Franco Modigliani and Keynesian Economics

ISBN-13: 9781848935013 / Angielski / Twarda / 2020 / 176 str.

Antonella Rancan;¬Abar;¬Abar

Opis

Franco Modigliani was one of the most influential Keynesian economists of the twentieth century and won the Nobel Prize in 1985. This is the first book to place Modigliani's thought in its proper historical context, showing how it related to wider economic concerns and examining the social and political implications of his research.

Recenzje

"Antonella Rancan’s new book retraces the intellectual path of Franco Modigliani, from his early writings, including the famous article on Keynesian and classical economics (Modigliani 1944), to his contributions of the 1950s and 1960s.1 In this way, Rancan offers relevant insights into the origins and development of the neoclassical synthesis of Keynesian macroeconomic thinking."

"It stands to Rancan’s credit that she traces the foundations of Modigliani’s Keynesian belief in discretionary economic policy as a stabilising tool to his early convictions as student and young researcher. As Rancan makes clear, it is on the terrain of empirical analysis, economic policy and value judgements, rather than on the strictly theoretical ground, that Modigliani’s Keynesianism is defined."

Paolo Paesani

Review of Political Economy

Spis treści

Introduction Chapter 1: Modigliani before Modigliani Chapter 2: Approaching Keynes and American Keynesianism Chapter 3: Keynesian economics in between corporative and socialist economics Chapter 4: Modigliani at the University of Illinois: "The Bowen war" and McCarthyism Chapter 5: Uncertainty and Expectations: Modigliani at Carnegie Tech Chapter 6: The life cycle savings in an unstable system Chapter 7: Becoming Keynesian Index

O autorze

Antonella Rancan is Associate Professor of Economics at University of Molise, Italy.