Home Il pensiero economico
Giorgio Lunghini | “Nel corso della sua storia l’economia, scienza che non progredisce, si è via via ridotta ad una ‘tecnica di pensiero’ che non fornisce alcun ‘risultato concreto immediatamente applicabile alla pratica.’ Fattasi teoria...
The present work reconstructs the recent debate among Stiglitz, Summers and Krugman about the origins of the American economic stagnation and discusses two elements. The first regards the birth of the Secular Stagnation theory, the second the role of aggregate demand within it.
Empirical evidences on fiscal policy and economic crisis led many mainstream economists to admit the limits of their own models. We look at Allsop and Vines’ proposal to change New Consensus model published on Oxford Review of Economic Policy and then we question if new theorical tendencies in mainstream economics are enough to afford with economic crisis.
Stimolare la domanda e gli investimenti non sempre garantisce una crescita stabile del sistema economico. Lucarelli e Romano in “Squilibrio” si servono dei preziosi contributi della teoria economica critica per spiegare la complessa dinamica...
This paper aims to provide a first conceptual framework within which to explain the phenomenon of secular stagnation, highlighting the tendency towards a "chronic excess capacity" rather than referring, as in the mainstream analysis on the topic, to a "non-temporary excess of savings on the volume of private investments". Our approach allows us to focus the role of mutual interactions between financial institutions and the real economy, as well as the power relations between the different economic actors.
Emphasizing the contradictions of Hans-Werner Sinn’s ordoliberal reasoning, the article emphasizes the usefulness of the works of Schumpeter and Minsky to re-evaluate Keynes’s critique of neoclassical economics. This criticism is more relevant than ever for the definition of a social-democratic political-economic approach alternative to the German-inspired neoliberal and to the populist-liberal approaches characterizing the current European and Italian political scene.
Neoliberalism is told to be new, but it is old. It is the philosophy of the industrial revolution and – as Walter Lippmann wrote – “its task is to modify men and human behaviour, adapting them to the requirements of capitalism in all of its developments”. Today, this neoliberal political and anthropological project is hegemonic: market and competition (and creative destruction) are accepted forms of life. In particular, ordoliberalism is now ordoliberalism 2.0 and ordopopulism.