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Goodwin in Siena – Economist, Social Philosopher and Artist

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  • Massimo Di Matteo
  • Serena Sordi

Abstract

This article describes the years of Goodwin’s ‘third life’ at the University of Siena, stressing in particular his main contributions to economic theory, the evolution in his political and philosophical ideas and his love of art. First, after a brief description of his arrival in Siena and of the background he found there, we explore some of his contributions of the period and we argue that his achievements in the explanation of irregular growth cycles are remarkable and still open to further analysis and generalisation. Second, we remark that, as testified by an unpublished essay, in these years of dramatic changes such as the Fall of the Berlin Wall, his social philosophical beliefs underwent a significant evolution. Finally, we conclude with a tribute to Goodwin, the abstract painter.

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Paper provided by ASSRU - Algorithmic Social Science Research Unit in its series ASSRU Discussion Papers with number 1220.

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Date of creation: 2012
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Handle: RePEc:trn:utwpas:1220

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Keywords: Economic dynamics; MKS system; Long waves; Growth cycle; Chaos;

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  1. Sordi, Serena & Vercelli, Alessandro, 2006. "Discretely proceeding from cycle to chaos on Goodwin's path," Structural Change and Economic Dynamics, Elsevier, vol. 17(4), pages 415-436, December.
  2. Velupillai, K. Vela, 1998. "The vintage economist," Journal of Economic Behavior & Organization, Elsevier, vol. 37(1), pages 1-31, September.
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