Vol. 15 No. 2 (1995)
Apr-Jun / 1995
Published April 1, 1995
How to Cite
Bresser-Pereira, Luiz Carlos, and Yoshiaki Nakano. 1995. “Political Origin of Economic Problems”. Brazilian Journal of Political Economy 15 (2):163-78. https://doi.org/10.1590/0101-31571995-0833.
Political origin of economic problems
Abstract
This paper presents so conveyed idea nowadays that the economic problems
have a political origin, or that the economic problems have not been solved because of lack
of political support. We show how the acceptation of these ideas is related to the appearance
of the School of Public Choice, or School of National Choice – an analysis of a neoliberal
character – and the called political macroeconomics. We discuss how these approaches lead
to the proposition of adopting compensatory social policies which may guarantee the government
legitimacy.
JEL Classification: B20; B41; O10; D70.
Keywords: Political economy economic methodology history of economic thought economic development