Say's Law and ECLAC Thinking: From the Dining Room to the Junk Room

Authors

  • Filipe de Castro Vieira UFRJ

DOI:

https://doi.org/10.14393/REE-v40n1a2025-71215

Keywords:

ECLAC Thinking, Say’s Law, Development Theory

Abstract

ECLAC thinking has evolved through several stages influenced both by geopolitical dynamics and by developments in economic theory. Throughout much of its history, it has relied—directly or indirectly—on a theoretical foundation aligned with Say’s Law. Coincidentally or not, a shift in this framework took place after the 2008 crisis. Say’s Law and Ricardian thought lost prominence, making way to theories of Effective Demand. This article aims to trace the trajectory of ECLAC thinking, highlighting the replacement of Say’s Law by Effective Demand theories.

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Published

2025-07-17

Issue

Vol. 40 No. 1 (2025)

Section

Artigos

License

Copyright on any open access article published by “Revista Economia Ensaios” is retained by the author(s). Authors grant “Revista Economia Ensaios” the right to first publish the article, and also grant any third party the right to use the article freely, in educational and non-commercial applications, so long as its integrity is kept and authors and citation details are identified.

How to Cite

VIEIRA, Filipe de Castro. Say’s Law and ECLAC Thinking: From the Dining Room to the Junk Room. Revista Economia Ensaios, Uberlândia, Minas Gerais, Brasil, v. 40, n. 1, 2025. DOI: 10.14393/REE-v40n1a2025-71215. Disponível em: https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/71215. Acesso em: 7 dec. 2025.