The Rise and Fall of Neoliberal Rentier Capitalism

  • autor: Luiz Carlos Bresser-Pereira

2025. An encompassing analysis of capitalism from the end of the 19th century, the rise of the managerial class, the democratic revolution and the consolidation of democracy, the mtnhagerial class in Soviet Union and statism, the neoliberal phase, the present crisis and prospects. Oxford University Press, US$ 40.00.

Secular stagnation in the framework of rentier-financier capitalism and globalization

2017. Rentier-financier capitalism is in economic crisis since 2008 and in political crisis since 2016. The secular stagnation issue was brought again to the fore, in so far as capitalism turned again liberal (instead of developmental) since 1980. But it is more likely that rich countries will face low growth, financial instability, and increasing inequality, unless they are able to criticize economic liberalism. (Paper for Berlin conference)

Financial Stability and Growth: Perspectives on Financial Regulation and New Developmentalism

2014. The 2008 global financial crisis took the world by surprise and was disastrous. This volume argues that  developing countries suffered less, and that financial policy and regulation played a crucial part in this. (Book edited with Jan Kregel and Leonardo Burlamaqui )

The crisis of the euro, a foreign currency

2012. Articles published in the press, especially in my weekly column in Folha de S.Paulo, between February 15, 2010 and June 5, 2012. In these articles I radicalized the analysis to the extent that I understand the seriousness of the crisis. The turning point for me came when, in my article of November 21, 2011, I became aware of what had been the fundamental error of the creators of the euro: they replaced their national currencies with a foreign currency.

A crise global de 2008 e a metaideologia neoclássica

2010.Revista de Economia da PUC-SP, São Paulo, No. 2, Jul.-dez./2009 No. 3, jan.-jun./2010.

A natureza da crise na Europa (Folha, 10.5.10)

2010. Este artigo foi publicado no mesmo dia em que foi anunciado um pacote de 750 bilhões de euros para garantir o próprio euro. (Artigo, Folha)

The true nature of the crisis in Europe (Folha, 10.5.10)

2010. This article was published in the same day that Europe announced a 750 billions of euros package to guarantee indebted countries. (Article: Folha)

Crise Global e o Brasil (coletânea)

2010. In this book, the papers presented to the 5o. Fórum de Economia da Fundação Getulio Vargas - most of them discussing the Global 2008 Financial Crisis. (Edited book)

Doença holandesa e indústria (coletânea)

2010. Livro que contém os trabalhos apresentados no 4o. Fórum de Economia da Fundação Getulio Vargas.

Por que os ortodoxos erram tanto? (Folha, 8.2.10)

2010. Porque adotam método de ciências como a matemática para justificar o "laissez-faire", origem de crises e mais crises. (Article: Folha de S.Paulo, 08.02.2010)

Why do orthodox make so many mistakes? (Folha, 8.2.10)

2010. Because they adopt scientific methods as mathematics to justify the laissez faire, the origin of countless crises. (Article: Folha de S. Paulo, February 08, 2010)

The 2008 financial crisis and neoclassical economics

2010. The 2008 financial crisis was caused by the deregulation promoted by neoliberal and financialized capitalism with the support of neoclassical economics. (Paper: Brazilian Journal of Political Economy)

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Assalto ao Estado e ao mercado, neoliberalismo e teoria econômica

2009. Neliberalism did not attack just the state but also markets, since they depend on state regulation. Neoclassical economics was the meta-ideology offering "scientific" support to neoliberalism. (Essay: Estudos Avançados).

Assault on the State and on the market: neoliberalism and economic theory

2009. Neoliberalism and its "scientific" justification, neoclassical economics, were more than just an assault on the state it was also an assault to the market. (Essay: Estudos Avançados). A slightly modified version, "Economics: an assault on the state", has been published in Challenge, 53 (5), September 2010: 57-77.

El asalto al Estado y al mercado: neoliberalismo y teoría económica

2009. Neliberalism did not attack just the state but also markets, since they depend on state regulation. Neoclassical economics was the meta-ideology offering "scientific" support to neoliberalism. (Paper in Nueva Sociedad)

Quem socorre o G-20? (Folha, 6.4.09)

2009. The G20 increased the resources of IMF rich countries say that is to help developing countries actually the main objective is also to save their own banks that made irresponsible loans to equally irresponsible countries. (Article: Folha de S.Paulo).

Ex ministro brasileño sugiere seguir ejemplo chino de mantener superávit por cuenta corriente (Xinhuanet, 3.4.09)

2009. Brazil should propose an internationally limit to current account deficits and surpluses. (Entrevista de Chen Weihua e Edgardo Loguercio to Xinhuanet).

Morality and crisis (Estadão, 22.3.09)

2009. The crisis capitalism now faces is economic, but its causes are political and moral as well. Both teach the "invisible hand" thesis and reject the existence of the public interest. (Article: O Estado de S.Paulo)

A moral e a crise (Estadão, 22.3.09)

2009. The present crisis is also a moral crisis. It is a consequence of the neoliberal ideology and of the orthodox economic theory. Both teach the "invisible hand" thesis and reject the existence of the public interest. (Article: O Estado de S.Paulo)

A queda do PIB (Folha, 16.3.09)

2009. O desempenho da produção neste ano vai depender muito da política do governo. Temos sido tímidos em reagir à crise (Article: Folha de S.Paulo).