Conexões do pensamento de Celso Furtado com o institucionalismo vebleniano: hábitos, emulação e efeito-demonstração

Ademir Pedro Vilaça Júnior; Octávio Augusto Camargo Conceição

Connections between Celso Furtado and Veblenian institutionalism: habits, emulation and demonstration-effect

Authors

Ademir Pedro Vilaça Júnior Superintendência de Desenvolvimento do Nordeste, Recife, PE, Brasil. https://orcid.org/0000-0002-0053-9917
Octávio Augusto Camargo Conceição Universidade Federal do Rio Grande do Sul, Porto Alegre, RS, Brasil. https://orcid.org/0000-0002-3042-4555

Abstract

Abstract: The paper uses elements of the original institutionalism to analyze the development dynamics in peripheral countries. Based on the specificities of underdeveloped countries described by the structuralist approach, we strive to establish a theoretical nexus with the institutionalism in order to comprehend the intrinsic aspects of the social structure stratification. Thus, we incorporate the veblenian notion of emulation as the analytical root of the demonstration-effect, which, through conspicuous consumption, diffuses and legitimizes consumption and production patterns in the society. We conclude that the complementarity of the approaches contributes to deepen the understanding about social characteristics of the differentiation process in the center-peripheral system.

Keywords: Structuralism, institutionalism, economic development.

JEL Codes: B41, B52, O43

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Published

2021-12-30

How to Cite

VILAÇA JÚNIOR, A. P.; CONCEIÇÃO, O. A. C. Connections between Celso Furtado and Veblenian institutionalism: habits, emulation and demonstration-effect. Nova Economia, [S. l.], v. 31, n. 3, p. 929–954, 2021. Disponível em: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/6444. Acesso em: 18 jul. 2024.

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Issue

Vol. 31 No. 3 (2021): Revista Nova Economia

Section

Regular Issue

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