Search results for " Pensiero"

From stationary state to endogenous growth: International trade in the mathematical formulation of the Ricardian system

2015

In his 1814–15 correspondence with Malthus and in his Essay on Profits, Ricardo championed the free importation of wage goods as a highly effective growth-enhancing policy. In order to capture this aspect in the mathematical formulation of the Ricardian system first introduced by Pasinetti in 1960 in the context of a closed economy, we produce a variant of that model where the economy is a small open one. We show that this economy is characterised by endogenous growth since the growth rate is bounded from below and we locate two thresholds concerning the allocation of labour among the two sectors of the economy and the pattern of international trade.

From endogenous growth to stationary state: The world economy in the mathematical formulation of the Ricardian system

2016

AbstractWe analyse international trade in a Pasinetti–Ricardo growth model in the world economy scenario in which several small trading countries coexist and international commodity prices are determined by the interplay of supply and demand amongst them. We demonstrate that all the trading countries eventually reach the stationary state, though this process is not monotonic and the dynamics of capital and population may actually push some countries towards the stationary state and others away from it. We also use our model to assess an argument which Malthus employed in the second edition of An Essay on the Principle of Population (1803) to support a policy of agricultural protectionism.

Is Food Self-Sufficiency Conducive to Long-Term Growth? An Assessment of Malthus (1803) on the International Corn Trade.

2017

In this article, we have reconstructed Malthus’s views on growth and international corn trade in the second edition of his An Essay on the Principle of Population (1803) and shown their theoretical consistency with Malthus’s food self-sufficiency policy proposal advanced in Grounds of an Opinion on the Policy of Restricting the Importation of Foreign Corn ([1815] 1986b), the protectionist pamphlet that elicited Ricardo’s vehement reaction in “Essay on Profits.” Malthus’s (1803) main thesis was that the contemporary British unbalanced growth pattern was not viable. In order to avoid premature stagnation, he thought that Great Britain should both follow a pattern of balanced growth and pursue…

John M. Clark and frank H. Knight on the adding-up theorem, overhead costs, and more

2018

This note offers new archival insight into a 1925 polemical exchange between Frank Knight and John Maurice Clark that was hosted in the pages of Journal of Political Economy. Although the exchange centered on the effects of overhead costs on marginal productivity theory and the so-called adding-up theorem, it also provided significant elements to assess the methodological differences between two of the most representative American economists of the interwar years.

An appraisal of Piero Sraffa's 'The Laws of Returns under Competitive Conditions'

2001

The paper proposes a new interpretation of Sraffa's 1926 Economic Journal article, ‘The Laws of Returns under Competitive Conditions’, according to which the latter derives from the same strategy of research which underlies its 1925 Italian precursor, ‘Sulle relazioni fra costo e quantità prodotta’. Sraffa tested the explanatory power of a Marshallian monopolistic partial equilibrium model and concluded that that model is able to treat one source of variable returns (firm-internal economies); but this articulation of Marshall‘s theory does not substantially improve on the trade-off between logical consistency and empirical relevance which afflicted the theory in its whole. © 2001, Taylor & …

La libertà tra determinismo naturale e determinismo teologico: Il De servo arbitrio di Lutero

2018

L'articolo analizza il rapporto tra determinismo naturale e storico da un lato e determinismo teologico dall'altro, così come Lutero lo affronta nel De servo arbitrio, a partire dalla sua concreta esperienza di fede. L'articolo cerca di mostrare come l'idea di determinismo di Lutero sia escludente l’opposta idea d’indeterminazione, ragion per cui egli rifiuta la concezione della libertà come libertas indifferentiae, ma non la contingenza degli eventi e quindi neppure l'autodeterminazione dell'uomo. Nell'articolo si mostra come la posizione di Lutero al riguardo sia stata accolta da Leibniz e da Hegel. The article analyzes the relationship between natural and historical determinism on the on…

CRIMINOLOGY AND ECONOMIC IDEAS IN THE AGE OF ENLIGHTENMENT

2009

My purpose is to point out that during the Age of Enlightenment, and its later 19th century expressions, the most relevant works on law contain examples of economic ideas about criminal phenomena and their legal repression. I will comment the analytic conclusions to which the authors of the time got to, with reference to specific questions such as the definition of crime, the determination of punishment, the judicial procedure. I will take into account some of the most representative European writers: Montesquieu, Beccaria and Bentham. The authors I selected share the characteristic of being all exponents of utilitarianism and of presenting elements which forerun neoclassical economics in t…

Finanza e ricchezza. Alcune lezioni dalla storia (delle idee)

2010

Economic Theory and its History

2016

This collection of essays is a tribute to Neri Salvadori, the man and scholar, teacher and friend, whom the scientific community owes important works in the tradition of Piero Sraffa’s revival of the classical economists’ approach to the problems of value, income distribution, capital accumulation, technical progress, scarce natural resources, economic development and growth. The essays in this book have all been freshly written and contain original work with novel ideas in the areas mentioned.

Introduction

2016

This collection of essays is a tribute to Neri Salvadori, the man and scholar, teacher and friend, whom the scientific community owes important works in the tradition of Piero Sraffa’s revival of the classical economists’ approach to the problems of value, income distribution, capital accumulation, technical progress, scarce natural resources, economic development and growth. The essays in this book have all been freshly written and contain original work with novel ideas in the areas mentioned. In this introduction we first summarize briefly Neri Salvadori’s academic career, his work and his intellectual and organisational activities and then provide a short overview of the essays collected…