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Interpreting the path of Italian economic thought: The contribution of Eraldo Fossati

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  • Mario Pomini

Abstract

In this article, we focus on the figure of Eraldo Fossati, He was a protagonist of the development of Italian economic thought in the central decades of the last century. At the beginning he tried to dynamize the Paretian theory of general equilibrium. In the first phase he emphasized the role of true uncertainty following the Austrian tradition. Ended a short corporatist parenthesis, after the second world war he supported the Keynesian theory and made an original proposal to reconcile Pareto and Keynes, considering the latter not as a revolutionary economist but rather as an innovator who furnished new tools to understanding the real workings of contemporary economic systems with their chronic unemployment. In fact, after the Second World War Fossati was one of the main exponents of the Keynesian turn in Italy.

Suggested Citation

  • Mario Pomini, 2020. "Interpreting the path of Italian economic thought: The contribution of Eraldo Fossati," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 9(1), pages 21-39.
    • Handle: RePEc:fan:spespe:v:html10.3280/spe2020-001002
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    References listed on IDEAS

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    1. Michael McLure, 2007. "The Paretian School and Italian Fiscal Sociology," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-59626-9.
    2. António Almodovar & José Luís Cardoso, 2005. "Corporatism and the Economic Role of Government," History of Political Economy, Duke University Press, vol. 37(5), pages 333-354, Supplemen.
    3. Pomini, Mario, 2018. "Economic Dynamics And The Calculus Of Variations In The Interwar Period," Journal of the History of Economic Thought, Cambridge University Press, vol. 40(1), pages 57-79, March.
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    More about this item

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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