IDEAS home Printed from https://ideas.repec.org/a/psl/moneta/201514.html
   My bibliography  Save this article

Sylos Labini su Marx: implicazioni per la politica economica (Sylos Labini on Marx: economic policy implications)

Author

Listed:
  • Massimo Cingolani

    (Banca Europea per gli Investimenti)

Abstract

This article considers Sylos Labini’s works on Marx (Sylos Labini, 1991; 1994). It places the Italian economist’s assessment of Marx in the context of the former’s wider economic production (both previous and subsequent to the 1991 article) and the debate that followed his “Carlo Marx: è tempo di un bilancio”. Such article, written right after the fall of Berlin’s Wall, attempted at developing a fair assessment of Marx’s thought, seen as one of the most important Classical economists and, from many points of view, a precursor of Keynes. Sylos Labini criticised Marx’s political position and what Sylos perceived as his “unethical behaviour”. On the contrary, he held Marx the economist in great regard.

Suggested Citation

  • Massimo Cingolani, 2015. "Sylos Labini su Marx: implicazioni per la politica economica (Sylos Labini on Marx: economic policy implications)," Moneta e Credito, Economia civile, vol. 68(269), pages 81-147.
  • Handle: RePEc:psl:moneta:2015:14
    as

    Download full text from publisher

    File URL: http://www.jmes.uniroma1.it/index.php/monetaecredito/article/view/13074
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Alessandro Roncaglia, 2014. "Teoria dell'occupazione: due impostazioni a confronto," Moneta e Credito, Economia civile, vol. 67(267), pages 243-270.
    2. Sala-i-Martin, Xavier X, 1996. "The Classical Approach to Convergence Analysis," Economic Journal, Royal Economic Society, vol. 106(437), pages 1019-1036, July.
    3. Oskar Lange, 1936. "The Place of Interest in the Theory of Production," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 3(3), pages 159-192.
    4. Marc Lavoie, 2014. "Post-Keynesian Economics: New Foundations," Post-Print hal-01343652, HAL.
    5. Fabio petri, 2012. "On recent reformulations of the labour theory of value," Department of Economics University of Siena 643, Department of Economics, University of Siena.
    6. Claude Gnos & Sergio Rossi, 2012. "Modern Monetary Macroeconomics. A New Paradigm for Economic Policy," Post-Print halshs-01231783, HAL.
    7. Pasinetti,Luigi L., 2007. "Keynes and the Cambridge Keynesians," Cambridge Books, Cambridge University Press, number 9780521872270.
    8. Angelo Reati & Gérard Roland, 1988. "Ondes longues et régulation: le cas allemand," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 117, pages 107-149.
    9. Kurz, Heinz D, 1985. "Effective Demand in a "Classical" Model of Value and Distribution: The Multiplier in a Sraffian Framework," The Manchester School of Economic & Social Studies, University of Manchester, vol. 53(2), pages 121-137, June.
    10. Baumol, William J, 1974. "The Transformation of Values: What Marx "Really" Meant: Reply," Journal of Economic Literature, American Economic Association, vol. 12(1), pages 74-75, March.
    11. Duncan K. Foley, 2000. "Recent Developments in the Labor Theory of Value," Review of Radical Political Economics, Union for Radical Political Economics, vol. 32(1), pages 1-39, March.
    12. Bernard Schmitt, 2012. "Money, effective demand, and profits," Chapters, in: Claude Gnos & Sergio Rossi (ed.), Modern Monetary Macroeconomics, chapter 3, pages 71-99, Edward Elgar Publishing.
    13. repec:syd:wpaper:9808 is not listed on IDEAS
    14. Moseley, Fred, 1985. "The Rate of Surplus Value in the Postwar U.S. Economy: A Critique of Weisskopf's Estimates," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 9(1), pages 57-79, March.
    15. Ferlito, Carmelo, 2011. "Sylos Labini’s Unpublished Notes on Schumpeter’s Business Cycles," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 14(1), pages 88-129.
    16. Pasinetti,Luigi, 1993. "Structural Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521432825.
    17. Marc Lavoie, 2013. "Sraffians, other Post-Keynesians, and the Controversy over Centres of Gravitation," Palgrave Macmillan Books, in: Enrico Sergio Levrero & Antonella Palumbo & Antonella Stirati (ed.), Sraffa and the Reconstruction of Economic Theory: Volume Three, chapter 2, pages 34-54, Palgrave Macmillan.
    18. Pasinetti, Luigi L, 1988. "Growing Subsystems, Vertically Hyper-integrated Sectors and the Labour Theory of Value," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 12(1), pages 125-134, March.
    19. Marc Lavoie, 2009. "Introduction to Post-Keynesian Economics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-23548-9, September.
    20. Alan Freeman & Guglielmo Carchedi (ed.), 1996. "Marx and Non-equilibrium Economics," Books, Edward Elgar Publishing, number 737.
    21. Pier Luigi Porta, 2007. "Paolo Sylos Labini as a historian of economics," Revue d'économie industrielle, De Boeck Université, vol. 0(2), pages 3-3.
    22. Paul Davidson, 2005. "Responses to Lavoie, King, and Dow on what Post Keynesianism is and who is a Post Keynesian," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(3), pages 393-408.
    23. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-251, April.
      • Barro, R.J. & Sala-I-Martin, X., 1991. "Convergence," Papers 645, Yale - Economic Growth Center.
      • Barro, Robert J. & Sala-i-Martin, Xavier, 1992. "Convergence," Scholarly Articles 3451299, Harvard University Department of Economics.
    24. Oskar Lange, 1936. "On the Economic Theory of Socialism," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 4(1), pages 53-71.
    25. Philip Arestis & Malcolm Sawyer (ed.), 2001. "The Economics of the Third Way," Books, Edward Elgar Publishing, number 2221.
    26. repec:syd:wpaper:98-16 is not listed on IDEAS
    27. N. Gregory Mankiw & David Romer & David Weil, 1990. "A Contribution to the Empirics of Economic Growth," Working Papers 1990-24, Brown University, Department of Economics.
    28. Augusto Graziani, 1988. "Le financement de l'économie dans la pensée de J.M. Keynes," Cahiers d'Économie Politique, Programme National Persée, vol. 14(1), pages 151-166.
    29. Duncan K. Foley, 1982. "The Value of Money the Value of Labor Power and the Marxian Transformation Problem," Review of Radical Political Economics, Union for Radical Political Economics, vol. 14(2), pages 37-47, June.
    30. William Vickrey, 2004. "A Trans-Keynesian Manifesto (Thoughts About an Asset-based Macroeconomics)," Chapters, in: Mathew Forstater & Pavlina R. Tcherneva (ed.), Full Employment and Price Stability, chapter 12, pages 93-108, Edward Elgar Publishing.
    31. Alessandro Roncaglia, 2013. "Hyman Minsky's monetary production economy," PSL Quarterly Review, Economia civile, vol. 66(265), pages 77-94.
    32. Oskar Lange, 1937. "On the Economic Theory of Socialism: Part Two," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 4(2), pages 123-142.
    33. Claudio Sardoni, 2011. "Unemployment, Recession and Effective Demand," Books, Edward Elgar Publishing, number 13837.
    34. Baumol, William J, 1974. "The Transformation of Values: What Marx "Really" Meant (An Interpretation)," Journal of Economic Literature, American Economic Association, vol. 12(1), pages 51-62, March.
    35. Graziani,Augusto, 2003. "The Monetary Theory of Production," Cambridge Books, Cambridge University Press, number 9780521812115.
    36. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    37. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676.
    38. Robert J. Barro & Xavier Sala-i-Martin, 1991. "Convergence across States and Regions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1), pages 107-182.
    39. K. Sato, 1966. "On the Adjustment Time in Neo-classical Growth Models," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 33(3), pages 263-268.
    40. Magrini, Stefano, 2004. "Regional (di)convergence," Handbook of Regional and Urban Economics, in: J. V. Henderson & J. F. Thisse (ed.), Handbook of Regional and Urban Economics, edition 1, volume 4, chapter 62, pages 2741-2796, Elsevier.
    41. Sardoni, Claudio, 1981. "Multi-Sectoral Models of Balanced Growth and the Marxian Schemes of Expanded Reproduction," Australian Economic Papers, Wiley Blackwell, vol. 20(37), pages 383-397, December.
    42. Roncaglia,Alessandro, 2006. "The Wealth of Ideas," Cambridge Books, Cambridge University Press, number 9780521691871.
    43. Christian Ottavj, 1981. "Circuit économique et déséquilibre," Cahiers d'Économie Politique, Programme National Persée, vol. 6(1), pages 147-169.
    44. Eichner, Alfred S & Kregel, J A, 1975. "An Essay on Post-Keynesian Theory: A New Paradigm in Economics," Journal of Economic Literature, American Economic Association, vol. 13(4), pages 1293-1314, December.
    45. O. Lange, 1935. "Marxian Economics and Modern Economic Theory," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 2(3), pages 189-201.
    46. Ryuzo Sato, 1963. "Fiscal Policy in a Neo-Classical Growth Model: An Analysis of Time Required for Equilibrating Adjustment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 30(1), pages 16-23.
    47. Louis-Philippe Rochon, 1999. "Credit, Money and Production," Books, Edward Elgar Publishing, number 1565.
    48. Alessandro Roncaglia, 2012. "Different Notions of Scarcity," Economia politica, Società editrice il Mulino, issue 1, pages 3-18.
    49. Claudio Sardoni, 2009. "The Marxian schemes of reproduction and the theory of effective demand," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(1), pages 161-173, January.
    50. J. V. Henderson & J. F. Thisse (ed.), 2004. "Handbook of Regional and Urban Economics," Handbook of Regional and Urban Economics, Elsevier, edition 1, volume 4, number 4.
    51. Labini, Paolo Sylos, 1995. "Why the interpretation of the Cobb-Douglas production function must be radically changed," Structural Change and Economic Dynamics, Elsevier, vol. 6(4), pages 485-504, December.
    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. Naoki Yoshihara & Roberto Veneziani, 2013. "The Measurement of Labour Content: A General Approach," Working Papers 704, Queen Mary University of London, School of Economics and Finance.
    2. Breinlich, Holger & Ottaviano, Gianmarco I.P. & Temple, Jonathan R.W., 2014. "Regional Growth and Regional Decline," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 4, pages 683-779, Elsevier.
    3. Juan Brida & Nicolás Garrido & Francesco Mureddu, 2014. "Italian economic dualism and convergence clubs at regional level," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(1), pages 439-456, January.
    4. Persson, Joakim, 1997. "Convergence across the Swedish counties, 1911-1993," European Economic Review, Elsevier, vol. 41(9), pages 1835-1852, December.
    5. Fiaschi, Davide & Lavezzi, Andrea Mario, 2007. "Productivity polarization and sectoral dynamics in European regions," Journal of Macroeconomics, Elsevier, vol. 29(3), pages 612-637, September.
    6. Mark J. Holmes, 2005. "Is Long-Run Output Convergence Associated With International Cooperation? Some New Evidence For Selected African Countries," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 30(2), pages 67-85, December.
    7. Păun Cristian, 2009. "An empirical estimation of Balassa-Samuelson Effect in case of Eastern European Countries," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 01, March.
    8. Valerien O. Pede & Raymond J. G. M. Florax & Henri L. F. De Groot, 2007. "Technological Leadership, Human Capital and Economic Growth: a Spatial Econometric Analysis for US Counties, 1969-2003," Annals of Economics and Statistics, GENES, issue 87-88, pages 103-124.
    9. Leone Leonida, 2023. "What Have We Not Learned from the Convergence Debate?," Mathematics, MDPI, vol. 11(9), pages 1-22, April.
    10. Persson, Joakim, 1999. "Demographic and Per Capita Income Dynamics: A Convergence Study on Demographics, Human Capital, and Per Capita Income for the US States," Working Paper Series 156, Trade Union Institute for Economic Research.
    11. Guglielmo Caporale & Luis Gil-Alana, 2013. "Long memory in US real output per capita," Empirical Economics, Springer, vol. 44(2), pages 591-611, April.
    12. Cem Ertur & Julie Le Gallo & Catherine Baumont, 2006. "The European Regional Convergence Process, 1980-1995: Do Spatial Regimes and Spatial Dependence Matter?," International Regional Science Review, , vol. 29(1), pages 3-34, January.
    13. Mendieta Muñoz, Rodrigo & Pontarollo, Nicola, 2015. "Cantonal Convergence in Ecuador: A Spatial Econometric Perspective," MPRA Paper 68399, University Library of Munich, Germany.
    14. Adriana Di Liberto & Francesco Pigliaru & Roberto Mura, 2008. "How to measure the unobservable: a panel technique for the analysis of TFP convergence," Oxford Economic Papers, Oxford University Press, vol. 60(2), pages 343-368, April.
    15. Juan Carlos Odar Z., 2000. "Diferencias departamentales de crecimiento. Un análisis de convergencia para Perú: 1961-1996," Apuntes. Revista de ciencias sociales, Fondo Editorial, Universidad del Pacífico, vol. 27(47), pages 5-57.
    16. Freeman, Donald G. & Yerger, David B., 2001. "Interpreting cross-section and time-series tests of convergence: the case of labor productivity in manufacturing," Journal of Economics and Business, Elsevier, vol. 53(6), pages 593-607.
    17. Tunali, Çiǧdem Börke & Yilanci, Veli, 2010. "Are per capita incomes of MENA countries converging or diverging?," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(21), pages 4855-4862.
    18. Stephen Dobson & Carlyn Ramlogan & Eric Strobl, 2006. "Why Do Rates Of Β‐Convergence Differ? A Meta‐Regression Analysis," Scottish Journal of Political Economy, Scottish Economic Society, vol. 53(2), pages 153-173, May.
    19. Kubis, Alexander & Schneider, Lutz, 2012. "Human capital mobility and convergence : a spatial dynamic panel model of the German regions," IAB-Discussion Paper 201223, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    20. Adam P. Balcerzak & Elzbieta Rogalska, 2016. "Non-Keynesian Effects of Fiscal Consolidations in Central Europe in the Years 2000-2013," Chapters, in: Mehmet Huseyin Bilgin & Hakan Danis (ed.),Entrepreneurship, Business and Economics - Vol. 2. Proceedings of the 15th Eurasia Business and Economics Society, edition 1, volume 2, chapter 18, pages 271-282, Institute of Economic Research.

    More about this item

    Keywords

    Marx; Sylos Labini; socialismo liberale;
    All these keywords.

    JEL classification:

    • 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
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General

    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:2015:14. 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.