IDEAS home Printed from https://ideas.repec.org/a/psl/moneta/202235.html
   My bibliography  Save this article

L'approccio classico-keynesiano e la teoria del ruolo sociale del consumo (The classical-Keynesian approach and the Theory of the Social Role of Consumption)

Author

Listed:
  • Claudio Cantaro

    (Dipartimento di Economia, Universita' degli Studi Roma Tre)

Abstract

L'obiettivo di questo lavoro e' di svolgere una sintesi della letteratura riguardo al ruolo della spesa aggregata per consumi nel lungo periodo, all'interno di un approccio teorico che ha le sue radici nell'economia politica classica e nella teoria keynesiana. In parallelo il lavoro discute, alla luce della storia del pensiero economico, la teoria del ruolo sociale del consumo come spiegazione del livello e della composizione della spesa per consumi. The aim of this paper is to carry out a review of the literature regarding the role of aggregate consumption expenditure in the long run, within a theoretical approach that has its roots in classical political economy and Keynesian theory. In addition, the paper discusses, in the light of the history of economic thought, the theory of the social role of consumption as an explanation of the level and composition of consumption expenditure.

Suggested Citation

  • Claudio Cantaro, 2022. "L'approccio classico-keynesiano e la teoria del ruolo sociale del consumo (The classical-Keynesian approach and the Theory of the Social Role of Consumption)," Moneta e Credito, Economia civile, vol. 75(299), pages 285-306.
  • Handle: RePEc:psl:moneta:2022:35
    as

    Download full text from publisher

    File URL: https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/17866/16905
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nicholas Kaldor, 1955. "Alternative Theories of Distribution," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 23(2), pages 83-100.
    2. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6, National Bureau of Economic Research, Inc.
    3. Barry Z. Cynamon & Steven M. Fazzari, 2016. "Inequality, the Great Recession and slow recovery," Cambridge Journal of Economics, Oxford University Press, vol. 40(2), pages 373-399.
    4. Joan Robinson, 1962. "Essays in the Theory of Economic Growth," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-00626-7.
    5. José M. Edwards, 2014. "Consumer power and market control: Exploring consumer behaviour in affluent contexts (1946-1980)," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(4), pages 699-723, August.
    6. Attilio Trezzini & Antonella Palumbo, 2016. "The theory of output in the modern classical approach: main principles and controversial issues," Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(4), pages 503-522, October.
    7. Bianchi, Marina, 2002. "Novelty, preferences, and fashion: when goods are unsettling," Journal of Economic Behavior & Organization, Elsevier, vol. 47(1), pages 1-18, January.
    8. Engelbert Stockhammer, 2015. "Rising inequality as a cause of the present crisis," Cambridge Journal of Economics, Oxford University Press, vol. 39(3), pages 935-958.
    9. Glyn, The Late Andrew, 2007. "Capitalism Unleashed: Finance, Globalization, and Welfare," OUP Catalogue, Oxford University Press, number 9780199226795, Decembrie.
    10. Marina Bianchi & Eleonora Sanfilippo, 2015. "Social Interdependencies in Consumption: An Early Economic Debate on Social Distinction, Emulation, and Fashion," History of Political Economy, Duke University Press, vol. 47(4), pages 547-575, December.
    11. Attilio Trezzini, 2011. "The Irreversibility of Consumption as a Source of Endogenous Demand-driven Economic Growth," Review of Political Economy, Taylor & Francis Journals, vol. 23(4), pages 537-556, October.
    12. Trezzini, Attilio, 2012. "Relative Income Vs. Permanent Income: The Crisis Of The Theory Of The Social Significance Of Consumption," Journal of the History of Economic Thought, Cambridge University Press, vol. 34(3), pages 355-377, September.
    13. Pierangelo Garegnani & Attilio Trezzini, 2010. "Cycles and Growth: A Source of Demand-Driven Endogenous Growth," Review of Political Economy, Taylor & Francis Journals, vol. 22(1), pages 119-125.
    14. Sergio Cesaratto, 2015. "Neo-Kaleckian and Sraffian Controversies on the Theory of Accumulation," Review of Political Economy, Taylor & Francis Journals, vol. 27(2), pages 154-182, April.
    15. Roger Mason, 2000. "The Social Significance of Consumption: James Duesenberry’s Contribution to Consumer Theory," Journal of Economic Issues, Taylor & Francis Journals, vol. 34(3), pages 553-572, September.
    16. Jakob Kapeller & Bernhard Schütz, 2015. "Conspicuous Consumption, Inequality and Debt: The Nature of Consumption-driven Profit-led Regimes," Metroeconomica, Wiley Blackwell, vol. 66(1), pages 51-70, February.
    17. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, March.
    18. Antonella Palumbo & Attilio Trezzini, 2003. "Growth without normal capacity utilization," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 10(1), pages 109-135.
    19. Trezzini, Attilio, 1995. "Capacity Utilisation in the Long Run and the Autonomous Components of Aggregate Demand," Contributions to Political Economy, Oxford University Press, vol. 14(0), pages 33-66.
    20. Di Bucchianico, Stefano, 2021. "Inequality, household debt, ageing and bubbles: A model of demand-side Secular Stagnation," IPE Working Papers 160/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    21. Attilio Trezzini, 2016. "Early contributions to the economics of consumption as a social phenomenon," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 23(2), pages 272-296, April.
    22. Fabio Freitas & Franklin Serrano, 2015. "Growth Rate and Level Effects, the Stability of the Adjustment of Capacity to Demand and the Sraffian Supermultiplier," Review of Political Economy, Taylor & Francis Journals, vol. 27(3), pages 258-281, July.
    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. Trezzini, Attilio, 2017. "Harrodian Instability: a Misleading Concept," Centro Sraffa Working Papers CSWP24, Centro di Ricerche e Documentazione "Piero Sraffa".
    2. Michaelis Nikiforos, 2018. "Distribution-led growth through methodological lenses," FMM Working Paper 24-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    3. Gahn, Santiago José, 2021. "On the adjustment of capacity utilisation to aggregate demand: Revisiting an old Sraffian critique to the Neo-Kaleckian model," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 325-360.
    4. Michalis Nikiforos, 2018. "Some Comments on the Sraffian Supermultiplier Approach to Growth and Distribution," Economics Working Paper Archive wp_907, Levy Economics Institute.
    5. Lorenzo Di Domenico, 2021. "Multiplicity and not necessarily heterogeneity: implications for the long-run degree of capacity utilization," Working Papers PKWP2116, Post Keynesian Economics Society (PKES).
    6. Di Bucchianico, Stefano, 2021. "Inequality, household debt, ageing and bubbles: A model of demand-side Secular Stagnation," IPE Working Papers 160/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    7. Marc Lavoie, 2016. "Convergence Towards the Normal Rate of Capacity Utilization in Neo-Kaleckian Models: The Role of Non-Capacity Creating Autonomous Expenditures," Metroeconomica, Wiley Blackwell, vol. 67(1), pages 172-201, February.
    8. Attilio Trezzini, 2017. "The Social Significance of Consumption and the Elasticity of Output to Demand in the Long Run: A Reply to Gualerzi," Review of Political Economy, Taylor & Francis Journals, vol. 29(1), pages 157-161, January.
    9. Franklin Serrano & Fabio Freitas, 2016. "The Sraffian Supermultiplier As An Alternative Closure To Heterodox Growth Theory," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 107, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    10. Daria Pignalosa, 2021. "The Euler Equation Approach: Critical Implications of Recent Developments in the Theory of Intertemporal Choice," Bulletin of Political Economy, Bulletin of Political Economy, vol. 15(1), pages 1-43, June.
    11. Ricardo Barradas & Ines Tomas, 2023. "Household indebtedness in the European Union countries: Going beyond the mainstream interpretation," PSL Quarterly Review, Economia civile, vol. 76(304), pages 21-49.
    12. Christian A Belabed & Thomas Theobald & Till van Treeck, 2018. "Income distribution and current account imbalances [Notes on capacity utilisation, distribution and accumulation]," Cambridge Journal of Economics, Oxford University Press, vol. 42(1), pages 47-94.
    13. Michalis Nikiforos & Marcio Santetti & Rudiger von Arnim, 2021. "The Sraffian Supermultiplier and Cycles: Theory and Empirics," Economics Working Paper Archive wp_993, Levy Economics Institute.
    14. Schulz, Jan & Mayerhoffer, Daniel M., 2021. "A network approach to consumption," BERG Working Paper Series 173, Bamberg University, Bamberg Economic Research Group.
    15. Eckhard Hein & Valeria Jimenez, 2022. "The macroeconomic implications of zero growth: a post-Keynesian approach," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 19(1), pages 41-60, April.
    16. Michalis Nikiforos, 2015. "A Nonbehavioral Theory of Saving," Economics Working Paper Archive wp_844, Levy Economics Institute.
    17. Mauro Caminati & Serena Sordi, 2019. "Demand‐led growth with endogenous innovation," Metroeconomica, Wiley Blackwell, vol. 70(3), pages 405-422, July.
    18. Hein, Eckhard, 2022. "Varieties of demand and growth regimes: Post-Keynesian foundations," IPE Working Papers 196/2022, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    19. Matthew Smith, 2012. "Demand-led Growth Theory: A Historical Approach," Review of Political Economy, Taylor & Francis Journals, vol. 24(4), pages 543-573, October.
    20. Jan Behringer & Till van Treeck, 2013. "Income distribution and current account: A sectoral perspective," IMK Working Paper 125-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.

    More about this item

    Keywords

    consumption; classical political economy; theory of growth; Keynes; Garegnani;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

    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:2022:35. 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.