Elezioni italia 2019 | Con l’avvicinarsi delle elezioni europee è possibile che alcuni governanti uscenti vengano colti da un qualche presagio e che istintivamente cerchino di scongiurarlo attraverso una […]
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.
After the great crisis of 2007-2008, the average stock prices of financial wealth (stocks and securities) on the major stock markets have been characterized by a continuous growth that the economists are still struggling to explain. In this paper we propose an interpretation and a subsequent empirical review of the phenomenon that is based on a complete re-formulation of the quantum theory of the money. According to it, wealth stock inflation is an indirect effect of an excess of production capacity in the real economy and the associated process of creating new money.
Cobb-Douglas aggregate production function surely represents the cornerstone of the neoclassical theory. However, its good fit implies the respect for a series of unrealistic and increasingly restrictive hypothesis. So, this article attempts to summarize and to analyze the most important objections to Cobb-Douglas function raised by heterodox economists.
In the last decades, the mergers and acquisitions among firms have created large oligopolistic concentrations which operate simultaneously in many economic sectors and in different countries. This article describes some of the economic and political problems caused by oligopolies and analyses the role of antitrust in addressing them.
Common sense economic policies of almost all the European govern¬ments has been crossed by important reforms of the labor market towards higher levels of deregulation, redefinition of the welfare system and decline or stagnation in real wages. Is there a direct or indirect correlation between these policies and soaring forms of indebtedness of private households?
Tassi di interesse non solo molto bassi ma addirittura negativi; caduta del prezzo delle materie prime e innanzitutto del petrolio; inflazione ridotta a qualche decimale di punto: l’economia […]
Mentre molti governi, per rispettare stringenti vincoli di bilancio, comprimono spesa e servizi pubblici, una parte significativa della ricchezza delle nazioni sfugge a qualsiasi forma di tassazione. […]
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