Connections Between Thorstein Veblen’s Institutionalism and Celso Furtado’s Mature Writings

José Maltaca and Felipe Almeida

Journal of Economic Issues, 2023, vol. 57, issue 4, 1196-1208

Abstract: This study associates Original Institutional Economics and four books by Celso Furtado from the 1990s and early 2000s, as he discusses the cultural dimensions of underdevelopment in those writings. We rely on the association of issues from Thorstein Veblen’s institutionalism with the cultural aspects of Furtado’s investigation. The Veblenian concepts of pecuniary emulation and conspicuous consumption support the understanding of the habits of the Brazilian elite as addressed by Furtado. Hence, this study examines an unexplored connection between institutionalism and structuralism as such associations usually rely on the ceremonial-instrumental dichotomy. We introduce a reading of the current Brazilian society to illustrate our argument. Such reading relies on changes promoted in higher education and the lower classes’ purchasing power.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00213624.2023.2273142 (text/html)
Access to full text is restricted to subscribers.

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:mes:jeciss:v:57:y:2023:i:4:p:1196-1208

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJEI20

DOI: 10.1080/00213624.2023.2273142

Access Statistics for this article

More articles in Journal of Economic Issues from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().