ABSTRACT Ignacy Sachs was a notable economist of the classical developmentalist school. Born in Poland, he studied economics in Brazil and after the war returned to his home country to work in the diplomatic service and pursue his PhD in economics at the University of Warsaw. He then studied with Michal Kalecki. In 1968 he became a professor at the École d’Hautes Études en Sciences Sociales, in Paris, and from there he became one of the pioneers of the theory of sustainable development. He has always maintained a very close relationship with Brazil, having created a Study Group on Contemporary Brazil at the Maison des Sciences de l’Homme.

Abstract The relationship between money and credit is analyzed differently by Orthodoxy, which, in general, analyzes it using the commodity money approach; and Heterodoxy, which, at large, adopts the Chartalist approach. Thus, orthodoxy postulates a monetary theory of credit; and heterodoxy, a credit theory of money, where money is, by nature, credit. The State uses its sovereignty to define what will (or will not) be accepted as money in the payments of transactions due to itself. And Knapp’s contribution in structuring a theory of state money meets Innes’s credit theory of money, supplying an alternative theory of money.

ABSTRACT This paper investigates the relationship between the Brazilian development model, characterized by the re-primarization and deindustrialization of its productive structure, and the increase in greenhouse gas emissions (GHG). For that, the study provides estimates using a panel data model for Brazilian states to investigate the relationship between carbon dioxide equivalent (CO2e) emissions and some key variables between 2003 and 2022. Our findings suggest that the composition of productive structure is crucial in determining the gas emissions in Brazil. Furthermore, our results also point out the importance of increasing sophistication and knowledge intensity of its produced goods as a strategy to reduce GHG emissions.

ABSTRACT This article seeks to discuss the nature of Thorstein Veblen’s institutionalist thought, establishing three analytical fronts stemming from this thought. In the first part, we will briefly discuss the main points of Veblen’s “political economy” and the concepts that constitute his vision of capitalism. In the second part, we will discuss the relevance of individuals’ habits and behaviors in shaping the social structure, which reveals the notions of “enabling myths”, “vested interests” and emulation, used in Veblen’s works. In the third part, we will discuss the concept of the “Veblenian dichotomy” proposed by Clarence Ayres, within post-Veblenian American institutionalism. In the fourth part, we will present a summary table of the main points of the institutionalist methodology derived from Veblen.

ABSTRACT Bio-input technology can help reduce the health and ecosystemic risks posed by the Brazilian agricultural sector. From the Sociotechnical Transitions perspective, this paper maps the regulatory environment and the bio-inputs market, identifying key components of the process of inserting this technology into the mainstream regime. Despite growing at high rates, this technology remains a niche market and faces serious barriers due to a lack of coordination. However, our projections indicate the feasibility of a scenario in which bio-inputs would hold a much larger share of the agricultural inputs market, provided there is regulatory and technological coordination.

Abstract This article develops a post-Kaleckian model to evaluate the effects of changes in (functional and personal) income distribution on economic growth. We specifically developed an analytical model that incorporates the inherent conflict between workers and capitalists and the intra-class tensions among workers with different income levels (for both low and high incomes). The findings clarify the expected effects of these distributional variations on the economy’s dynamic demands and accumulation regime. The analysis developed opens up the possibility of advancing this theoretical approach in multiple directions.

ABSTRACT This paper analyses the development of the competitive process in specific sectors of Brazilian industry, based on a computer simulation sectoral model. The sectorial evolutionary model is calibrated to represent sectors of Brazilian industry, which are grouped according to their technological behaviour, following the OECD proposal of separating industrial activities into groups of technological intensity. For the calibration of sectors, data on the innovative performance of industries are used, based on the Industrial Innovation Survey (PINTEC) and the Annual Industrial Survey (PIA). The results of the simulations are used in the econometric model of panel data to analyse not only the relationship between productivity and quality increments on the competitiveness of selected sectors of the industry but also to evidence the presence of behavioural regularity in the long-term trajectories of the variables investigated in the presence of heterogeneity among firms.

ABSTRACT This article examines Brazil’s ambivalent stance toward the liberal global financial order. Focusing on the period from 2003 to 2022, it analyzes how successive governments alternated between liberal orthodoxy and developmentalist strategies. While Brazil occasionally supported initiatives challenging liberal hegemony, it simultaneously upheld core principles of the prevailing order. We argue that this ambiguity stems from domestic political dynamics and reflects the broader tension faced by aemerging economies as they navigate between developmentalist aspirations and the constraints of global financial norms.

ABSTRACT This work aims to analyze Brazilian inflationary dynamics between 2011 and 2019, performing a structural decomposition analysis of the Input-Output Price Model Matrix. Our framework is the Surplus Approach and the cost-push inflationary perspective. The period is divided into three phases. In the first one, 2011-2014, the major cause of Brazilian inflation was the international quotation of commodities in local currency. In the second one, 2015-2016, the main factor is the profit margins behavior, followed by unit labor cost. In the last phase, 2017-2019, once again, commodity prices in local currency became the major inflation cause in Brazil.

ABSTRACT The aim of the article is to understand the intellectual milieu of Rosenstein-Rodan’s academic training, as well as the context in which he wrote his first works and their content. To this end, the article outlines Vienna’s intellectual environment during Rosenstein-Rodan’s formative and early career years. Subsequently, the article addresses some of the works, collaborations, and research interests developed by the author in that period. Finally, it also explores his departure from the city in the midst of the rising anti-Semitism, the extensive emigration of his colleagues, and work and research opportunities abroad.