Quanto Keynes c’è in Franco Modigliani?

Luigi Pasinetti ()
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Luigi Pasinetti: Università Cattolica del Sacro Cuore, Istituto di teoria economica e metodi quantitativi, Milano

Moneta e Credito, 2005, vol. 58, issue 230-231, 21-41

Abstract: Modigliani was perceived importance of the General Theory of Keynes even before begin to study economics. After becoming an economist by profession, thanks to his research, both theoretical and applied, its teaching, its recommendations to combat mass unemployment, Modigliani became known worldwide as one of the greatest Keynesian economists. Yet there are many essential elements of the General Theory of Keynes that in the works of Modigliani are not. In this lesson we show how his effort - to use his own expression - to "digest" the innovative ideas of Keynes in the more traditional Walrasian theory lead to the loss of more genuinely revolutionary ideas of Keynes. The author claims - referring to some personal memories - that the belief of Keynes to the need to build a new "monetary theory of production" remains as relevant today as it was at the time it was proposed. More than trying to "digest" the Keynesian revolution, we should try to bring it fully to fruition.

Keywords: Franco Modigliani; Keynes; disoccupazione di massa; teoria walrasiana; teoria monetaria della produzione (search for similar items in EconPapers)
JEL-codes: E24 E60 (search for similar items in EconPapers)
Date: 2005
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