The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Portugal, Economics in

  • António Almodovar
  • José Luís Cardoso
Reference work entry


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.


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

This is a preview of subscription content, log in to check access.


  1. Abreu, L.S. 1949. Algumas notas sobre a economia de Keynes [A few notes on the economics of Keynes]. Revista de Economia 1(3): 15–25.Google Scholar
  2. Almodovar, A., and J.L. Cardoso. 1998. A history of Portuguese economic thought. London/New York: Routledge.CrossRefGoogle Scholar
  3. Almodovar, A., and J.L. Cardoso. 2001. From learned societies to professional associations: The establishment of the economist profession in Portugal. In The spread of political economy and the professionalisation of economists, ed. M. Augello and M. Guido. London/New York: Routledge.Google Scholar
  4. Almodovar, A. and J.L. Cardoso. 2005. Corporatism and the economic role of government. In The role of government in the history of economic thought, ed. S. Medema and P. Boettke. Annual Supplement to History of political economy, vol. 37. Durham/London: Duke University Press.Google Scholar
  5. Barbosa, A.M.P. 1950. Economia. Lisboa: ISCEF.Google Scholar
  6. Brito, J.J.R. 1803–1805. In Memórias Políticas sobre as Verdadeiras Bases da Grandeza das Nações e Principalmente de Portugal [Political Memoirs on the True Basis of the Greatness of Nations, Especially of Portugal], ed. J.E. Pereira. Lisboa: Banco de Portugal, 1992.Google Scholar
  7. Cardoso, J.L., ed. 1990–91. Memórias Económicas da Real Academia das Ciências de Lisboa, para o Adiantamento da Agricultura, das Artes, e da Indústria em Portugal, e suas Conquistas, 1789–1815 [Economic Transactions of the Lisbon Academy of Sciences for the Advancement of Agriculture, Industry and Commerce in Portugal and its Domains], 5 vols. Lisboa: Banco de Portugal.Google Scholar
  8. Lisboa, J.S. 1804. Princípios de Economia Política. In Escritos Económicos Escolhidos (1804–1820) [Selected Economic Writings], vol. 1, ed. A. Almodovar. Lisboa: Banco de Portugal, 1993.Google Scholar
  9. Loureiro, F.P. 1948. Sobre a Introdução ao Estudo da Nova Economia Keynesiana [Introduction to the Study of the New Keynesian Economics]. Coimbra: Coimbra Editora.Google Scholar
  10. Macedo, D.R. 1675. Discurso sobre a Introdução das Artes no Reino [Discourse on the Introduction of Manufactures in the Kingdom]. In Antologia dos Economistas Portugueses – Século XVII [Anthology of Portuguese Economists – 17th Century], ed. A. Sérgio. Lisboa: Biblioteca Nacional, 1924.Google Scholar
  11. Moura, F.P. 1964. Lições de Economia [Lectures in Economics]. Lisboa: Clássica Editora.Google Scholar
  12. Neves, J.A. 1814–1817. Variedades sobre Objectos Relativos às Artes, Comércio e Manufacturas, Consideradas Segundo os Princípios da Economia Política [Varieties on Subjects Concerning Industry and Commerce, Considered Under the Principles of Political Economy], ed. A. Almodovar and A. Castro. Porto: Afrontamento, 1994.Google Scholar
  13. Nunes, M.J. 1956. Rendimento Nacional e Equilíbrio Orçamental [National Income and Budgetary Equilibrium]. Lisboa: Editorial Império.Google Scholar
  14. Osório, A.H. 1911. A Matemática na Economia Pura: a Troca [Mathematics in Pure Economics: Exchange], ed. M. Farto. Lisboa: Banco Portugal, 1996.Google Scholar
  15. Sampaio, A.F. 1841. Elementos de Economia Política e Estadística [Elements of Political Economy and Statistics]. In Estudos e Elementos de Economia Política (1839–1874) [Studies and Elements of Political Economy], vol. 2, ed. A. Pedrosa. Lisboa: Banco de Portugal, 1995.Google Scholar
  16. Sousa, J.M. 1910. Ciência Económica [Economics], ed. M. de Fátima Brandão. Lisboa: Banco de Portugal, 1997.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

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