The degradation of Brazilian socioeconomics

Vol. 38 No. 1 (2018)

Jan-Mar / 2018
Published January 1, 2018

How to Cite

Alban, Marcus. 2018. “The Degradation of Brazilian Socioeconomics”. Brazilian Journal of Political Economy 38 (1):167-83.

The degradation of Brazilian socioeconomics

Marcus Alban
Professor Titular da Escola de Administração da Universidade Federal da Bahia.
Brazilian Journal of Political Economy, Vol. 38 No. 1 (2018), Jan-Mar / 2018, Pages 167-183


In recent years, a number of illegal activities operated under the radar of conventional analysis have taken place in Brazil. This study proposes an Extended Keynesian Model in order to understand this phenomenon, a model that explains that crises happen because of the replacement of productive activities with unproductive and destructive activities. The model is used here to examine Brazil's socioeconomic history since the institution of the economic plan that established the actual currency “Real” (R$), concluding that as the plan’s concern was predominantly with stabilization and not growth, productive activities have never been promoted on an appropriate scale. This has paved the way for the advancement of unproductive and destructive activities which have ultimately led to the country’s increasing degradation.

JEL Classification: B52; E02; E12; K42.

Keywords: Brazilian Economy New Institutional Economics Keynesian Economics Economics of Crime