Economic Theory and Social Justice

There is a powerful and enduring economic tradition which holds that a paramount concern for economists should be the promotion of social justice. This book collects essays by many of the best known contemporary economists, in memory of Fausto Vicarelli, a leading figure in Keynesian economics. The contributors discuss the role of economic theory in tackling poverty and unemployment in both the developed and developing world and in promoting a new international economic order. The outstanding international team of contributors includes Anthony. B. Atkinson, Paul Davidson, Jan Kregel, James Tobin and Hyman P. Mynsky.

Autorentext

NICOLA ACOCELLA Professor of Economics Policy, Faculty of Economics, University of Rome I La Sapienza' ANTHONY B. ATKINSON Professor of Economics, Oxford University FRANCO BENTIVOGLI Former General Secretary, Italian Metalworkeers Federation, Rome PAUL DAVIDSON Professor of Economics, University of Tennessee MARCELLO DE CECCO Professor of Monetary Economics, Faculty of Economics, University of Rome I La Sapienza' ANTONIO FAZIO Governor of the Bank of Italy, Rome LUIGI FREY Professor of Labour Economics, Faculty of Economics, University of Rome I La Sapienza' NICOLA GENOVESE Associate Professor of Political Economy, Faculty of Economics, University of Messina CLAUDIO GNESUTTA Professor of Economics Policy, Faculty of Economics, University of Rome I La Sapienza' AUGUSTO GRAZIANI Professor of Political Economy, Faculty of Economics, University of Rome I La Sapienza' JAN A. KREGEL Professor of Economics, Faculty of Political and Social Sciences, University of Bologna PAOLO SYSLOS LABINI Emeritus Professor of Political Economy, Faculty of Statistics, University of Rome I La Sapienza' GIORGIO LUNGHINI Professor of Political Economy, Faculty of Economics, University of Pavia HYMAN P. MINSKY Late Professor of Economics, Jerome Levi Economics Institute, New York IGNAZIO MUSU Professor of Political Economy, Faculty of Economics, University of Venice GIANGIACOMO NARDOZZI Professor of Economics Policy, Faculty of Engineering, Polytechnic of Milan SERGIO PARRINELLO Professor of Mathematical Economics, Faculty of Economics, University of Rome I La Sapienza' ANTONIO PEDONE Professor of Public Finance, Faculty of Economics, University of Rome I La Sapienza' ROBERTO F. PIZZUTI Associate Professor of Economics Policy, Faculty of Economics, University of Rome I La Sapienza' GUIDO M. REY Professor of Economics Policy, Faculty of Economics, University of III ALESSANDRO RONCAGLIA Professor of Economics Policy, Faculty of Economics, University of Rome I La Sapienza' JAMES TOBIN Emeritus Professor of Economics, Yale University, Nobel Laureate in Economics, 1981 ANTONINO TRIPOLI President, Fausto Vixarelli Association, Rome STEFANO ZAMAGNI Professor of Political Economics, Faculty of Economics, University of Bologna

Inhalt
Preface; G. Gandolfo and F. Marzano List of the Contributors Fausto Vicarelli: A Personal Reminiscence; G.Gandolfo Introduction; F. Marzano Opening Address; A. Fazio PART I: THEORETICAL ANALYSES AND ACTUAL PROBLEMS Supply Constraints on Employment and Output: NAIRU Versus Natural Rate; J. Tobin , Comment; S. Parrinello , Comments; P. Labini On the Relevance of Keynesian Macroeconomics: A Reappraisal; I.Musu , Comment; A. Pedone PART II: PRESENT WORLD IMBALANCES AND THE NEED FOR A NEW INTERNATIONAL ORDER Vicarelli, Keynes's Vision of Capitalism, and Currency Speculation; P. Davidson , Comment; G. Gandolfo Unemployment and Social Needs; G. Lunghini, Comment; C. Gnesutta PART III: CAPITAL ACCUMULATION: REAL AND FINANCIAL ASPECTS Instability, Volatility and the Process of Capital Accumulation; J. Kregel , Comment; A, Graziani , Comment; G. Rey The Relevance of Keynes's Thought on Financial Markets; G. Nardozzi, Comment; M. De Cecco PART IV: SOCIAL CHOICES, ECONOMIC POLICY AND MORAL VALUES Setting and Monitoring Poverty Standards: Drawing on the Parallel with Macroeconomics; A. Atkinson , Comment; L. Frey Social Paradoxes of Growth and Civil Economy; S. Zamagni , Com ment; N. Acocella , Comment; A. Roncaglia , Comment; R. Pizzuti PART V: TESTIMONIALS A 'Letter to the Conference'; H. Minsky Miscellanea; A. Tripoli, F. Bentivogli, N. Genovese Closing Remarks; F. Marzano Index of Authors