English Abstract: Accounts of Nicholas Georgescu-Roegen's career as an economist usually focus either on the brilliance of his pioneer contributions to mathematical economics during the 1930s, or more frequently, on his later conversion to a critical approach to economic theory anchored on the...

This paper aims to formulate a concept of developmentalism from the Latin American historical reality. It's observed that the term qualifies manifold phenomena, in the past and in the present, without efforts on its delimitation. Thus, the concepts polysemy becomes ambiguity about its denotative...

In June 1961 the American economist Douglass North visited Brazil for 3 weeks, for a mission organized by the US State Department and Instituto Brasileiro de Economia (IBRE-FGV). The goals of North's Brazilian mission were to evaluate Sudene's plans for the Northeast - which involved meeting...

Portuguese Abstract: Um dos temas mais discutidos na área de finanças é a forma como os mercados se estruturam informacionalmente, precificando ativos financeiros. Uma das teorias centrais de discussão é a Hipótese de Eficiência dos Mercados (HEM) de Eugene Fama (1970), derivada da teoria...

The essay will try to debate about the institutional theory, confronting the emergence of institutionalism with the limits of neoclassical theory. The initial old institutionalism and the new institutionalism ideas will be discussed trying to underline what distinguishes the ideas of Coase and...

The crisis in (financial) markets led to the failure of orthodoxy and should bring out a new theoretical and methodological framework to Economics. This essay discusses what is Economics and if it needs to move away from its normative dimension to assert itself as a producer of scientific...

This work deals with land reform in Brazil through an evolutionary and new institutional economics theoretical framework. Firstly, this theoretical underpinning delineates the existence of an intrinsic relation between asset equality and economic efficiency, going against the neoclassical...

The theme of economic development has always had an important role at the center of macroeconomic research, meanwhile microeconomic environment; uncertainty has its due prominence. However, few authors develop these issues jointly, although the uncertainty holds an important role in decision...

Hungary, just as all the other Central European countries, is facing a number of interrelated challenges: the changing dynamics of globalisation and the concomitant re-arrangement of the international division of labour, as well as joining the European Union, where cohesion with the more...

This paper discusses Herbert A. Simon’s conception of rationality in two of its principal general definitions: bounded rationality and procedural rationality. It argues that the latter is the one that better synthesizes the author’s view about rational behavior and that the former fills...