 Moneta, ciclo e risparmio forzato: il contributo analitico di Francesco Vito (Money, business cycles and forced savings: the analytical contribution of Francesco Vito)Michela Massaro
Il Pensiero Economico Italiano, 2007, vol. 15, issue 2, 69-89 Abstract: The aim of this paper is to analyse Francesco Vito’s role in the debate of the 1930s on economic fluctuations. This subject was debated over a long time, and it led to two main theoretical views. Firstly, an orthodox approach, which can be identified with the Austrian School. Secondly, an heterodox position, which culminated in Keynes’s General Theory. This paper analyses Vito’s theory of business cycles as it was formulated in this debate, and especially its peculiar emphasis on the role played by ‘notmonetary- led’ forced saving. His theories on the causes of cycles and forced saving make Vito a scholar close to the Austrian school. However he is constantly careful in criticizing some aspects of the Austrian theory and he developed original intuitions. In particular he was keen to admit that an increase in investments could be financed by shareholders, causing a particular kind of forced saving, namely self-financing saving Keywords: ciclo; risparmio forzato; Francesco Vito (business cycles; forced saving; Francesco Vito) (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pei:journl:v:15:y:2007:2:4:p:69-89 Access Statistics for this article Il Pensiero Economico Italiano is currently edited by Massimo Augello and Marco E. L. Guidi More articles in Il Pensiero Economico Italiano from Fabrizio Serra Editore, Pisa - Roma |
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