Journal articles

The New Authoritarian Turn in Brazil, Geoforum (forthcoming, 2020, with M. Boffo).

Varieties of Neoliberalism in Brazil, Latin American Perspectives 47 (1), pp.9-27, 2020.

The Rise and Rise of Authoritarian Neoliberalism, Alternativy (in Russian, forthcoming, 2020).

The Limits of Pragmatism: The Rise and Fall of the Brazilian Workers’ Party (2002-2016), Latin American Perspectives, 46 (1), 2019, pp.66-84 (with P. Loureiro).

Economic Policies for the Many Not the Few: Assessing the Economic Strategy of the Labour Party, Theory and Struggle 42 (1), 2019 (with B. Fine)

Marx 200: The Abiding Relevance of the Labour Theory of Value, Review of Political Economy, available online first: (with B. Fine).

The Implosion of Brazilian Democracy – And Why It Matters, Critical Sociology 43, 2017, pp.7-8.

Walking the Tightrope: UNCTAD, Development, and Finance-Driven Globalisation, Development & Change, available online first, 2017 (with J. Tomkinson).

Thirteen Things You Need to Know About Neoliberalism, Critical Sociology 43 (4-5), pp.685-706, 2017 (with B. Fine). Translated into Chinese and published in Political Economy Review 8 (5) 2017, pp.200-217.

Neoliberalism since the Crisis, introduction to a special issue of Critical Sociology 43 (4-5), pp.611-614, 2017 (with D. Cahill).

Social Policy beyond Neoliberalism: From Conditional Cash Transfers to Pro-Poor Growth, Journal of Poverty Alleviation and International Development, 7 (1), pp.67-94, 2016; Also published in Studies in Marxist Theory in Higher Education 4 (2), 2018, pp.118-126 (in Mandarin).

State, State Institutions and Political Power in Brazil, Latin American Perspectives, 43 (2), 2016, pp.190-206 (with A. Boito). Translated into Italian and published in: A. Boito (ed.) ‘Reform and Political Crisis in Brazil: Class Conflicts in the PT Governments’, Milan: Edizioni Punto Rosso, 2019.

Rejoinder, Latin American Perspectives, 43 (2), 2016, pp.217-219 (with A. Boito).

Social Policy for Neoliberalism: The Bolsa Família Programme in Brazil, Development and Change, 46 (6), pp.1227-1252, 2015; republished in:

Achievements, Contradictions and Limitations of the PT Governments in Brazil, Crítica Marxista, 42, pp.171-178, 2016. Republished in:

Neoliberalism: A Marxist Analysis, Revista do NIEP, 3 (4), pp.58-73, 2015 (in Portuguese).

Brazil: Development Strategies and Social Change from Import-Substitution to the ‘Events of June’, Studies in Political Economy 94, 2014, pp.3-31.

Brazil: Social Change from Import-Substitution to Neoliberalism and the ‘Events of June’, Nuvole 46, 2015, (in Italian).

Economic Development, Social Change and Political Protests in Brazil, Praksis 34, pp.83-106, 2014 (in Turkish).

Democracy Against Neoliberalism: Paradoxes, Limitations, Transcendence, Critical Sociology, 41 (4-5), 2015, pp.597-618 (with A. Ayers).

The ‘Rise of the South’: Global Convergence at Last?, New Political Economy, 19 (4), 2014, pp.578-600.

Mass Protests under ‘Left Neoliberalism’: Brazil, June-July 2013, Critical Sociology 39 (5), 2013, pp.657-669. Republished in

Curses, Diseases, and Other Resource Confusions, Third World Quarterly 34 (1), 2013, pp.1-21 (with J. Weeks).

Neo-Developmentalism and the Challenges of Economic Policy-Making under Dilma Rousseff, Critical Sociology 38 (6), 2012, pp.789-798 (with L. Morais).

On the Crisis of Neoliberal Capitalism: A Discussion with D. Kotz, A. Saad Filho, A. M. Flores, D. Plihon and A. Lechevalier’, Actuel Marx 51, 2012, pp.12-26 (in French).

Growth, Poverty and Inequality: Policies and Debates from the (Post-)Washington Consensus to Inclusive Growth, Indian Journal of Human Development, 5 (2), 2011, pp.321-344.

From Political Economy to Economic Policy: Neo-Developmentalism and the Lula Administration, Brazilian Journal of Political Economy 31 (4), October 2011, pp.507-527 (in Portuguese) (with L. Morais).

Brazil beyond Lula: Forging Ahead or Pausing for Breath?, Latin American Perspectives, 38 (2), 2011, pp.31-44 (with L. Morais).

Crisis in Neoliberalism or Crisis of Neoliberalism?, Crítica e Sociedade 1 (3), 2011, pp.6-19 (in Portuguese),

Neoliberalism, Development and Economic Policy in Brazil, Development and Society, 39 (1), 2010, pp.1-28.

Marxian Political Economy Today, Crítica Marxista 30, 2010, pp.11-20 (in Portuguese).

Neoliberalism in Crisis: A Marxist Analysis, Marxism 21, 7 (1), Spring 2010, pp.235-257. Also published in Turkish in Praksis 48, November 2010.

Neoliberalism and the Financial Crisis, Versus 1 (2), 2009, pp.36-43 (in Portuguese).

Twixt Ricardo and Rubin: Debating Kincaid Once More, Historical Materialism 17, pp. 192-207, 2009 (with B. Fine).

Production vs Realisation in Marx’s Theory of Value: A Reply to Kincaid, Historical Materialism 16, pp.191-204, 2008, ISBN 90-04-12502-7 (with B. Fine).

There is Life beyond the Washington Consensus: An Introduction to Pro-Poor Macroeconomic Policies, Review of Political Economy 19 (4), pp.513-537, 2007, ISSN 0953-8259.

Neoliberal Economic Policies in Brazil (1994-2005): Cardoso, Lula, and the Need for a Democratic Alternative, New Political Economy 11 (1) March 2006, pp. 99-123, ISSN 1356-3467 (with M. Mollo).

Lula and the Continuity of Neoliberalism in Brazil: Strategic Choice, Economic Imperative or Political Schizophrenia?, Historical Materialism 13 (1), 2005, pp.3-32, ISBN 90-04-12502-7 (with L. Morais).

Neoliberalism in Brazil and the Lula Administration, Realidad Económica 214, 2005, pp.8-26, ISSN 0325-1926 (in Spanish).

The Brazilian Transition to Neoliberalism, Birikim 203, 2006, pp.58-65, ISSN 1300-8358 (in Turkish).

The Dream Broken into Pieces: Lula, Neoliberalism, and the Twilight of the Brazilian Workers’ Party, The Radical Review 24, 2005, pp.266-295, ISSN 1228-7024 (in Korean, with L. Morais).

Impact of Non-Fiscal Variables on the of the Public Sector Borrowing Requirements: The Case of Brazil, Ensaios FEE 26 (1), 2005, pp.415-440, ISSN 0101-1723 (in Portuguese, with L. Morais).

Transforming the Transformation Problem: Why the ‘New Interpretation’ is a Wrong Turning, Review of Radical Political Economics 36 (1) January 2004, pp.3-19, ISSN 0486-6134 (with B. Fine and C. Lapavitsas).

The Political Economy of the Neoliberal Transition in Latin America, Review of Political Economy (Beijing) 3, 2004, pp.38-54, ISBN 7-300-06149-4 (in Chinese).

Towards a Pro-Poor Development Strategy for Middle-Income Countries, Brazilian Journal of Political Economy 24 (1) 2004, pp.130-135, ISSN 0101-3157.

The Resistible Rise of Lula da Silva, Contraddizione 104, September-October 2004, pp.59-65 (in Italian).

Economics in the Early Twenty-First Century: From Washington to Post-Washington Consensus, Contraddizione 103, July-August 2004, pp.47-55 (in Italian).

Snatching Defeat from the Jaws of Victory? Lula, the Workers’ Party and the Prospects for Change in Brazil, Capital & Class 81, Autumn 2003, pp.17-23, ISSN 0309-8168 (with L. Morais).

New Dawn or False Start in Brazil? The Political Economy of Lula’s Election, Historical Materialism 11 (1), January 2003, pp.3-21, ISBN 90-04-12502-7.

Understanding the Past to Make the Future – An Introduction, Historical Materialism 11 (3), 2003, pp.3-4, ISBN 90-04-12502-7.

A Transition Strategy towards a New Economic Policy, Análise Econômica 21 (40), 2003, pp.339-347, ISSN 0102-9924 (in Portuguese, with L. Morais).

Marxist Value Theory: An Introduction, Análise Econômica, 21 (40), 2003, pp.159-177, ISSN 0102-9924 (in Portuguese).

Inflation and Stabilisation in Brazil: a Political Economy Analysis, Review of Radical Political Economics, 34 (2), 2002, pp.109-135, ISSN 0486-6134 (with M. Mollo).

Tropical Neomonetarism: the Brazilian Economy in the Nineties, Revista de Economia Política-Brazilian Journal of Political Economy 85, pp.3-22, January-March 2002, ISSN 0101-3157 (in Portuguese, with L. Morais).

Wages and Exploitation in Marxian Value Theory, Economia e Sociedade 16, pp.27-42, June 2002, ISSN 0104-0618 (in Portuguese).

Capitalism and Anti-Capitalism: Challenges and Opportunities after September 11, Revista da Sociedade Brasileira de Economia Política, 11, December 2002, pp.103-124, ISSN 1415-1979.

Capital Accumulation and the Composition of Capital, Research in Political Economy 19, 2001, pp.69-85, ISBN 0-7623-0838-9.

Values and Production Prices: Re-reading Marx, Análise Econômica 19 (36), September 2001, pp.5-24, ISSN 0102-9924 (in Portuguese).

Monetary Policy and Inflation in Brazil, 1972-1998, Revista de Economia Política-Brazilian Journal of Political Economy, 82, April-June 2001, pp.24-42, ISSN 0101-3157 (in Portuguese, with M. Mollo).

Interpretations of Marxian Value Theory: a Review of the Literature, Estudos Econômicos, 31 (3), July-September 2001, pp.1-33, ISSN 0101-4161 (in Portuguese).

Inflation Theory: a Review of the Literature and a New Research Agenda, Research in Political Economy 18, 2000, pp.335-362, ISBN 0-7623-0696-3.

The Supply of Credit Money and Capital Accumulation: A Critical View of Post Keynesian Analysis, Research in Political Economy 18, 2000, pp.309-334, ISBN 0-7623-0696-3 (with C. Lapavitsas).

The Costs of Neomonetarism: The Brazilian Economy in the 1990s. International Papers in Political Economy 7 (3), 2000, pp.1-39, ISSN 1353-1158 (with L. Morais).

‘Vertical’ versus ‘Horizontal’ Economics: Systems of Provision, Consumption Norms and Labour Market Structures, Capital & Class 72, Autumn 2000, pp.209-214, ISSN 0309-8168.

The Political Economy of High Inflation and Stabilisation in Brazil. Nueva Economía (Venezuela), April 2000, pp.227-264, ISSN 0798-5096 (in Spanish, with M. Mollo).

Financial Liberalisation, Currency Instability and Crisis in Brazil: Another Plan Bites the Dust, Capital & Class 68, Summer 1999, pp.9-14, ISSN 0309-8168 (with W. Coelho and L. Morais).

The Horizontalist Theory of Money and Credit: a Critical Analysis. Estudos Econômicos 29 (1) 1999, pp.23-46, ISSN 0101-4161 (in Portuguese, with C. Lapavitsas).

Non-Mainstream Interpretations of Inflation: a Critical Survey, Revista da Sociedade Brasileira de Economia Política 5, December 1999, pp.61-85, ISSN 1415-1979.

Globalisation, Financial Liberalisation and Industrial Policy, Cadernos PUC 8, 1999, ISSN 0102-2040 (with B. Fine).

Redefining the Role of the Bourgeoisie in Dependent Capitalist Development: Privatization and Liberalization in Brazil – a Critical Note. Latin American Perspectives 98, 25 (1), January 1998, pp.194-199, ISSN 0094-582X.

Brazilian Economic Policy: From Heterodoxy to Neo-Monetarism. Indicadores Econômicos 26 (3) 1998, pp.87-103, ISSN 0103-3905 (in Portuguese, with E. Maldonado).

The ‘New Dialectics’, the Method of ‘Capital’, and the Starting-Point of the Labour Theory of Value, Outopia 28, January-February 1998, pp.189-204, ISSN 1105-9141 (in Greek).

Land of Lost Opportunities: Transition and Crisis in Mozambican Agriculture. Africa 20-21, 1997-1998, pp.43-69, ISSN 0100-8153.

Concrete and Abstract Labour in Marx’s Theory of Value, Review of Political Economy 9 (4) 1997, pp.457-477, ISSN 0953-8259.

An Alternative Reading of the Transformation of Values into Prices of Production, Capital & Class 63, Autumn 1997, pp.115-136, ISSN 0309-8168.

Re-reading both Hegel and Marx: The ‘New Dialectics’ and the Method of ‘Capital’, Revista de Economia Política-Brazilian Journal of Political Economy 17 (1), January-March 1997, pp.107-120.

The Political Economy of Agrarian Transition in Mozambique, Journal of Contemporary African Studies 15 (2), July 1997, pp.191-218, ISSN 0258-9001.

Lavoro, Denaro e Denaro-Lavoro, Studi di Teoria e Analisi Economica 12, May 1995, pp.27-54 (in Italian).

The Process of Value Determination in the Labour Theory of Value, Senshu University Economic Bulletin 29 (2), November 1994, pp.307-343 (in Japanese).

Money, Labour and ‘Labour-Money’: A Review of Marx’s Critique of John Gray’s Monetary Analysis, History of Political Economy 25 (1), 1993, pp.65-84, ISSN 0018-2702.

A Note on Marx’s Analysis of the Composition of Capital, Capital & Class 50, Summer 1993, pp.127-146, ISSN 0309-8168.

Public Debt and Economic Crisis in Brazil. Economia, 6, 1989, pp. 14-19.

Free Trade Zones: Are They Good for Brazil? Humanidades 5 (19) 1988, pp.52-57.