The founding narratives of the myth of economic development and the Brazilian neo-developmentalism

Abstract This article aims to interpret the most well-known theories of economic development based on the assumption that these theories are contemporary mythological tales and, consequently, the Brazilian 2000’s neo-developmentalism agenda as an inexact unique blend of them all. The study uses Roland Barthes’ semiotic interpretation on the social structure and roles of myths to argue that theories of development are rather a compound of ideologies than a scientific field of inquiry. In addition, the article draws a parallel between Joseph Campbell’s hero’s journey and the five widely known narratives of development: Protectionist, Keynesian, Institutional, Entrepreneurial and Neoclassical.