Download Economic Theory and Social Justice by Giancarlo Gandolfo, Ferruccio Marzano PDF

By Giancarlo Gandolfo, Ferruccio Marzano

There is a robust and enduring financial culture which holds paramount quandary for economists will be the promoting of social justice. This e-book collects essays by way of some of the most sensible recognized modern economists, in reminiscence of Fausto Vicarelli, a number one determine in Keynesian economics. The individuals speak about the position of monetary concept in tackling poverty and unemployment in either the built and constructing global and in selling a brand new overseas financial order. the exceptional foreign workforce of participants contains Anthony. B. Atkinson, Paul Davidson, Jan Kregel, James Tobin and Hyman P. Mynsky.

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Nardozzi concludes that a continuous attempt to understand and explain present and future trends in financial markets must pursue a parallel analysis of the actual behaviour of prices of different assets and of the interpretation of events which derives from the opinions of transactors, analysts and institutions, who daily operate in each market, both at the level of each relevant country and at the international market level. In the fourth Part on 'Social Choices, Economic Policy and Moral Values', Anthony Atkinson's paper very interestingly outlines a proposal for a definite policy recommendation concerning the establishment of an official poverty line and the reduction of poverty as an explicit policy objective.

A sufficient level of aggregate demand is necessary. In the European economies the prospects for investment growth in particular appear deficient. I ask the economists who are assembled here to help us better understand the phenomena that we are experiencing; I ask them to help us to devise models in which the real economy, the level of economic activity and employment are functionally integrated with a monetary economy, which, I repeat, is expanding significantly and achieving equilibrium above all at the intemationallevel.

The starting point is an historical analysis of how the evolution of economic doctrines in modern times has seen the separation of economics from political theory and, therefore, the abandonment by economic theory of the analysis of civil society and of its 'status' as the theory of civil economy. But nowadays the urge is towards the ending of such a separation, a task that Zamagni believes should coincide with the rebuilding of 'the foundations of an economic constitution of civil society'. To this end proper account is to be taken of the fact that - in his words - 'civil society is the ideal-typical place to foster dispositions to trust; not so the private market which is instead a trust-consumer'.

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