IDEAS home Printed from https://ideas.repec.org/a/psl/moneta/202034.html
   My bibliography  Save this article

Modigliani tra economia keynesiana ed economia socialista (Modigliani between Keynesian and socialist economics)

Author

Listed:
  • Antonella Rancan

    (Universitˆ del Molise)

Abstract

Subito dopo la pubblicazione dellÕarticolo su Econometrica del 1944, annoverato tra i pi importanti contributi alla sintesi neoclassica, Franco Modigliani torna a riflettere, come giˆ negli anni Trenta in Italia, sul superamento dellÕeconomia capitalistica a seguito del prevalere di forme di monopolio in cui interesse individuale e collettivo entrano in contrapposizione. In un lungo saggio pubblicato nel 1947 sul Giornale degli economisti Modigliani esamina i vantaggi di una transizione, ritenuta necessaria e urgente, verso unÕeconomia socialista. Egli individua le regole di condotta, di matrice marginalista, per una efficiente ed equa allocazione delle risorse e i discute dei vantaggi da un punto di vista macroeconomico sulla base di argomentazioni keynesiane. Soon after the 1944 Econometrica article, among the most relevant contributions to the neoclassical synthesis, Franco Modigliani returns to reasoning about the future of the capitalistic system, as he did in Italy in the 1930s, about the widespread of monopolies over competitive markets and the relationships between individual and collective interests. In a long essay published in 1947 in the Giornale degli Economisti, Modigliani analyzes the advantages of a rapid and urgent transition towards a socialist economy. He clearly identify and discusses the behavioral rules to be followed for an efficient resources allocation, all derived from the marginalist analysis and, from a macroeconomic perspective, on the basis of Keynesian arguments.

Suggested Citation

  • Antonella Rancan, 2020. "Modigliani tra economia keynesiana ed economia socialista (Modigliani between Keynesian and socialist economics)," Moneta e Credito, Economia civile, vol. 73(291), pages 261-276.
  • Handle: RePEc:psl:moneta:2020:34
    as

    Download full text from publisher

    File URL: https://ojs.uniroma1.it/index.php/monetaecredito/article/view/17171/16388
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Oskar Lange, 1937. "On the Economic Theory of Socialism: Part Two," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 4(2), pages 123-142.
    2. Winton U. Solberg & Robert W. Tomilson, 1997. "Academic McCarthyism and Keynesian Economics: The Bowen Controversy at the University of Illinois," History of Political Economy, Duke University Press, vol. 29(1), pages 55-81, Spring.
    3. Oskar Lange, 1936. "On the Economic Theory of Socialism," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 4(1), pages 53-71.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jael, Paul, 2015. "Socialist Calculation and Market Socialism," MPRA Paper 64255, University Library of Munich, Germany.
    2. He, Yong, 2018. "Can the visible and invisible hands coexist in land pricing?," MPRA Paper 88770, University Library of Munich, Germany.
    3. Àlex Arenas & Antonio Cabrales & Leon Danon & Albert Díaz-Guilera & Roger Guimerà & Fernando Vega-Redondo, 2010. "Optimal information transmission in organizations: search and congestion," Review of Economic Design, Springer;Society for Economic Design, vol. 14(1), pages 75-93, March.
    4. Massimo Cingolani, 2015. "Sylos Labini su Marx: implicazioni per la politica economica (Sylos Labini on Marx: economic policy implications)," Moneta e Credito, Economia civile, vol. 68(269), pages 81-147.
    5. Baki Guney Isikara, 2018. "The Weight of Essentials in Economic Activity," Working Papers 1814, New School for Social Research, Department of Economics.
    6. Schilirò, Daniele & Young, Warren, 2021. "The Econometric Society European meetings 1931-1939: Influences on economics," MPRA Paper 109270, University Library of Munich, Germany.
    7. Baki Güney Işıkara, 2021. "The Weight of Essentials in Economic Activity," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(1), pages 95-115, March.
    8. Jonathan F. Cogliano & Roberto Veneziani & Naoki Yoshihara, 2022. "Computational methods and classical‐Marxian economics," Journal of Economic Surveys, Wiley Blackwell, vol. 36(2), pages 310-349, April.
    9. Luis Garicano & Luis Rayo, 2016. "Why Organizations Fail: Models and Cases," Journal of Economic Literature, American Economic Association, vol. 54(1), pages 137-192, March.
    10. Jean-Sébastien Lenfant & Jérôme Lallement, 2004. "L'équilibre général comme savoir : de Walras à nos jours," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01765036, HAL.
    11. Dalibor Roháč, 2013. "What Are the Lessons from Post-Communist Transitions?," Economic Affairs, Wiley Blackwell, vol. 33(1), pages 65-77, February.
    12. Hubert Gabrisch, 2020. "Elements, origins and future of Great Transformations: Eastern Europe and global capitalism," The Economic and Labour Relations Review, , vol. 31(2), pages 172-190, June.
    13. Abigail N. Devereaux, 2019. "The nudge wars: A modern socialist calculation debate," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(2), pages 139-158, June.
    14. Spash, Clive L., 2019. "SEE Beyond Substantive Economics: Avoiding False Dichotomies," Ecological Economics, Elsevier, vol. 165(C), pages 1-1.
    15. Walter Block & Ivan Jankovic, 2016. "Tragedy of the Partnership: A Critique of Elinor Ostrom," American Journal of Economics and Sociology, Wiley Blackwell, vol. 75(2), pages 289-318, March.
    16. Spash, Clive L., 2019. "Substantive Economics and Avoiding False Dichotomies in Advancing Social Ecological Economics," SRE-Discussion Papers 2019/05, WU Vienna University of Economics and Business.
    17. Duranton, Gilles & Haniotis, Toni, 2004. "A comparison between economic systems with an application to transition," Journal of Public Economics, Elsevier, vol. 88(9-10), pages 2125-2157, August.
    18. Mario A. González-Corzo, 2018. "Principal Elements of Agricultural Reforms in Transition Economies: Implications For Cuba?," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 28.
    19. Xu, Cheng-Gang, 2017. "Capitalism and Socialism: Review of Kornai’s Dynamism, Rivalry, and the Surplus Economy," CEPR Discussion Papers 11866, C.E.P.R. Discussion Papers.
    20. Ganev, Georgy, 2017. "Chapter 13. Economics," MPRA Paper 103426, University Library of Munich, Germany.

    More about this item

    Keywords

    Modigliani; socialist economy; collectivism;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:psl:moneta:2020:34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlo D'Ippoliti (email available below). General contact details of provider: http://www.economiacivile.it .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.