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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 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 Second, we remark that, as testified by an unpublished essay, in these years of dramatic changes such as the fall of the Berlin Wall, his social philosophical beliefs underwent a significant evolution.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.

Suggested Citation

  • Massimo Di Matteo & Serena Sordi, 2015. "Goodwin in Siena: economist, social philosopher and artist," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(6), pages 1507-1527.
  • Handle: RePEc:oup:cambje:v:39:y:2015:i:6:p:1507-1527.
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    File URL: http://hdl.handle.net/10.1093/cje/bev046
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    References listed on IDEAS

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    1. Kumaraswamy Velupillai, 1990. "The (Nonlinear) Life and (Economic) Times of Richard M. Goodwin," Palgrave Macmillan Books, in: Kumaraswamy Velupillai (ed.), Nonlinear and Multisectoral Macrodynamics, chapter 3, pages 7-27, Palgrave Macmillan.
    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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    Cited by:

    1. Andrea Borsato, 2022. "An agent-based model for Secular Stagnation in the USA: theory and empirical evidence," Journal of Evolutionary Economics, Springer, vol. 32(4), pages 1345-1389, September.
    2. Eduardo Amaral Haddad & Natalia Cotarelli & Thiago Cavalcante Simonato & Vinicius Almeida Vale & Jaqueline Coelho Visentin, 2020. "The Grand Tour: Keynes and Goodwin go to Greece," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-21, December.

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    More about this item

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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