Rethinking the economics of capital mobility and capital controls

This paper reexamines the issue of international financial capital mobility, which is today's economic orthodoxy. Discussion is often framed in terms of the impossible trinity. That framing distorts discussion by representing capital mobility as having equal significance with sovereign monetary policy and control over exchange rates. It also distorts discussion by ignoring possibilities for coordinated monetary policy and exchange rates, and for managed capital flows. The case for capital mobility rests on neo-classical economic efficiency arguments and neo-liberal political arguments. The case against capital mobility is based on Keynesian macroeconomic inefficiency arguments, neo-Walrasian market failure arguments, and neo-Marxian arguments regarding distortion of the social structure of accumulation. Close examination shows the case for capital mobility to be extremely flimsy, pointing to the ideological dimension behind today's policy orthodoxy.

The new international financial crisis: causes, consequences and perspectives

The paper investigates the recent financial crisis within a historical and comparative perspective having in mind that it is ultimately a confidence crisis, initially associated to a chain of high risk loans and financial innovations that spread thorough the international system culminating with impressive wealth losses. The financial market will eventually recover from the crisis but the outcome should be followed by a different and more disciplined set of international institutions. There will be a change on how we perceive the widespread liberal argument that the market is always efficient, or at least, more efficient than any State intervention, overcoming the false perception that the State is in opposition to the market. A deep financial crisis brings out a period of wealth losses and an adjustment process characterized by price corrections (commodities and equity price deflation) and real effects (recession and lower employment), and a period of turbulences and end of illusions is in place.

Political Legitimacy and Ethnocultural Justice. Essays on Public Reason, Democratic Citizenship, and the Rights of Cultural Minorities

In this thesis, I argue that there are public cultural reasons that can underpin public justifications of minority rights of indigenous and national minorities in a constitutionaldemocracy. I do so by tackling diverse issues facing a liberal theory of multiculturalism. In the first essay, I criticize Will Kymlicka’s comprehensive liberal theory of minority rights and propose a political liberal alternative. The main problem of Will Kymlicka’s theory is that it builds on the contestable liberal value of individual autonomy and thus fails to take diversity seriously. In the second essay, I elaborate on the Rawlsian political liberalism assumed here by criticizing Chandran Kukathas’s version of political liberalism as overly accommodating to diversity. In the third essay, I discuss questions of method that arise for a political liberal approach to the moral-political foundations of multiculturalism, and propose a certain understanding of the political liberal enterprise and its crucial standard of reasonableness. In the fourth essay, I dwell on the political liberal ethic of citizenship and propose a strongly inclusionist interpretation of the duty of civility. In the fifth and last essay, I introduce a certain understanding of ethnocultural justice and propose a view on certain cultural reasons as public cultural reasons. Cultural reasons are public when they are based on necessarily established cultural marks of a democratic polity, as specified by the cultural establishment view; and when they are crucial for the societal cultural bases of self-respect of citizens. The arguments in this thesis support, and help to spell out, moral-political rights of indigenous and national minorities as formulated in international legal documents, such as the Declaration on the Rights of Indigenous Peoples (United Nations 2007) or the International Covenant on Economic, Social and Cultural Rights (United Nations 1966).

Five models of capitalism

Besides analyzing capitalist societies historically and thinking of them in terms of phases or stages, we may compare different models or varieties of capitalism. In this paper I survey the literature on this subject, and distinguish the classification that has a production or business approach from those that use a mainly political criterion. I identify five forms of capitalism: among the rich countries, the liberal democratic or Anglo-Saxon model, the social or European model, and the endogenous social integration or Japanese model; among developing countries, I distinguish the Asian developmental model from the liberal-dependent model that characterizes most other developing countries, including Brazil.

Teorias do comércio internacional: um debate sobre a relação entre crescimento econômico e inserção externa

Theories of international trade: a debate on the relationship between economic growth and foreign market insertion. The paper analyzes the importance accorded to the high technology industry sector in the process of economic growth, in its relation to international trade. Considering at first liberal arguments that disregard productive and commercial specialization as a cause of unequal economic development, the paper discusses then some institutionalist and evolutionist arguments which, since List, stress that high technology specialization matters for the rate of increase of productivity and for the surmount for foreign exchange restrictions to growth.

Alternative banking: theory and evidence from Europe

Since financial liberalization in the 1980s, non-profit maximizing, stakeholder-oriented banks have outperformed private banks in Europe. This article draws on empirical research, banking theory and theories of the firm to explain this apparent anomaly for neo-liberal policy and contemporary market-based banking theory. The realization of competitive advantages by alternative banks (savings banks, cooperative banks and development banks) has significant implications for conceptions of bank change, regulation and political economy.

Gênese e agenda do novo desenvolvimentismo brasileiro

The debate regarding Brazil's development model returned again to the public arena in the first decade of 21st century after two decades of orthodox economic policies which encouraged non-developed countries to adopt liberal economic policies as their preferred growth strategies. As Brazil achieved neither economic stability nor development, the discussion of new development strategies returned as a popular research topic. It is in this context that a new development theory - New Developmentalism - emerges. The objective of this article is to review the origins of this debate and the main propositions defended by the group aiming to implement a new development model policy in the country. The main conclusions are that this group has had an important contribution in maintaining the development debate in the public agenda as well as proposing a new theoretical approach called "structuralist macroeconomic development".

Narratives of emergence: rising powers and the end of the Third World?

This article examines recent arguments from development economists, from historians and from international relations specialists that do challenge the continued relevance of the idea of the Third World. It then examines five reasons why these arguments are wrong. We can indeed understand much about emerging powers in terms of how they are seeking to navigate and best position themselves within an existing state-centric, liberal and capitalist order whilst accepting many of the underlying assumptions and values of that order. But the nature of that navigation has been shaped by their historical trajectory and by the developmental, societal and geopolitical context of their emergence.

Crise e industrialização no Brasil entre 1929 e 1954: a reconstrução do Estado Nacionale a política nacional de desenvolvimento

RESUMOO texto analisa os principais efeitos decorrentes da política econômica de defesa do café e do extraordinário esforço de industrialização desencadeado pelo Estado Nacional entre 1929 e 1954. Distingue o desenvolvimentismo do I e II governo Vargas (30-45 e 51-54), contrapondo-o à frustrada tentativa de retorno liberal de Dutra (46-50). Destaca o importante esforço de reconstrução do Estado e da introdução de instrumentos de controle da política econômica nacional, materializados pelo extraordinário trabalho da Assessoria Econômica da Presidência (51-54), criada por Vargas, onde pontificaram nomes de grandes brasileiros como Rômulo de Almeida, Ignácio Angel, Jesus Soares Pereira, Cleanto Paiva Leite e Tomás P. Acioli Borges, verdadeiros artífices de nossos principais projetos e planos de desenvolvimento de então.

A força das coisas: "etapas do desenvolvimento histórico" - notas de pesquisa

Este texto veio a constituir, modificado, o primeiro capítulo de nossa tese de mestrado - A Fênix tropical: nota crítica sobre o dualismo e a teoria da dependência, Faculdade de Filosofia, Letras e Ciências Humanas, Universidade de São Paulo. Trata dos seguintes temas: I - A "filosofia da história", o marxismo e a "objetividade"; II - O pensamento social brasileiro: as teorias do/sobre o desenvolvimento e o marxismo apologético: 1.º Werner Baer: a "objetividade" conservadora contra as "paixões" reformistas; 2.º Carlos Lessa: Industrialização como "decisão"; 3.º ISEB: objetividade reformista contra paixões socialistas; 4.º Maturidade política contra aventuras socialistas; III - Os pressupostos comuns.

Direitos humanos, propriedade privada e educação

O presente texto constitui síntese de comunicação do autor à III Conferência Brasileira de Educação (Niterói, outubro de 1984). Afirma-se a necessidade de discutir as raízes da idéia de direitos do indivíduo e seu vínculo, no pensamento fundador de Locke, com a propriedade e, mais ainda, a liberdade e autonomia da pessoa humana. Discute-se ainda o suposto liberal-racionalista de alocação ótima dos recursos sociais através do choque e combinação de interesses privados. Uma dupla crise de nossos tempos: crise da concepção de universo auto-regulado laplaceano (e sua ciência: o determinismo mecânico ou substancial) e a crise da crença na alocação ótima via mercado. A idéia de intervenção do Estado na economia não significa a destruição da propriedade privada, da lei do valor e do lucro. Apenas atesta a sua sobrevivência e procura garantir seu desenvolvimento. Não se pode pensar analogamente a idéia de educação como direito social garantido e alocado pelo Estado, como investimento no "capital humano"? Qual o sentido da expressão - uma "política educacional"?

NIKLAS LUHMANN E RICHARD RORTY: CONTINGÊNCIAS E INCONSISTÊNCIAS

Rorty enfrentou as contingências do mundo contemporâneo apostando no partilhamento da “retórica das democracias liberais”, como a mais aceita e mais adequada em uma sociedade caracterizada pelo fim das metanarrativas e das condutas de moral absoluta. Mas essa aposta resvala claramente num pragmatismo moral mal disfarçado. Luhmann, ao contrário, levou até o fim a preocupação, abandonada por Rorty, de elaborar uma teoria antimetafísica e despida de um projeto normativo para a sociedade contemporânea. Sua teoria dos sistemas enfrenta as contingências do mundo, excluindo tudo que for externo ao sistema, ou seja, tudo que não possa se tornar um mecanismo de manutenção da identidade dos sistemas face à complexidade do mundo.

Disabled legislators : disability and Irish colonial pathology in James Joyce's Ulysses

Why are there so many disabled characters in James Joyce's Ulysses? "Disabled Legislators" seeks to answer this question by exploring the variety and depth of disability's presence in Joyce's novel. This consideration also recognizes the unique place disability finds within what Lennard Davis calls "the roster of the disenfranchised" in order to define Joyce as possessing a "disability consciousness;" that is, an empathetic understanding (given his own eye troubles) of the damaged lives of the disabled, the stigmatization of the disabled condition, and the appropriation of disabled representations by literary works reinforcing normalcy. The analysis of four characters (Gerty MacDowell, the blind stripling, the onelegged sailor, and Stephen Dedalus) treats disability as a singular self-concept, while still making necessary associations to comparably created marginal identities-predominantly the colonial Other. This effort reevaluates how Ulysses operates in opposition to liberal Victorian paradigms, highlighting disability's connections to issues of gender, intolerance, self-identification and definition.

On the edge : exploring homeless women's social networks

This thesis aims to uncover the ways that previously homeless women in the Niagara region are able (or unable) to rely on friends, family and service providers in times of crisis (homelessness and poverty). Eleven women were interviewed and their experiences indicate that social networks cannot take the place of comprehensive and inclusive social policy. Time and time again, their stories showed that they were left negotiating the detritus of neo-liberal policies.

Opening truth to imagination : the pragmatism of John Dewey and Richard Rorty

This study explores in a comparative way the works of two American pragmatist philosophers-John Dewey and Richard Rorty. I have provided a reading of their broader works in order to offer what I hope is a successful sympathetic comparison where very few exist. Dewey is often viewed as the central hero in the classical American pragmatic tradition, while Rorty, a contemporary pragmatist, is viewed as some sort of postmodern villain. I show that the different approaches by the two philosophers-Dewey's experiential focus versus Rorty's linguistic focus-exist along a common pragmatic continuum, and that much of the critical scholarship that pits the two pragmatists against each other has actually created an unwarranted dualism between experience and language. I accomplish this task by following the critical movement by each of the pragmatists through their respective reworking of traditional absolutist truth conceptions toward a more aesthetical, imaginative position. I also show how this shift or "turning" represents an important aspect of the American philosophical tradition-its aesthetic axis. I finally indicate a role for liberal education (focusing on higher nonvocational education) in accommodating this turning, a turning that in the end is necessitated by democracy's future trajectory