This article aims to contribute to a deeper understanding of the Brazil's economic policy during the military dictatorship, focusing a period which is treated by the literature in a predominantly general way - the Administration Costa e Silva, characterized by the resumption of the accelerated economic growth but also by important swings in the conduct of economic policy. The article seeks to show that the regime's economic policy exhibits a major change, abandoning the principles associated with the Castello Branco Administration; a synthesis of the so-called heterodoxy approach which then emerged is delineated. The main argument, however, is that it is a dubious procedure to see all the subsequent conduct of economic policy as a reflection of that new approach - which effectively prevailed during 1967-1968, but after AI-5 reinforced the authoritarian nature of the regime. A carefully detailed description of the conduct of economic policy during 1969 sheds light on this issue.
Brazil; military dictatorship; economic policy
