What Can We Learn from Alternative Theories of Economic Development?

January 30, 2017

In the discourse about policy reform, the admixture of legal and economic ideas has become commonplace in a growing number of jurisdictions and in international law. But, of course, the “crisis” in the teaching of economics is also a crisis in economic thought. For those interested in the legal appropriations of economic ideas, spanning from “Law & Economics” (more recently “Behavioral L & E”) and “Law & Finance” to “Law & Development” and “Legal Analysis of Economic Policy”, the review produced by Ingrid Kvangraven is extremely enlightening and informative. The members (students, lawyers, professors) of the Law, Economy and Society Group (LESG) at the University of Brasília will have a special interest in engaging with the review and also with the book.


Developing Economics


As people across the world are struggling to understand the rise of Trumpism, anti-establishment and anti-free trade movements, Erik Reinert (Tallinn University of Technology), Jayati Ghosh (Jawaharlal Nehru University) and Rainer Kattel (Tallinn University of Technology) have put together an impressive Handbook of Alternative Theories of Economic Development that can help make sense of what’s going on. As the field of Economics has become increasingly narrow since the 1970s, many important scholars and theories have been excluded from the field, and since forgotten. This Handbook presents rich historical accounts and ideas that can help explain economic and social development, and is a much needed attempt to correct for the existing biases in the field of Economics.

View original post 1,302 more words


Dissertation on ‘Law and Development’ will be presented tomorrow

April 16, 2013

[Click here to read this post in Portuguese]

As part of the activities of the Law, Economy and Society Group (LESG), of the Faculty of Law of the University of Brasília (FD-UnB), José Flávio Bianchi will present his master’s dissertation entitled “The Debate about Law and Development in Brazil and the New Institutionalist Economic [Perspective]”. The event will take place tomorrow (April 17, 2013) at 3pm in FD-UnB premises. In his academic exercise, Bianchi offers an assessment of the influence of the thought of Douglass North on the elaboration of arguments by Brazilian authors writing on the relationship between law and economic development. Below is the abstract of Bianchi’s dissertation:

The present dissertation analyzes the influence of the new institutionalist theory of Douglass North on the debate regarding law and development in Brazil. For this purpose, I elaborate a review of the literature on the economic theories which have provided the basis of ‘classic developmentalism’ in Brazil, as well of the works belonging to the ‘neoinstitutionalist theory’ of Douglass North. Studies conducted by Brazilian jurists and related to the theme of development were also analyzed. The dissertation is divided into two parts. The first part, having three chapters, deals with theories which economists and jurists understand as beneficial to economic development. In chapter 1, I analyze the economic thinking of classic Brazilian developmentalism, including works by Celso Furtado and Roberto Campos, as well as theories that may serve as basis for the ‘new developmentalism’, such as Amartya Sen and Dani Rodrik. In chapter 2, I summarize the debate about the so-called “institutional turn”, which resulted from the Read the rest of this entry »

Law and development in Brazil: new paper

July 1, 2012

The Standing Group of the European Consortium for Political Research (ECPR) recently held its 4th Biennial Conference on ‘New Perspectives on Regulation, Governance and Learning’, at the University of Exeter, 27-29 June 2012 (see program here). One paper presented in the conference reflects research interests of the Law, Economy and Society Group (LESG) of the University of Brasília. The paper addressed the topic of “Economic Development and the Legal Foundations of Regulation in Brazil”. See the abstract below:

Paper title: Economic Development and the Legal Foundations of Regulation in Brazil.

Abstract: Since the mid-1990s Brazil has undergone several public-sector reforms aimed at bringing the regulatory process more in line with the need to enhance economic and social development in an international environment that ecouraged the adoption of liberalized market arrangements. The paper describes the evolution of legal ideas underlying authoritative discourse used as grounds for changes in regulation and policy-making in Brazil. It examines the role of legal ideas, especially in the field of Brazilian administrative law, in the shaping of policy since the rise of enlarged administrative power in the 19th century to the emergence of the older developmentalist state in the 1930s, to pro-market reforms of the mid-1990s, to the more recent discussions influenced by the “new law and development” and the “legal analysis of economic policy” as potential new avenues for the organization of regulatory practices. A description of the contrasts between Read the rest of this entry »