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Pierangelo Garegnani, come lo intesi alla fine degli anni Ottanta (Pierangelo Garegnani, as perceived in the late 1980s)

Author

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  • Marc Lavoie

    (University of Ottawa e Universite' Sorbonne Paris Nord)

Abstract

L'articolo esamina e discute nove dei principali contributi dati da Garegnani alla teoria economica: il suo ruolo nelle controversie di Cambridge sul capitale; le conseguenze delle controversie per la teoria del valore e per la domanda di lavoro; la distinzione metodologica tra breve e lungo periodo; la questione della gravitazione verso i prezzi naturali e il 'core' dell'analisi economica; la non validita' della teoria dell'equilibrio economico generale (neanche) nel breve periodo; Keynes e la Teoria Generale; la determinazione del tasso di profitto normale a partire dal tasso di interesse monetario invece che attraverso la cosiddetta Equazione di Cambridge; una valutazione empirica delle controversie di Cambridge sul capitale e, per finire, la visione di Garegnani sulla teoria dell'investimento aggregato. This article reviews and discusses nine of the contributions given by Pierangelo Garegnani to economic theory: his role in the Cambridge capital controversies; the consequences of the controversies for the theory of value and the theory of labour demand; the methodological distinction between the short period and the long period; the issue of gravitation towards natural prices and the core of economic analysis; the non-validity of general equilibrium theory in the short period; Keynes and the General Theory; the determination of the normal profit rate via the money rate of interest rather than through the Cambridge equation; an empirical assessment of the Cambridge capital controversies and Garegnani's views on investment theory.

Suggested Citation

  • Marc Lavoie, 2022. "Pierangelo Garegnani, come lo intesi alla fine degli anni Ottanta (Pierangelo Garegnani, as perceived in the late 1980s)," Moneta e Credito, Economia civile, vol. 75(299), pages 233-249.
  • Handle: RePEc:psl:moneta:2022:32
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    References listed on IDEAS

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    More about this item

    Keywords

    Garegnani; capital controversies; long run; short run; Keynes;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian

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