The aim of this paper is to look at a basic issue when confronting the mediocrity of the employment situation in the European Union: Which theoretical explanation should be adopted for explaining employment and unemployment levels? We discuss the variant of the "mainstream consensus"...

Introducing the publication of a long 1956 letter by Franco Modigliani (FM) to Paolo Sylos Labini (PSL) on the draft of PSL's book, Oligopoly and Technical Progress, the paper critically reviews the theoretical background of FM's comments, showing how the pre-Keynesian roots dominate the...

Introducing the publication of a long 1956 letter by Franco Modigliani (FM) to Paolo Sylos Labini (PSL) on the draft of PSL's book, Oligopoly and Technical Progress, the paper critically reviews the theoretical background of FM's comments, showing how the pre-Keynesian roots dominate the...

The paper introduces to the special issue of the journal, devoted to Luigi Spaventa, former board member and frequent contributor to the journal, Italian MP and minister of the Budget. While most obituaries and recollections of Spaventa focus on his academic or political activities, the author...

The article introduces to the new issue of the journal by putting into context the various articles contained therein. It specifically deals with the recent changes of opinion and approach on the side of the IMF and several economists concerning fiscal policy and the appropriate response to the...

The article is part of the special issue of the journal, including the proceedings of the conference "Albert Hirschman scienziato sociale" held in Rome at the Accademia Nazionale dei Lincei. The author briefly recalls Hirschman's many relations to Italy: both family and professional and academic...

The article is an introduction to the new issue of the Journal. It provides an overview of the current economic and financial situation and summarises the main topics dealt with by the following articles. Retrenchment of public expenditure is once again being called for by international agencies...

The short note introduces the articles published in this issue, placing the different contributions in the current socio-economic context.

The article reviews J.M.Keynes' Collected Works, recently republished in paperback edition. The author proposes a number of reading paths along the thirty-volumes strong collection, highlighting the development of Keynes' ideas and activities.