Despite the fact that after the second half of the 1990s studies of financial exclusion have gained strength among the studies about poverty and regional and social inequalities, a few studies about this problem had appear in the Brazilian economic literature. The present work contributes to the...

This article analyses the roots of the European debt crisis, which started at the end of 2009 and embraced the so called PIGS, causing a global turbulence. It studies the historical genesis of the European Monetary Union since the decade of 1970, in connection with the dynamics of the...

This article shows that, to a large extent, the European sovereign debt crisis resulted from the institutional arrangement of Maastricht, as well as the policies pursued by the European leadership, formatted from the "new macroeconomic consensus" and the theory of optimal economic area. In...

This article discusses the theoretical foundations of the concept of production of ONU’s National Accounting System, demonstrating that it is constructed upon ad hoc formulations. To start with, the distinction between intermediate consumption and workers’ consumption at the working site...

This article analyses the working of the gold standard, pointing out the inconsistencies of the traditional view, based on Hume’s specie flow-price mechanism, which ignores Adam Smith’s “law of reflux”, and the properties of a commodity-money regime. Avoiding the aprioristic and...

This article critically examines Christopher Arthur’s “New Dialectic”, showing its analytical and formal character, which works through the addition of determinations, making necessary to “reconstruct” Marx’s Capital. With the abandonment of the universal concrete, the unfolding of...

This article challenges the notion that the modern general equilibrium theory of Arrow-Debreu is a rigorous formulation of neoclassical economics and that, by contrast, Sraffian and Marxian economics are not compatible with it. It shows that the standard Arrow-Debreu assumptions regarding the...

The aim of this paper is to discuss the idea that knowledge externalities, as discussed in the Endogenous Growth Theory, can be spread over any kind of space. Although this point has already been discussed by some scholars in the heterodox tradition (Nelson, 1998, Martin and Sunley, 1998, among...

One important question that has been discussed in the literature about regional economics is the relevance of local productive networks (clusters) for the regional development. It is possible to find a huge number of case studies that discuss many aspects of this kind of network: cooperation,...

There are in the literature on both industrial and regional economics many studies on local productive arrangements. Indeed, this kind of industrial/regional organization has become an important piece in the implementation of industrial, regional and technological policies. Accordingly, a...