Guglielmo Forges Davanzati
Biographic Data
| ID | 170855 |
|---|---|
| NAME | Guglielmo Forges Davanzati |
| GIVEN NAMES | Guglielmo Forges |
| FAMILY NAME | Davanzati |
| SIGNATURE | DAVANZATI G F |
| AFFILIATIONS | University of Salento |
| ORCID | 0000-0003-2926-3261 |
| VERIFIED | Yes |
| TOTAL WORKS | 17 |
| TOTAL CITATIONS | 26 |
| WORKS AS AUTHOR | 17 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2000 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 3 |
Augusto Graziani on Italian Economic Development (1950–1970)
Italian economic thought between the 1960s and 1990s provided important scientific contributions and one of its most authoritative representatives was certainly Augusto Graziani (1933–2014). On the international plane, Graziani is mainly known for his monetary theory of production while his theory of development and his analysis of the Italian economic have drawn relatively little debate. The purpose of this work is to illustrate his analysis of …
Wage Moderation, Regional Imbalances in Europe and the Recovery and Resilience Plan
The RRP (Italian National Plan for Recovery and Resilience) is the plan for Italian economic policy in the context of the European Next Generation EU (NGEU) and is structured in the form of investments designed to achieve the goals of growth and resilience. The aim of this article is to provide an analysis of this Plan, for the purpose of studying its adequacy in reducing imbalances both among European countries and within Italy, as well as in re…
Modern Money Theory
Modern Money Theory (MMT) describes the functioning of a pure credit economy, assuming that the state can finance public spending via monetisation on the part of the central bank: in this light MMT proponents maintain that taxation and bond issues are irrelevant to public deficit financing. Another feature peculiar to MMT is the belief that expansionary fiscal policies can guarantee full employment in a condition where the state acts as an employ…
Globalization, demand of sense and enemization of the other
The paper outlines a cultural–psychological interpretation of the current European societies’ socio-institutional crisis. To this end, preliminarily, the cultural psychological view of social behaviour is outlined, focusing on the idea that socio-political choices depend on how people make sense of their world. Second, the paper provides an interpretation of the current socio-political European scenario of crisis, based on the main results of a r…
The Italian economic stagnation in a Kaldorian theoretical perspective
Marx on Public Debt
Marx devoted little attention to the functions of the State (and, particularly, to the role of public debt) in the capitalist system, and in more recent times, little attention has been devoted to this issue on the part of Marxist scholars. Starting from a reconstruction of Marx’s view on this issue, this article aims to analyze the effects of the expansion of public debt on capital reproduction in Marx’s thought and to derive a criterion of publ…
The Keynesian Features of Graziani's Monetary Theory of Production and Some Unresolved Issues
The aim of this article is twofold. First, it seeks to verify the elements of affinity between Graziani's approach to the Monetary Theory of Production and Keynes' Treatise on Money and his General Theory. It is shown that two important theoretical elements, from the Treatise on Money, enter Graziani's basic schema, namely the view of endogenous money supply and the distribution process. At the same time, uncertainty and aggregate demand--conceiv…
Credit, Production, and Wages in Thorstein Veblen's Economic Thought
The aim of this paper is to provide an interpretation of Veblen's theory of money, production, and wages, based on the view that his approach falls within the so-called monetary theory of production (MTP), and that significant elements of similarity with Keynes's view can be traced in his works. It will be shown that social conflict—driven by workers' reaction to a wage policy that violates the "limit of tolerance"—generates increases in employme…
Gunnar Myrdal on Labour Market Regulation and Economic Development
This article proposes a re-reading of Gunnar Myrdal’s theory of the functioning of the labour market. In contrast with the conventional view of his time (what he labelled “equilibrium economics”), Myrdal upholds that a deregulated market economy is unable to spontaneously generate a social environment characterized by “harmony of interests”. In this context, income inequality perpetuates both within countries and between countries. For the purpos…
Gunnar Myrdal on Labour Market Regulation and Economic Development
Gunnar Myrdal Revisited
This article is available on the website of the old publisher Franco Angeli ( http://www.francoangeli.it/riviste/sommario.asp?IDRivista=152 )
Heterodox Macroeconomics. Keynes, Marx and Globalization
Heterodox Macroeconomics. Keynes, Marx and Globalization Jonathan P. Goldstein & Michael G. Hillard (Eds) London, Routledge, 2009, 280 pp., £90.00 hardcover ISBN 0-415-77808-5 Generally speaking, t
Capitalists, Workers and Fiscal Policy. A Classical Model of Growth and Distribution
Income Distribution and Crisis in a Marxian Schema of the Monetary Circuit
This paper aims to provide an interpretation of economic crises by superimposing Marxian and institutional issues on the theoretical framework of the monetary theory of production. The dynamics of wages are considered, along with investment and conspicuous consumption on the part of rentiers, in order to show that the current economic crisis ultimately results from the combination of declining wage shares, increasing financial rents, and reduced …
Mainstream Economics and Sense-Making
Ethical Codes and Income Distribution
In contemporary non-mainstream economic debate, it is widely thought that the functioning of a market economy needs a set of rules (i.e. institutions) which bind agents in their behaviour, allowing efficient outcomes. This idea is contrary to the General Equilibrium Model (GEM) where markets are pictured as working in an institutional vacuum and where social and historical variables play no role. However, in more recent times, a large group of ec…
Marx Inside the Circuit
The aim of this paper is to show that Marxian labour theory of value can be consistently interpreted in terms of the monetary circuit model, where firms need initial finance to start production and where the money supply is endogenous. In contrast to the recently revived Marxian monetary models, in particular the New Interpretation, it is argued here that although the money wage is bargained for on the labour market, the real wage is determined b…
Globalization, demand of sense and enemization of the other
The paper outlines a cultural–psychological interpretation of the current European societies’ socio-institutional crisis. To this end, preliminarily, the cultural psychological view of social behaviour is outlined, focusing on the idea that socio-political choices depend on how people make sense of their world. Second, the paper provides an interpretation of the current socio-political European scenario of crisis, based on the main results of a r…
Marx on Public Debt
Marx devoted little attention to the functions of the State (and, particularly, to the role of public debt) in the capitalist system, and in more recent times, little attention has been devoted to this issue on the part of Marxist scholars. Starting from a reconstruction of Marx’s view on this issue, this article aims to analyze the effects of the expansion of public debt on capital reproduction in Marx’s thought and to derive a criterion of publ…
Income Distribution and Crisis in a Marxian Schema of the Monetary Circuit
This paper aims to provide an interpretation of economic crises by superimposing Marxian and institutional issues on the theoretical framework of the monetary theory of production. The dynamics of wages are considered, along with investment and conspicuous consumption on the part of rentiers, in order to show that the current economic crisis ultimately results from the combination of declining wage shares, increasing financial rents, and reduced …
Mainstream Economics and Sense-Making
Marx Inside the Circuit
The aim of this paper is to show that Marxian labour theory of value can be consistently interpreted in terms of the monetary circuit model, where firms need initial finance to start production and where the money supply is endogenous. In contrast to the recently revived Marxian monetary models, in particular the New Interpretation, it is argued here that although the money wage is bargained for on the labour market, the real wage is determined b…
Wage Moderation, Regional Imbalances in Europe and the Recovery and Resilience Plan
The RRP (Italian National Plan for Recovery and Resilience) is the plan for Italian economic policy in the context of the European Next Generation EU (NGEU) and is structured in the form of investments designed to achieve the goals of growth and resilience. The aim of this article is to provide an analysis of this Plan, for the purpose of studying its adequacy in reducing imbalances both among European countries and within Italy, as well as in re…
Modern Money Theory
Modern Money Theory (MMT) describes the functioning of a pure credit economy, assuming that the state can finance public spending via monetisation on the part of the central bank: in this light MMT proponents maintain that taxation and bond issues are irrelevant to public deficit financing. Another feature peculiar to MMT is the belief that expansionary fiscal policies can guarantee full employment in a condition where the state acts as an employ…
The Italian economic stagnation in a Kaldorian theoretical perspective
The Keynesian Features of Graziani's Monetary Theory of Production and Some Unresolved Issues
The aim of this article is twofold. First, it seeks to verify the elements of affinity between Graziani's approach to the Monetary Theory of Production and Keynes' Treatise on Money and his General Theory. It is shown that two important theoretical elements, from the Treatise on Money, enter Graziani's basic schema, namely the view of endogenous money supply and the distribution process. At the same time, uncertainty and aggregate demand--conceiv…
Marx Inside the Circuit
The aim of this paper is to show that Marxian labour theory of value can be consistently interpreted in terms of the monetary circuit model, where firms need initial finance to start production and where the money supply is endogenous. In contrast to the recently revived Marxian monetary models, in particular the New Interpretation, it is argued here that although the money wage is bargained for on the labour market, the real wage is determined b…
Ethical Codes and Income Distribution
In contemporary non-mainstream economic debate, it is widely thought that the functioning of a market economy needs a set of rules (i.e. institutions) which bind agents in their behaviour, allowing efficient outcomes. This idea is contrary to the General Equilibrium Model (GEM) where markets are pictured as working in an institutional vacuum and where social and historical variables play no role. However, in more recent times, a large group of ec…
Mainstream Economics and Sense-Making
Capitalists, Workers and Fiscal Policy. A Classical Model of Growth and Distribution
Income Distribution and Crisis in a Marxian Schema of the Monetary Circuit
This paper aims to provide an interpretation of economic crises by superimposing Marxian and institutional issues on the theoretical framework of the monetary theory of production. The dynamics of wages are considered, along with investment and conspicuous consumption on the part of rentiers, in order to show that the current economic crisis ultimately results from the combination of declining wage shares, increasing financial rents, and reduced …
Heterodox Macroeconomics. Keynes, Marx and Globalization
Heterodox Macroeconomics. Keynes, Marx and Globalization Jonathan P. Goldstein & Michael G. Hillard (Eds) London, Routledge, 2009, 280 pp., £90.00 hardcover ISBN 0-415-77808-5 Generally speaking, t
Gunnar Myrdal on Labour Market Regulation and Economic Development
This article proposes a re-reading of Gunnar Myrdal’s theory of the functioning of the labour market. In contrast with the conventional view of his time (what he labelled “equilibrium economics”), Myrdal upholds that a deregulated market economy is unable to spontaneously generate a social environment characterized by “harmony of interests”. In this context, income inequality perpetuates both within countries and between countries. For the purpos…
Gunnar Myrdal on Labour Market Regulation and Economic Development
Gunnar Myrdal Revisited
This article is available on the website of the old publisher Franco Angeli ( http://www.francoangeli.it/riviste/sommario.asp?IDRivista=152 )
Credit, Production, and Wages in Thorstein Veblen's Economic Thought
The aim of this paper is to provide an interpretation of Veblen's theory of money, production, and wages, based on the view that his approach falls within the so-called monetary theory of production (MTP), and that significant elements of similarity with Keynes's view can be traced in his works. It will be shown that social conflict—driven by workers' reaction to a wage policy that violates the "limit of tolerance"—generates increases in employme…
The Keynesian Features of Graziani's Monetary Theory of Production and Some Unresolved Issues
The aim of this article is twofold. First, it seeks to verify the elements of affinity between Graziani's approach to the Monetary Theory of Production and Keynes' Treatise on Money and his General Theory. It is shown that two important theoretical elements, from the Treatise on Money, enter Graziani's basic schema, namely the view of endogenous money supply and the distribution process. At the same time, uncertainty and aggregate demand--conceiv…
The Italian economic stagnation in a Kaldorian theoretical perspective
Marx on Public Debt
Marx devoted little attention to the functions of the State (and, particularly, to the role of public debt) in the capitalist system, and in more recent times, little attention has been devoted to this issue on the part of Marxist scholars. Starting from a reconstruction of Marx’s view on this issue, this article aims to analyze the effects of the expansion of public debt on capital reproduction in Marx’s thought and to derive a criterion of publ…
Globalization, demand of sense and enemization of the other
The paper outlines a cultural–psychological interpretation of the current European societies’ socio-institutional crisis. To this end, preliminarily, the cultural psychological view of social behaviour is outlined, focusing on the idea that socio-political choices depend on how people make sense of their world. Second, the paper provides an interpretation of the current socio-political European scenario of crisis, based on the main results of a r…
Modern Money Theory
Modern Money Theory (MMT) describes the functioning of a pure credit economy, assuming that the state can finance public spending via monetisation on the part of the central bank: in this light MMT proponents maintain that taxation and bond issues are irrelevant to public deficit financing. Another feature peculiar to MMT is the belief that expansionary fiscal policies can guarantee full employment in a condition where the state acts as an employ…
Wage Moderation, Regional Imbalances in Europe and the Recovery and Resilience Plan
The RRP (Italian National Plan for Recovery and Resilience) is the plan for Italian economic policy in the context of the European Next Generation EU (NGEU) and is structured in the form of investments designed to achieve the goals of growth and resilience. The aim of this article is to provide an analysis of this Plan, for the purpose of studying its adequacy in reducing imbalances both among European countries and within Italy, as well as in re…
Augusto Graziani on Italian Economic Development (1950–1970)
Italian economic thought between the 1960s and 1990s provided important scientific contributions and one of its most authoritative representatives was certainly Augusto Graziani (1933–2014). On the international plane, Graziani is mainly known for his monetary theory of production while his theory of development and his analysis of the Italian economic have drawn relatively little debate. The purpose of this work is to illustrate his analysis of …
Economics (17 works) · Political Economy and Marxism (12 works) · Economic Theory and Policy (11 works) · Macroeconomics (10 works) · Economic Theory and Institutions (7 works) · Keynesian economics (7 works) · Labour economics (7 works) · Neoclassical economics (6 works) · Market economy (5 works) · Computer Science (4 works)