Amidst the current economic crisis in Brazil, it is often forgotten that the structure of the Brazilian economy, and especially the strong role of the state as an economic actor, predates the Workers' Party administrations (2003-present) and has been a fixture of the democratic regime. This...

Brazil features regularly in global comparisons of large developing economies. Yet since the 1980s, the country has been caught in a low-level equilibrium, marked by lackluster growth and destructive inequality. One cause is the country's enduring commitment to a set of ideas and institutions...

"Is Capitalism Working? is a highly relevant question today--not least to a generation coming of age in a world still experiencing aftershocks from the near-meltdown of the world economy in 2008. Economic theory can be complex, but Jacob Field's well-structured and thought-provoking text lays...