The political economy of economic policy: industrial entrepreneurs and macroeconomic prices in Brazil (2003-2016)

Pedro Micussi ()

Brazilian Journal of Political Economy, 2024, vol. 44, issue 2, 319-339

Abstract: The article aims to discuss aspects of the contemporary Brazilian political economy,showing how Brazilian large manufacturing entrepreneurs acted in defense of their interestsin the dispute over the design of economic policy throughout the Partido dos Trabalhadore(Workers’ Party) governments between 2003 and 2016. It is argued that is possibleto identify an inter-class dispute over the definition of four macroeconomic prices – the profitrate, the interest rate, the exchange rate, and the wage rate – which places industrial capitalistssometimes against the rentier sector, sometimes against the labor movement in Brazil. JEL Classification: E60; O1; P00; Z13.

Keywords: Macroeconomic policy; social classes; Workers’ Party; entrepreneurs (search for similar items in EconPapers)
Date: 2024
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