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An Institutional History of Italian Economics in the Interwar Period — Volume II
Italy is well known for its prominent economists, as well as for the typical public profile they have constantly revealed. But, when facing an illiberal and totalitarian regime, how closely did Italian economists collaborate with government in shaping its economic and political institutions, or work independently? This edited book completes a gap in the history of Italian economic thought by addressing in a comprehensive way the crucial link between economics and the fascist regime, covering the history of political economy in Italy during the so-called “Ventennio” (1922-1943) with an institutional perspective. The approach is threefold: analysis of the academic and extra-academic scene,...
Marxism and Historiography
Eminent Italian historian Giovanni Levi once notably remarked that “no one is a Marxist anymore,” pointing to a paradox in Italian cultural history. While what is called "Marxism" was supposedly hegemonic over Italian culture, and especially history writing, for decades in the postwar period, it then seems to have suddenly disappeared. This study questions such a vision of a monolithic and hegemonic Marxism. It starts from the most effective anecdote to all ideologising narratives—that is, research into the texts themselves. It sees the Marxist historiography of the post-1945 period as a "history in the making," in which references to Marxian theory were a fundamental factor driving historiographical innovation. This allows the book to bring to light a highly original experience in the development of historiography, based on the long Italian tradition of reflection on historical knowledge.
Economists and War
War and economic power have been interwoven in the thought of scholars since the beginnings of economic science, and views on the role of war in the economy have shifted dramatically as the world order has changed. The centenary of World War I has offered the opportunity for increased reflection on this topic, particularly as the war itself stimulated new directions for both research and the development of theory. Economists and War brings together expert contributors who are united in their commitment to exploring this classic subject from innovative and heterodox points of view. The chapters presented in the book delve into a wide range of perspectives from Japan in the Second World War an...
The Nationalist Dilemma
Nationalists think about the economy, Marvin Suesse argues, and this thinking matters once nationalists hold political power. Many nationalists seek to limit global exchange, but others prioritise economic development. The potential conflict between these two goals shapes nationalist policy making. Drawing on historical case studies from thirty countries – from the American Revolution to the rise of China – this book paints a broad panorama of economic nationalism over the past 250 years. It explains why such thinking has become influential, despite the internal contradictions and chequered record of many nationalist policy makers. At the root of economic nationalism's appeal is its ability to capitalise upon economic inequality, both domestic and international. These inequalities are reinforced by political factors such as empire building, ethnic conflicts, and financial crises. This has given rise to powerful nationalist movements that have decisively shaped the global exchange of goods, people, and capital.
The Changing Firm
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Monopoly Power and Competition
The innovative contributions of the Italian Marginalists - Pareto, Pantaleoni, De Viti de Marco and Barone, to economic theory have previously been overlooked. This is the first book to deal with the history of the theory of market power and of its relation with competition, focusing on the distinct intellectual tradition that is Italian Marginalist economic thought. Monopoly Power and Competition is a vital resource for historians of economic thought, as it explores a relatively untouched area of microeconomics that sheds light on the theories surrounding monopoly power and barriers to entry.
The Capital Order
A Financial Times Best Book of the Year "A must-read, with key lessons for the future."—Thomas Piketty A groundbreaking examination of austerity’s dark intellectual origins. For more than a century, governments facing financial crisis have resorted to the economic policies of austerity—cuts to wages, fiscal spending, and public benefits—as a path to solvency. While these policies have been successful in appeasing creditors, they’ve had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question remains: What if solvency was never really the goal? In The Capital Order, p...
The History of Italian Marxism
In The History of Italian Marxism, Paolo Favilli offers an articulated analysis of the different levels at which Marx's ideas - and 'Marxism' as a doctrinal 'system' - were received in Italy from the time of the First International up till the eve of the First World War. Rejecting any linear understanding of the relation between Marx's texts and the assumption of Marxism as the ideology of the burgeoning workers' movement, Favilli explores the growth of different forms of Marxist culture through the period of the Paris Commune, the late-nineteenth-century debate on 'revisionism', and the rise of revolutionary syndicalism. Asking in each case whether 'Marxism' meant a science, an ideology, a way of doing politics, a utopia, a myth or a religion, Favilli goes on to assess which of these 'Marxisms' died with, and which have survived, the 'crisis' at the end of the twentieth century. With a new preface to the English edition. First published in Italian as Storia del marxismo italiano: dalle origini alla grande guerra, FrancoAngeli s.r.l. Milan, 1996.
Markets in the Name of Socialism
The worldwide spread of neoliberalism has transformed economies, polities, and societies everywhere. In conventional accounts, American and Western European economists, such as Milton Friedman and Friedrich von Hayek, sold neoliberalism by popularizing their free-market ideas and radical criticisms of the state. Rather than focusing on the agency of a few prominent, conservative economists, Markets in the Name of Socialism reveals a dialogue among many economists on both sides of the Iron Curtain about democracy, socialism, and markets. These discussions led to the transformations of 1989 and, unintentionally, the rise of neoliberalism. This book takes a truly transnational look at economists' professional outlook over 100 years across the capitalist West and the socialist East. Clearly translating complicated economic ideas and neoliberal theories, it presents a significant reinterpretation of Cold War history, the fall of communism, and the rise of today's dominant economic ideology.
