The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Portugal, Economics in

  • António Almodovar
  • José Luís Cardoso
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2013

Abstract

The development of economics in Portugal has been marked by intellectual curiosity coupled with pragmatism. Both characteristics are explained by the long-standing feeling that, although Portugal was lagging in terms of social and economic development, the situation could be overcome by means of an appropriate economic policy. This feeling motivated a continuing effort to find answers to economic and financial problems by careful analysis of other countries’ experiences – both the principles discussed by economists and the policies eventually implemented by governments. Portuguese experience thus well illustrates the international diffusion of the ideas associated with different schools of economic thought.

Keywords

Austrian School Corporatism Free trade Harrod–Domar growth model Keynes, J. M. Lausanne School List, F. Manchester School Marginal revolution Mercantilism Neoclassical synthesis Ophelimity Physiocracy Portugal, economics in Protection Quesnay, F. Say, J.-B. Smith, A. Utility 

JEL Classifications

B2 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • António Almodovar
    • 1
  • José Luís Cardoso
    • 1
  1. 1.