While economic inequality has gained prominence in the contemporary development debate, the reasons why the degree of tolerance for inequality varies among countries remain an unresolved issue. This knowledge gap has resulted in excessive policy emphasis on inequality in some countries where...

This article critically examines Brazil's economic stagnation since the 1980s, contesting the overarching view that attributes underdevelopment primarily to poor institutions. While acknowledging Brazil's impressive growth from 1932 to 1980, driven by an entrepreneurial state, the paper argues...