Abstract:This article scrutinizes the evolution of Brazilian thought on electricity policy from 1945 to 1964, focusing on the topics of planning of electricity supply expansion, the FDI vs. state ownership conundrum, and the relationship between electricity supply growth and inflation. The economic debate comprised two main concurring camps during this period, one monetarist/orthodox and another developmentalist/structuralist. This bipartisan division was also present in the electricity policy debate. It is argued that… Show more
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