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Revista de Economia Contemporânea

Print version ISSN 1415-9848On-line version ISSN 1980-5527

Abstract

BARONE, Ricardo Strazzacappa; BASTOS, Pedro Paulo Zahluth  and  MATTOS, Fernando Augusto Mansor de. HUMAN CAPITAL OR WILD CAPITALISM? AN APPRAISAL OF THE CONTROVERSIAL DISTRIBUTION OF INCOME DURING THE BRAZILIAN "MIRACLE". Rev. econ. contemp. [online]. 2017, vol.21, n.3, e172132.  Epub Apr 05, 2018. ISSN 1980-5527.  http://dx.doi.org/10.1590/198055272132.

This article aims at providing an overview of the Brazilian income distribution controversyduring the 1960´s.To that end, we present the key arguments of theso-called “official” interpretation, based mostly on Langoni's (1973) study, as well as the main criticisms it received.The “official” interpretation states that the increase in the inequality of income distribution between 1960 and 1970 is a natural and transitory consequence of the disequilibrium between thesupply and demand of qualified labor,within the context of a high economic growth. However, from our part and in line with the main criticisms it received, we suggest that the "official" interpretation offers arguments which actually hinder the importance of crucial elements, both theoretical and empirical, linked tothe organizational hierarchy of businesses, to the economic policy adopted by the military government and to the pattern of capitalist development in Brazil.

Keywords : Brazilian “miracle”; income inequality; wage differentials.

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