Power and Economics in Italy: From the Social Conflicts of the 1970s to the Euro-Crisis

Piero Bini ()
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Piero Bini: University of Florence

Chapter 13 in Power in Economic Thought, 2018, pp 349-381 from Palgrave Macmillan

Abstract: Abstract Bini analyses the multifaceted issue of power in relation to the major economic events occurring and studies performed in Italy from 1970 to 2014. Dividing this time span into three sub-periods, he explores the relative emergent powers for each of them: the power of the workers in the 1970s, of the Italian Central Bank in the 1980s and of the Maastricht rules from the 1990s. The chapter seeks to ascertain how it is that the manifestations of power in Italy very often failed to activate adequate economic counter-powers, thereby generating asymmetric processes of change, unfavourable to growth. The author also explores the Italian economists’ contributions to analysis of the issue of power from the point of view of economic theory and economic policy.

Keywords: Maastricht Rules; Italian Central Bank; Italian Economy; Fiscal Deflation; Sraffa (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-319-94039-7_13

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DOI: 10.1007/978-3-319-94039-7_13

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