Book review: Furtado, Celso (2020): The myth of economic development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISB...

Autores
Graña Colella, Santiago; Pellegrini, Mariana
Año de publicación
2021
Idioma
inglés
Tipo de recurso
reseña artículo
Estado
versión publicada
Descripción
On the 100th anniversary of Celso Furtado's birth, several publications, such as Klüger (2020) and Lacerda et al. (2020), and conferences, such as 'Celso Furtado 100 anos', were created to honour the achievements of one of the founders of Latin American Structuralism. In this context, Polity Press has published, for the first time in English, Furtado's book from 1974, O Mito do Desenvolvimento Econômico. In this book, Furtado aims to unmask what he names as 'the myth of economic development', which acts as guidance for most economic models of development. In short, the myth consists of the belief that consumption patterns from central countries, associated with development, can be universalized to the entire population of undeveloped peripheral countries. To elaborate on his arguments, Furtado critically revises 'The limits to growth' (LTG) report (Meadows et al. 1972), commissioned by the club of Rome. This study concluded, by means of a computational model, that the world seen as a whole system would find its limits to growth approximately 100 years after the publication of the LTG report. According to Furtado, this report, which has had great influence in the de-growth literature (Fournier 2008), is wrongly based on the myth of economic development and consequently overestimates the consequences of growth, leading to 'catastrophic conclusions'. The English version of O Mito do Desenvolvimento Econômico analysed in the present review includes an introduction by Ndongo Samba Sylla, which presents a short biography of Furtado focusing on his academic influences and studies, publications, and research framework. In addition, the introduction provides a summary of the LTG report and a summary and analysis of The Myth of Economic Development itself.
Fil: Graña Colella, Santiago. Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales; Argentina.
Fil: Pellegrini, Mariana. Berlin School of Economics and Law (HWR), Germany and University Sorbonne Paris Nord (USPN); France.
Fuente
European Journal of Economics and Economic Policies: Intervention, 18(1), 106-109. ISSN 2052-7772. 10.4337/ejeep.2021.01.07
Materia
Revisiones Bibliográficas
Desarrollo Económico
Celso Furtado
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by/4.0/deed.es
Repositorio
Nülan (UNMDP-FCEyS)
Institución
Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
OAI Identificador
oai:nulan.mdp.edu.ar:3942
Acceder
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network_name_str Nülan (UNMDP-FCEyS)
spelling Book review: Furtado, Celso (2020): The myth of economic development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0)Graña Colella, SantiagoPellegrini, MarianaRevisiones BibliográficasDesarrollo EconómicoCelso FurtadoOn the 100th anniversary of Celso Furtado's birth, several publications, such as Klüger (2020) and Lacerda et al. (2020), and conferences, such as 'Celso Furtado 100 anos', were created to honour the achievements of one of the founders of Latin American Structuralism. In this context, Polity Press has published, for the first time in English, Furtado's book from 1974, O Mito do Desenvolvimento Econômico. In this book, Furtado aims to unmask what he names as 'the myth of economic development', which acts as guidance for most economic models of development. In short, the myth consists of the belief that consumption patterns from central countries, associated with development, can be universalized to the entire population of undeveloped peripheral countries. To elaborate on his arguments, Furtado critically revises 'The limits to growth' (LTG) report (Meadows et al. 1972), commissioned by the club of Rome. This study concluded, by means of a computational model, that the world seen as a whole system would find its limits to growth approximately 100 years after the publication of the LTG report. According to Furtado, this report, which has had great influence in the de-growth literature (Fournier 2008), is wrongly based on the myth of economic development and consequently overestimates the consequences of growth, leading to 'catastrophic conclusions'. The English version of O Mito do Desenvolvimento Econômico analysed in the present review includes an introduction by Ndongo Samba Sylla, which presents a short biography of Furtado focusing on his academic influences and studies, publications, and research framework. In addition, the introduction provides a summary of the LTG report and a summary and analysis of The Myth of Economic Development itself.Fil: Graña Colella, Santiago. Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales; Argentina.Fil: Pellegrini, Mariana. Berlin School of Economics and Law (HWR), Germany and University Sorbonne Paris Nord (USPN); France.Edward Elgar Publishing2021-04info:eu-repo/semantics/reviewinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_dcae04bcinfo:ar-repo/semantics/resenaArticuloapplication/pdfhttps://nulan.mdp.edu.ar/id/eprint/3942/https://nulan.mdp.edu.ar/id/eprint/3942/1/grana-pellegrini-2021.pdf European Journal of Economics and Economic Policies: Intervention, 18(1), 106-109. ISSN 2052-7772. 10.4337/ejeep.2021.01.07 <https://doi.org/10.4337/ejeep.2021.01.07> reponame:Nülan (UNMDP-FCEyS)instname:Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Socialesenginfo:eu-repo/semantics/altIdentifier/doi/10.4337/ejeep.2021.01.07info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by/4.0/deed.es2025-09-04T09:44:50Zoai:nulan.mdp.edu.ar:3942instacron:UNMDP-FCEySInstitucionalhttp://nulan.mdp.edu.ar/Universidad públicaNo correspondehttp://nulan.mdp.edu.ar/cgi/oai2cendocu@mdp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:18452025-09-04 09:44:50.427Nülan (UNMDP-FCEyS) - Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Socialesfalse
dc.title.none.fl_str_mv Book review: Furtado, Celso (2020): The myth of economic development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0)
title Book review: Furtado, Celso (2020): The myth of economic development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0)
spellingShingle Book review: Furtado, Celso (2020): The myth of economic development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0)
Graña Colella, Santiago
Revisiones Bibliográficas
Desarrollo Económico
Celso Furtado
title_short Book review: Furtado, Celso (2020): The myth of economic development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0)
title_full Book review: Furtado, Celso (2020): The myth of economic development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0)
title_fullStr Book review: Furtado, Celso (2020): The myth of economic development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0)
title_full_unstemmed Book review: Furtado, Celso (2020): The myth of economic development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0)
title_sort Book review: Furtado, Celso (2020): The myth of economic development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0)
dc.creator.none.fl_str_mv Graña Colella, Santiago
Pellegrini, Mariana
author Graña Colella, Santiago
author_facet Graña Colella, Santiago
Pellegrini, Mariana
author_role author
author2 Pellegrini, Mariana
author2_role author
dc.subject.none.fl_str_mv Revisiones Bibliográficas
Desarrollo Económico
Celso Furtado
topic Revisiones Bibliográficas
Desarrollo Económico
Celso Furtado
dc.description.none.fl_txt_mv On the 100th anniversary of Celso Furtado's birth, several publications, such as Klüger (2020) and Lacerda et al. (2020), and conferences, such as 'Celso Furtado 100 anos', were created to honour the achievements of one of the founders of Latin American Structuralism. In this context, Polity Press has published, for the first time in English, Furtado's book from 1974, O Mito do Desenvolvimento Econômico. In this book, Furtado aims to unmask what he names as 'the myth of economic development', which acts as guidance for most economic models of development. In short, the myth consists of the belief that consumption patterns from central countries, associated with development, can be universalized to the entire population of undeveloped peripheral countries. To elaborate on his arguments, Furtado critically revises 'The limits to growth' (LTG) report (Meadows et al. 1972), commissioned by the club of Rome. This study concluded, by means of a computational model, that the world seen as a whole system would find its limits to growth approximately 100 years after the publication of the LTG report. According to Furtado, this report, which has had great influence in the de-growth literature (Fournier 2008), is wrongly based on the myth of economic development and consequently overestimates the consequences of growth, leading to 'catastrophic conclusions'. The English version of O Mito do Desenvolvimento Econômico analysed in the present review includes an introduction by Ndongo Samba Sylla, which presents a short biography of Furtado focusing on his academic influences and studies, publications, and research framework. In addition, the introduction provides a summary of the LTG report and a summary and analysis of The Myth of Economic Development itself.
Fil: Graña Colella, Santiago. Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales; Argentina.
Fil: Pellegrini, Mariana. Berlin School of Economics and Law (HWR), Germany and University Sorbonne Paris Nord (USPN); France.
description On the 100th anniversary of Celso Furtado's birth, several publications, such as Klüger (2020) and Lacerda et al. (2020), and conferences, such as 'Celso Furtado 100 anos', were created to honour the achievements of one of the founders of Latin American Structuralism. In this context, Polity Press has published, for the first time in English, Furtado's book from 1974, O Mito do Desenvolvimento Econômico. In this book, Furtado aims to unmask what he names as 'the myth of economic development', which acts as guidance for most economic models of development. In short, the myth consists of the belief that consumption patterns from central countries, associated with development, can be universalized to the entire population of undeveloped peripheral countries. To elaborate on his arguments, Furtado critically revises 'The limits to growth' (LTG) report (Meadows et al. 1972), commissioned by the club of Rome. This study concluded, by means of a computational model, that the world seen as a whole system would find its limits to growth approximately 100 years after the publication of the LTG report. According to Furtado, this report, which has had great influence in the de-growth literature (Fournier 2008), is wrongly based on the myth of economic development and consequently overestimates the consequences of growth, leading to 'catastrophic conclusions'. The English version of O Mito do Desenvolvimento Econômico analysed in the present review includes an introduction by Ndongo Samba Sylla, which presents a short biography of Furtado focusing on his academic influences and studies, publications, and research framework. In addition, the introduction provides a summary of the LTG report and a summary and analysis of The Myth of Economic Development itself.
publishDate 2021
dc.date.none.fl_str_mv 2021-04
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info:eu-repo/semantics/publishedVersion
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publisher.none.fl_str_mv Edward Elgar Publishing
dc.source.none.fl_str_mv European Journal of Economics and Economic Policies: Intervention, 18(1), 106-109. ISSN 2052-7772. 10.4337/ejeep.2021.01.07 <https://doi.org/10.4337/ejeep.2021.01.07>
reponame:Nülan (UNMDP-FCEyS)
instname:Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
reponame_str Nülan (UNMDP-FCEyS)
collection Nülan (UNMDP-FCEyS)
instname_str Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
repository.name.fl_str_mv Nülan (UNMDP-FCEyS) - Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
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