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Pierangelo Garegnani: le implicazioni di politica economica della critica dell’economia politica
Journal Title: QA Rivista dell’Associazione Rossi-Doria 
Author/s: Antonella Palumbo, Attilio Trezzini 
Year:  2011 Issue: Language: Italian 
Pages:  14 Pg. 143-156 FullText PDF:  736 KB
DOI:  10.3280/QU2011-004005
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Pierangelo Garegnani: Policy Implications of the Critique of Political Economy Notwithstanding his fundamental contribution to the critique of the neoclassical notion of capital, we maintain that Pierangelo Garegnani’s research has been especially characterized by the reconstruction of an alternative approach to economics. Following Sraffa’s lead, Garegnani found such an alternative approach in the Classical theory of value and distribution, and put forward a Classical-Keynesian theory for output determination. In this approach, prices are not scarcity indexes, the absence of any spontaneous tendency to full employment abolishes optimality of market economies, income distribution results from social − not natural − forces. The policy implications of this approach are considered.
Keywords: Pierangelo Garegnani, Piero Sraffa, Capital theory, Classical surplus approach, Effective demand
Jel Code: B320, D300, D460, E110

Antonella Palumbo, Attilio Trezzini, in "QA Rivista dell’Associazione Rossi-Doria" 4/2011, pp. 143-156, DOI:10.3280/QU2011-004005


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