This article consists of the author’s address thanking ANPEC for the honor bestowed on him. It begins by mentioning a list of Brazilian economists with whom he associated and who were crucial in creating the institutional structure which made it possible for the profession to grow. The author...

It has often been suggested that the trade-off between equity and efficiency can be overcome by achieving both goals sequentially. This article shows how the government of President Lula has tried to follow the latter, by first emphasizing economic orthodoxy, to be followed by measures to...