Sulle condizioni per una rivoluzione della teoria e della politica economica (On the conditions for a revolution of economic theory and policy)

Emiliano Brancaccio

Moneta e Credito, 2019, vol. 72, issue 287, 197-206

Abstract: In linea con la tradizione del Massachusetts Institute of Technology di cui fanno parte, i modelli macroeconomici mainstream di Olivier Blanchard possono essere sottoposti a un ribaltamento logico in grado di renderli compatibili con schemi alternativi che rifiutano la teoria neoclassica dei prezzi come indici di scarsità e il nesso tra produzione e distribuzione che da essa scaturisce. Tale ribaltamento logico sembra in grado di offrire una più solida base teorica alla rivoluzione della politica macroeconomica recentemente invocata da Blanchard e Summers, che viene qui sottoposta a un esame critico. In line with the Massachusetts Institute of Technology tradition to which they belong, the macroeconomic models by Olivier Blanchard may be subjected to a logical reversal capable of making them consistent with those alternative schemes that reject the neoclassical theory of prices as scarcity indexes and the link between production and distribution resulting from it. This logical reversal seems able to offer a more solid theoretical basis for the macroeconomic policy revolution recently invoked by Blanchard and Summers, critically examined here, than the authors' own schemes.

Keywords: Macroeconomic theory and policy; theories of prices and distribution; capitalism and socialism (search for similar items in EconPapers)
JEL-codes: B5 D33 E1 E6 (search for similar items in EconPapers)
Date: 2019
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