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The links between economic theory and the history of economic thought. Graziani from general equilibrium analysis to the theory of the monetary circuit

Lilia Costabile

STUDI ECONOMICI, 2014, vol. 2014/112, issue 112, 53-71

Abstract: Augusto Graziani?s theoretical work is closely intertwined with his ceaseless virtual dialogue with the economists of the past. Here I propose a novel investigation of the links that connect his theoretical work with his studies in the history of economic thought. I consider how the evolution of Graziani?s own theoretical approach went hand in hand with his studies on other economists and schools of thought, from his early analysis of General Equilibrium Theory to the Theory of the Monetary Circuit. Walras, Pareto, Barone, Knight, Hayek, Hicks, Fu?, Malthus, Marx, Wicksell, Schumpeter, Robertson, Fanno, Keynes are some, but by no means all, of the authors to whom Graziani devoted his attention. I illustrate the relationships between their models and Graziani?s own theoretical framework. This investigation sheds light on Graziani?s critical approach to the history of the discipline, and on the very close association between the analytical and the conceptual dimensions of his work.

JEL-codes: B B31 D51 E40 E51 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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