The article shows how Celso Furtado's interpretation of development and underdevelopment as interdependent phenomena was part of the emergence of development economics as a research field in the 1950s. The main features of underdeveloped economic structures, according to Furtado, were their...

This article investigates Celso Furtado's role in the broad controversy between structuralists and monetarists about inflation and stabilization that took place in Latin America between the mid-1950s and early 1960s. Furtado was the first to relate Latin American chronic inflation to the new...

This article investigates original contributions made by Swedish economists to the interpretation of the process of economic growth. Knut Wicksell studied the optimal capital accumulation path and applied the aggregate production function approach to growth with land scarcity. Gustav Cassel...

Some parallels are drawn between Celso Furtado’s structural and Douglass North’s neo-institutional approaches to economic history. It is argued that both authors interpreted the economic history of Brazil and the United States respectively in the context of the investigation of the economic...

From its flow tide, fueled by the Cold War, to its ebbing with the anti-growth movement and the economic crises of the early 1970s, the “growthmen” of MIT stood at the center of the dominant field in macroeconomics. The history of MIT growth economics is traced from Solow’s seminal...