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)

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,...

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Detalles Bibliográficos
Autores principales: Graña Colella, Santiago, Pellegrini, Mariana
Formato: Reseña artículo publishedVersion
Lenguaje:Inglés
Publicado: Edward Elgar Publishing 2021
Materias:
Revisiones Bibliográficas
Desarrollo Económico
Celso Furtado
Acceso en línea:https://nulan.mdp.edu.ar/id/eprint/3942/
https://nulan.mdp.edu.ar/id/eprint/3942/1/grana-pellegrini-2021.pdf
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Nulan - Fac.Cs.Económicas (UNMdP) de Universidad Nacional de Mar del Plata (UNMdP)
id I29-R135-3942
record_format dspace
spelling I29-R135-39422023-09-26T15:53:25Z 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 Pellegrini, Mariana 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. Edward Elgar Publishing 2021-04 https://nulan.mdp.edu.ar/id/eprint/3942/ application/pdf eng 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> info:eu-repo/semantics/altIdentifier/doi/10.4337/ejeep.2021.01.07 info:eu-repo/semantics/review info:ar-repo/semantics/reseña artículo info:eu-repo/semantics/publishedVersion 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. Revisiones Bibliográficas Desarrollo Económico Celso Furtado info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by/4.0/deed.es
institution Universidad Nacional de Mar del Plata (UNMdP)
institution_str I-29
repository_str R-135
collection Nulan - Fac.Cs.Económicas (UNMdP)
language Inglés
orig_language_str_mv eng
topic Revisiones Bibliográficas
Desarrollo Económico
Celso Furtado
spellingShingle Revisiones Bibliográficas
Desarrollo Económico
Celso Furtado
Graña Colella, Santiago
Pellegrini, Mariana
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)
topic_facet Revisiones Bibliográficas
Desarrollo Económico
Celso Furtado
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.
format Reseña artículo
Reseña artículo
publishedVersion
author Graña Colella, Santiago
Pellegrini, Mariana
author_facet Graña Colella, Santiago
Pellegrini, Mariana
author_sort Graña Colella, Santiago
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)
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)
publisher Edward Elgar Publishing
publishDate 2021
url https://nulan.mdp.edu.ar/id/eprint/3942/
https://nulan.mdp.edu.ar/id/eprint/3942/1/grana-pellegrini-2021.pdf
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