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Celso FURTADO, economist in the field of Economic History; Latin American and Carribean; Economic Development Methods and Theories; Economic Development of Less Developed Countries. President, Economics Club, Rio de Janeiro, 1953-1956.


FURTADO, Celso was born in 1920 in Pombal, Paraiba, Brazil.


Bachelor of Arts University Brazil, 1944. Dr University Paris, 1948.


Head Development Division, United Nations Economic Commission for Latin America, 1950-1957. Director, Brazilian National Development Bank, 1958-1959. Head, Agency Development Northeast Brazil, 1958-1959.

Minister of Plan, Brazilian Government, 1963-1964. Research Fellow, Yale University, 1964-1965. Professor Economics Development, University Paris,


Visiting Professor, Universities American, 1972, Cambridge, 1973-1974, Sao Paulo, 1975, Columbia, 1977. Director Research, Ecole de Hautes Etudes en Sciences Sociales, University Paris, France, since 1979. Member, United Nations Research Council, 1975-1979.

Editorial Boards, Ekonomica Brasileira, 1954-1963, El Trimestre Económico, since 1965, Desarrollo Económico, 1966-1970, Revista de Economía Política, 1981, Bensamiento Iberoamericano, 1982.


  • President, Economics Club, Rio de Janeiro, 1953-1956.



Early work was concentrated on the history of Brazilian economic development with a methodological innovation consisting of the introduction of macroeconomic models into the analysis of each historical phase from the 16th century. In my Development and Underdevelopment, underdevelopment was regarded, not as a stage on the road to development, but as a permanent structural feature. As far as the patterns of consumption of the advanced countries are imitated in countries of much lower levels of productivity, such countries tend to remain ‘underdeveloped’, namely socially more heterogeneous.

More recently, in my Accumulation and Development, an interdisciplinary approach was introduced to the study of development, linking the theory of accumulation with the theory of social stratification and the theory of power. Recent work has also concentrated on the social distortions produced by the rapid economic growth of the Brazilian economy in the 1970s.