Resolving the problem of inequity in the distribution of wealth in Brazil: Approaches derived from the Infante Dom Pedro of Portugal, Adam Smith, Karl Marx, and Louis Kelso

Abstract

Income and wealth in Brazil is distributed as unequally and unjustly as in any other nation or region of the world. This chapter examines how wealth and income has been, is, or might be made available to the population. Using the conceptual framework of the substantive economics developed by Karl Polanyi, Conrad Arensberg, and their colleagues, the distribution of goods and services is analyzed as a socially “instituted process,” separate from production and other factors generally included in studies of economics. Four approaches are presented as they were elaborated in the thinking of authors who wrote at different times in history: The Infante Dom Pedro of Portugal in the early 15th century, Adam Smith in the late 18th century, Karl Marx in the 19th century, and Louis Kelso in the mid-20th century. Each approach, three of which have been, and one which might be instituted, is explored in terms of its potential for reducing poverty and correcting distributive injustice.

Citation

Greenfield, S.M. (2010), "Resolving the problem of inequity in the distribution of wealth in Brazil: Approaches derived from the Infante Dom Pedro of Portugal, Adam Smith, Karl Marx, and Louis Kelso", Wood, D.C. (Ed.) Economic Action in Theory and Practice: Anthropological Investigations (Research in Economic Anthropology, Vol. 30), Emerald Group Publishing Limited, Leeds, pp. 47-76. https://doi.org/10.1108/S0190-1281(2010)0000030006