L'importanza della teoria economica per il benessere e la crescita economica (The importance of economic theory for economic growth and wellbeing)

Bertram Schefold ()
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Bertram Schefold: University J.W. Goethe, Frankfurt am Main

Moneta e Credito, 2020, vol. 73, issue 290, 155-179

Abstract: A permettere il primato economico europeo in epoca moderna non sono stati solo la collocazione geografica, la tecnologia, e la competizione tra nazioni, ma anche la conoscenza economica. Diffusa a partire dal medioevo come conoscenza tacita e pratica, questa è gradualmente divenuta conoscenza esplicita e teorica, e ha contributo alla formazione delle istituzioni e alla percezione dell'attività economica. Il lavoro considera tre esempi: il dibattito sull'usura durante la Riforma, la teoria monetaria e lo sviluppo delle banche nel XIX secolo, e l'ordoliberalismo e il processo di unificazione europea. It was not only the geographical location, technology, and competition among nations that gave Europe its economic supremacy in modern times. The growth of economic knowledge, was relevant too. Since the late Middle Ages, it has spread as tacit practical knowledge, then gradually as theoretical and explicit knowledge. It helped forming institutions and shaping the perception of economic activity. The essay considers three examples: the usury debate during the Reformation, monetary theory and bank development in the 19th century, and Ordoliberalism and the process of European unification.

Keywords: economic thought; development; economic growth; Europe (search for similar items in EconPapers)
JEL-codes: A11 B11 O15 (search for similar items in EconPapers)
Date: 2020
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