The Role of Genoese Economists in the Introduction of Keynesian Thought in Italy

Giuseppe Mastromatteo
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Giuseppe Mastromatteo: Department of Economic Policy, Università Cattolica del Sacro Cuore, Milan, Italy

Economia Internazionale / International Economics, 2021, vol. 74, issue 3, 281-292

Abstract: The acclimatization process of Keynesian thought in Italy was long and complex. Several Genoese economists participated in it. In this work, taking as a reference two professors from the University of Genoa, Vittorio Sirotti and Luciano Stella, it is shown how this participation was divided into two phases. In a first phase, exemplified by the studies of Vittorio Sirotti, the attempt to reconcile the Keynesian theory with that of the Lausanne school was prevalent. In a second phase, when the acceptance of Keynesian theory in Italy was by now consolidated, the concern prevailed, evident in the studies of Luciano Stella, to extend this theory from a closed economy to an open economy. Il processo di acclimatamento del pensiero keynesiano in Italia fu lungo e complesso. Ad esso parteciparono diversi economisti genovesi. In questo lavoro, prendendo a riferimento due professori dell’Università di Genova, Vittorio Sirotti e Luciano Stella, si mostra come questa partecipazione si articolò in due fasi. In una prima fase, esemplificata dagli studi di Vittorio Sirotti, fu prevalente il tentativo di conciliare la teoria keynesiana con quella della scuola di Losanna. In una seconda fase, quando l’accettazione della teoria keynesiana in Italia era ormai consolidata, prevalse la preoccupazione, evidente negli studi di Luciano Stella, di estendere questa teoria da un’economia chiusa ad un’economia aperta.

Keywords: Keynes; Italian Economists (search for similar items in EconPapers)
JEL-codes: B20 B30 (search for similar items in EconPapers)
Date: 2021
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