomings of the traditional approach to development economics and the inability of the neoclassical approach to explain some of the more important stylized facts of the development process. We show how the scheme proposed can explain these facts and, in this perspective, what are the internal and external constraints to economic development. Finally, we illustrate our argument with a brief summary of our research on the recent development of the Brazilian economy. JEL Classification: O11.

Keywords: Surplus; development; investment; consumption (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://centrodeeconomiapolitica.org.br/repojs/ind ... rticle/view/670/2058 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:24:y:2004:i:2:p:244-263:id:670

Access Statistics for this article

More articles in Brazilian Journal of Political Economy from Center of Political Economy
Bibliographic data for series maintained by Brazilian Journal of Political Economy (Brazil) ().