A Compendium of Italian Economists at Oxbridge (eBook)

Mauro Baranzini is Professor at the University of Lugano, Switzerland, which he helped to found in 1996. In 1971 he was awarded a Florey fellowship of The Queen’s College, Oxford, where from 1975 to 1984 he was Lecturer in Economics. He contributed widely to the Cambridge theory of income and wealth distribution.Amalia Mirante is Lecturer in Economics at the University of Lugano, Switzerland and at the University of Applied Sciences and Arts of Southern Switzerland. She has published several papers on economic theory, and a textbook on macro-economics.

Preface 6
Contents 8
1: Introduction 14
1.1 The Historical and Factual Background 14
1.2 The Structure of this Volume 15
1.3 The Circulation of Ideas and Cross-Fertilization 17
Bibliography 18
2: The Oxonian-Italian School of Economics, 1950 to About 1990 19
2.1 Who’s Who 19
2.2 Luigi L. Pasinetti: The Frontrunner at Oxford. Studentship and Research Fellowship at Nuffield College, 1959–60 and 1960–61 21
2.3 Italian Economists and John Hicks 26
2.3.1 Introduction 26
2.3.2 Rainer Stefano Masera 29
2.3.3 Stefano Zamagni 30
2.3.4 Mario Amendola 33
2.3.5 Piero Ferri 36
2.3.6 Annalisa Cristini 37
2.3.7 Carlo Dell’Aringa 38
2.3.8 Augusto Schianchi 38
2.3.9 Roberto Cippà and Vinicio Guidi 39
2.3.10 Carlo Casarosa 42
2.3.11 Andrea Maneschi 44
2.3.12 On Carlo Casarosa Again 44
2.3.13 Giacomo Vaciago 46
2.3.14 Alessandro Vercelli 47
2.4 Building on the ‘Exchange’ and ‘Production’ Paradigm: Alberto Quadrio Curzio and Roberto Scazzieri 48
2.5 Italian Economists on Roy Harrod 50
2.6 Italian Graduate Students at Nuffield College (1970–95) 52
2.6.1 Imperfect Competition and General Equilibrium Models 52
2.6.2 Carlo Luigi Beretta 53
2.6.3 Gianpaolo Rossini 54
2.6.4 Flavio Delbono 54
2.6.5 Vincenzo Denicolò 55
2.6.6 Gianni De Fraja 55
2.6.7 Luigi A. Franzoni 56
2.6.8 Carlo Scarpa 56
2.6.9 Luca Lambertini 56
2.6.10 Gian Cesare Romagnoli 57
2.6.11 On Some Analytical Results 57
2.6.12 Elettra Agliardi 58
2.6.13 Models of Saving and Accumulation: The Flemming-Mirrlees (-Hicks-Kaldor-Pasinetti) Approach 59
2.7 Italian Economists at Oxford Building on Production Theory 62
2.7.1 Introduction 62
2.7.2 Roberto Scazzieri 62
2.7.3 Mario Morroni 67
2.7.4 Antonio Andreoni 68
2.8 Italian Scholars at Michael Bacharach’s Bounded Rationality in Economic Behaviour Unit 70
2.8.1 Daniele Giovanni Zizzo 71
2.8.2 Michele Bernasconi 71
2.9 Other Distinguished Italian Scholars Who Undertook Research at Oxford 72
2.9.1 Pierluigi Ciocca 72
2.9.2 Stefano Mieli 73
2.9.3 Renato Balducci 73
2.9.4 Francesca Sanna-Randaccio 74
2.9.5 Mario Biagioli 74
2.9.6 Paolo Piacentini-Karnizawa 75
2.9.7 Michele Morciano 76
2.9.8 Bruno Salituro 76
2.9.9 Lia Fubini 76
Bibliography 77
3: The Cantabrigiensis-Italian School of Economics (1950–1990) 83
3.1 Who’s Who 83
3.2 Piero Sraffa: The Neo-Ricardian School and the Capital Controversy 85
3.2.1 Introduction 85
3.2.2 Piero Sraffa 86
3.2.3 Pierangelo Garegnani 89
3.2.4 Alessandro Roncaglia 90
3.2.5 Domenico Mario Nuti 92
3.2.6 Salvatore Biasco 93
3.2.7 Sebastiano Brusco 94
3.2.8 Giorgio Gilibert 94
3.2.9 Giancarlo De Vivo 95
3.2.10 Antonietta Campus 96
3.2.11 Fabio Petri 96
3.2.12 Mario Tonveronachi 97
3.2.13 Roberto Ciccone 98
3.2.14 Fabio Ranchetti 98
3.3 Luigi L. Pasinetti: Back to King’s College from Oxford, October 1961 102
3.3.1 Pasinetti on Profit Determination, Income Distribution and Capital Accumulation 103
3.3.1.1 The Introduction of a Differentiated Rate of Return on Savings for the Classes 104
3.3.1.2 The Introduction of the Monetary Sector and of Portfolio Choice 105
3.3.1.3 The Stability Analysis and the Long-Term Properties of the Model 105
3.3.1.4 The Introduction of a Public Sector 106
3.3.1.5 The Introduction of the Micro-Foundations into the Model 107
3.3.1.6 The Distribution of Wealth and the Income Shares of the Economic Classes 107
3.3.1.7 Other General Aspects of the Kaldor/Pasinetti Model 107
3.3.2 Pasinetti on Capital Theory 109
3.3.3 Pasinetti on Structural Dynamics and Vertical Integration 113
3.3.4 Pasinetti on the Pure Labour Theory of Value 116
3.4 Other Post-Keynesian Economists 118
3.4.1 Introduction 118
3.4.2 Nino (Beniamino) Andreatta 119
3.4.3 Paolo Leon 122
3.4.4 Fernando Vianello 124
3.4.5 Ferdinando Targetti 125
3.4.6 Joseph Halevi 126
3.4.7 Massimo Ricottilli 128
3.4.8 Anna Carabelli 129
3.4.9 Maria Cristina Marcuzzo 129
3.4.10 Claudio Sardoni 130
3.4.11 Ferruccio Marzano 132
3.5 Alberto Quadrio Curzio’s Contribution to the Cambridge-Italian School of Economics 133
3.5.1 Rent and Income Distribution in Multi-sectoral Models of Economic Structure 134
3.5.2 Quadrio Curzio on Horizontal and Vertical Approaches for the Analysis of Economic Structure 137
3.5.3 Quadrio Curzio on Accumulation of Capital, Residuals and Uneven Economic Dynamics 139
3.6 Richard Stone and Italian Speaking Economists 143
3.6.1 The Framework of Analysis 143
3.6.2 Luigi L. Pasinetti Building on Stone’s Foundations 145
3.6.3 Paolo Costa and GianDemetrio Marangoni Building on Stone (and Leontief) 148
3.6.4 Luigi Solari and the School of Geneva on Stone 149
3.7 Richard M. Goodwin and the Italian School of Economics 152
3.8 From Oxford to Cambridge, and from Production Theory to Structural Change, Economic Dynamics and More: Roberto Scazzieri 157
3.9 Lilia Costabile: From the School of Naples to the Cambridge School of Economics 162
3.10 Pier Luigi Porta: From the Lombard Enlightenment to the Cambridge School of Economics 165
3.11 Institutions, Different Economic Settings and Gender Economics 169
3.11.1 Introduction 169
3.11.2 Ugo Pagano 170
3.11.3 Francesca Bettìo 171
3.11.4 Antonella Picchio del Mercato 172
3.11.5 Giuliana Campanelli 173
3.11.6 Annamaria Simonazzi 174
3.11.7 Paola Villa 175
3.12 Oxbridge-Italian Scholars and the History of Economic Analysis 175
3.13 The (Scientific) Biographers 180
Bibliography 181
4: The Celebration of Oxbridge Scientists by Italian Economists and Institutions 205
Bibliography 211
5: The Influential Role of Oxbridge Italian Economists in Science and Civil Society 212
5.1 Società Italiana degli Economisti (SIE) 212
5.2 Lincei Academy (Accademia Nazionale dei Lincei, Roma) 213
5.3 Three Generations 215
6: Conclusions 218
Bibliography 220
Name Index 275
Subject Index 286