What is it about?
This paper criticizes liberal-orthodoxy' macroeconomic tripod as well as the PT's administration inability to do a better job. Since 2003 the Workers Party (PT) developmental economists tried to change this perverse liber-orthodox macroeconomic tripod, but eventually, have fallen in fiscal as well as exchange rate populism.
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Why is it important?
This is a paper critical not only of liberal-orthodox but also heterodox economists.
Perspectives
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Dr Luiz Carlos Bresser-Pereira
Getulio Vargas Foundation
Read the Original
This page is a summary of: The Macroeconomic Tripod and the Workers’ Party Administration, January 2016, Nature,
DOI: 10.1057/9781137549815_6.
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