Biblioteca Digital de VanguardiaOrthodoxy and heterodoxy in the economy: a debate about the consequences of the act that limits brazilian public spending
This paper provides an analysis of the debate between orthodox and heterodox Economists about the limit imposed on Brazilian public spending, which was proposed by the Government in 2016. The aim is to indicate the consequences of this act for the two groups of Economists. Orthodox economists attrib...
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| Formato: | info:eu-repo/semantics/article |
| Lenguaje: | Portugués |
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Departamento de Economia
2018
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| Materias: | |
| Acceso en línea: | https://periodicos.fclar.unesp.br/iniciativa/article/view/9598 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/64941 |
| _version_ | 1782335408802103296 |
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| author | Hegele, Fabiane |
| author_facet | Hegele, Fabiane |
| author_sort | Hegele, Fabiane |
| collection | Repositorio |
| description | This paper provides an analysis of the debate between orthodox and heterodox Economists about the limit imposed on Brazilian public spending, which was proposed by the Government in 2016. The aim is to indicate the consequences of this act for the two groups of Economists. Orthodox economists attribute the government's excessive spending to the public deficit and, in order to alleviate it, advocate cutbacks in spending. On the other hand, according to the heterodox analysis, the fiscal deficit of the Brazilian economy refers to a revenue problem, and it needs to be increased through tax collection to mitigate the deficit. Heterodox economists argue that the restriction on spending, as well as investment, advocated by the orthodox harms the economy, mainly due to the multiplier linked to public spending that is significant. It deduces that the debate among these two Economists groups is in accordance with the principles of the groups indicated in the literature. It understands that this dispute makes it impossible to reach a consensus about the consequences of the act that limits public spending and it suggests the adoption of the pluralist method in order to appease the debate. |
| format | info:eu-repo/semantics/article |
| id | clacso-CLACSO64941 |
| institution | CLACSO, Repositorio Digital |
| language | Portugués |
| publishDate | 2018 |
| publisher | Departamento de Economia |
| record_format | greenstone |
| spelling | clacso-CLACSO649412022-03-18T19:20:59Z Orthodoxy and heterodoxy in the economy: a debate about the consequences of the act that limits brazilian public spending Ortodoxia e heterodoxia na economia: um debate sobre as consequências da PEC do teto dos gastos públicos Hegele, Fabiane Economic methodology Orthodoxy Heterodoxy Pluralism Public sector deficit Brazil Metodologia econômica Ortodoxia Heterodoxia Pluralismo Déficit fiscal Brasil This paper provides an analysis of the debate between orthodox and heterodox Economists about the limit imposed on Brazilian public spending, which was proposed by the Government in 2016. The aim is to indicate the consequences of this act for the two groups of Economists. Orthodox economists attribute the government's excessive spending to the public deficit and, in order to alleviate it, advocate cutbacks in spending. On the other hand, according to the heterodox analysis, the fiscal deficit of the Brazilian economy refers to a revenue problem, and it needs to be increased through tax collection to mitigate the deficit. Heterodox economists argue that the restriction on spending, as well as investment, advocated by the orthodox harms the economy, mainly due to the multiplier linked to public spending that is significant. It deduces that the debate among these two Economists groups is in accordance with the principles of the groups indicated in the literature. It understands that this dispute makes it impossible to reach a consensus about the consequences of the act that limits public spending and it suggests the adoption of the pluralist method in order to appease the debate. Este trabalho consiste em uma análise do debate entre economistas ortodoxos e heterodoxos sobre a PEC que limita os gastos públicos brasileiros, proposta pelo Poder Executivo em 2016. O intuito é indicar as consequências dessa medida sob o ponto de vista distinto dos dois grupos. Os economistas ortodoxos atribuem o déficit público ao excesso de gastos do Governo e, para atenuá-lo, defendem corte nos gastos. Por outro lado, de acordo com a análise heterodoxa, o déficit fiscal da economia brasileira refere-se a um problema de receita, sendo necessário aumentá-la por meio de arrecadação tributária para atenuar o déficit. Os economistas heterodoxos argumentam que a restrição aos gastos, bem como aos investimentos, defendida pelos ortodoxos prejudica a economia, principalmente devido ao multiplicador vinculado ao gasto público que é expressivo. Constata-se que o debate entre esses economistas está em conformidade com os princípios dos grupos indicados pela literatura. Entende-se que essa discussão impossibilita que se chegue a um consenso sobre as consequências da PEC e sugere-se a adoção do método pluralista de modo a apaziguar o debate. 2018-06-29 2022-03-18T19:20:59Z 2022-03-18T19:20:59Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artigo avaliado pelos Pares https://periodicos.fclar.unesp.br/iniciativa/article/view/9598 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/64941 por https://periodicos.fclar.unesp.br/iniciativa/article/view/9598/7398 Copyright (c) 2018 Revista Iniciativa Econômica application/pdf Departamento de Economia Revista Iniciativa Econômica; v. 3 n. 1 (2017) 2358-5951 |
| spellingShingle | Economic methodology Orthodoxy Heterodoxy Pluralism Public sector deficit Brazil Metodologia econômica Ortodoxia Heterodoxia Pluralismo Déficit fiscal Brasil Hegele, Fabiane Orthodoxy and heterodoxy in the economy: a debate about the consequences of the act that limits brazilian public spending |
| title | Orthodoxy and heterodoxy in the economy: a debate about the consequences of the act that limits brazilian public spending |
| title_full | Orthodoxy and heterodoxy in the economy: a debate about the consequences of the act that limits brazilian public spending |
| title_fullStr | Orthodoxy and heterodoxy in the economy: a debate about the consequences of the act that limits brazilian public spending |
| title_full_unstemmed | Orthodoxy and heterodoxy in the economy: a debate about the consequences of the act that limits brazilian public spending |
| title_short | Orthodoxy and heterodoxy in the economy: a debate about the consequences of the act that limits brazilian public spending |
| title_sort | orthodoxy and heterodoxy in the economy: a debate about the consequences of the act that limits brazilian public spending |
| topic | Economic methodology Orthodoxy Heterodoxy Pluralism Public sector deficit Brazil Metodologia econômica Ortodoxia Heterodoxia Pluralismo Déficit fiscal Brasil |
| url | https://periodicos.fclar.unesp.br/iniciativa/article/view/9598 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/64941 |