The limits of economic policy

Vol. 8 No. 3 (1988)

Jul-Sep / 1988
Published July 1, 1988
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Bresser-Pereira, Luiz Carlos. 1998. “The Limits of Economic Policy”. Brazilian Journal of Political Economy 8 (3):339-55.

The limits of economic policy

Luiz Carlos Bresser-Pereira
Professor Fundação Getulio Vargas, São Paulo/SP, Brazil.
Brazilian Journal of Political Economy, Vol. 8 No. 3 (1988), Jul-Sep / 1988, Pages 339-355


Since World War II the importance of economic policy did not stop increasing.
Even conservative economists do not deny its relevance. But its economic and political limits
are very clear, beginning with a basic limit: the principle of rationality. The author discusses
these limits using his personal experience.

JEL Classification: H11.

Keywords: Economic policy role of government