La posizionalità come presupposto della relazionalità; e viceversa

2011

Both relational and positional goods are based upon an idea of joint consumption – thought with opposite signs. In both cases, agents are not self regarded, but their consumption choices are other-regarded. Moreover, relational good lies on identity of its consumers. It implies a certain degree of positionality within the consumption of relational goods. Analogously, except for two-agent context, each positional good has a relational component. What emerges is a complex structure of economic outcomes based on both relational and positional motives.

Was Frank Knight an Institutionalist?

2005

The Other J.M.: John Maurice Clark and the Keynesian Revolution

2008

This paper suggests that Clark's views regarding the Keynesian Revolution illuminate some of the limitations of the Keynesian orthodoxy that developed after the war, bringing more institutional detail and a greater preoccupation with dynamic analysis. Clark developed the multiplier in dynamic terms and coupled it with the accelerator to provide the framework for business cycle theory. His analysis was not formalized and emphasized time lags and nonlinearities, similar to Harrod. In addition, Clark was concerned with the inflationary consequences of Keynesian policies and he was dissatisfied with those mechanical interpretations of the income flow analysis, which came to be known as hydrauli…