After Keynes, after Sraffa: "Heterodox" Approaches and the Italian Economy
Italian economic thought, from Francesco Ferrara on, has always been noteworthy for the wide range of its perspectives. This characteristic became even more marked in the second half of the twentieth century, thanks also to the Cambridge- school post-Keynesian strand, while the wider world saw the triumph, or at least the hegemony, of the marginalist approach, the neoclassical synthesis, and neoliberal ideology. The essay reviews the analyses and policy proposals produced by the post- Keynesian and, more generally, heterodox schools of thought in response to the crucial developments in the Italian economy since 1950. They represent an important contribution, significant even when Italy’s policy-makers failed to follow it up with concrete policy measures.
Volume (Year): (2009)
Issue (Month): 4 (December)
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- O. Lange, 1935. "Marxian Economics and Modern Economic Theory," Review of Economic Studies, Oxford University Press, vol. 2(3), pages 189-201.
- Pierluigi Ciocca, 1982. "Disproportionalities, Allocative Mechanisms, and Stagflation," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 4(2), pages 231-239, January.
- Michael Bruno & Jeffrey D. Sachs, 1985. "Economics of Worldwide Stagflation," NBER Books, National Bureau of Economic Research, Inc, number brun85-1, June.
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