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After Keynes, after Sraffa: "Heterodox" Approaches and the Italian Economy

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  • Pierluigi Ciocca

Abstract

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.

Suggested Citation

  • Pierluigi Ciocca, 2009. "After Keynes, after Sraffa: "Heterodox" Approaches and the Italian Economy," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, December.
    • Handle: RePEc:rar:journl:0124
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    References listed on IDEAS

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    1. Pierluigi Ciocca, 2005. "The Italian Financial System Remodelled," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-00592-1, July.
    2. Pasinetti,Luigi L., 2007. "Keynes and the Cambridge Keynesians," Cambridge Books, Cambridge University Press, number 9780521872270, January.
    3. 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.
    4. Pierluigi Ciocca, 1982. "Disproportionalities, Allocative Mechanisms, and Stagflation," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 4(2), pages 231-239, January.
    5. Michael Bruno & Jeffrey D. Sachs, 1985. "Economics of Worldwide Stagflation," NBER Books, National Bureau of Economic Research, Inc, number brun85-1, January.
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    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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