Abstract
Beginning in 1965, a number of American economists who came to be known as the Berkeley group worked under Howard Ellis for several years in Brazil with the new planning agency (the Institute of Applied Economic Research) in an attempt to help bring the Brazilian economy back from the brink of runaway inflation and collapse. One result of this effort and collaboration with Brazilian economists was a multifaceted series of studies on numerous phases of postwar Brazilian economic development. The present collection's coverage is broad. Yet several topics receive the lion's share of space and attention. These are (1) inflation and price stabilization; (2) the industrialization emphasizing import substitution and questions of protection and incentives; and (3) agricultural productivity and pricing, including government policies and their effect on this sector. This review evaluates the hypotheses and interpretations given to each of these topics as well as to essays on Latin American Free Trade Area (LAFTA), import-demand functions, and the transportation sector. Finally, a concluding section offers some comments as to the social value of the total product.
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