According to Bhagwati the really fundamental innovation in the oligopoly theory came with the realization that oligopoly must deal with ‘potential' competition as distinct from ‘actual' competition. Paolo Sylos Labini's "Oligopoly Theory and Technical Progress" (1957) is considered one of...

Paolo Sylos Labini's Oligopoly Theory and Technical Progress (1957) is considered one of the major contributions to entry-prevention models, especially after Franco Modigliani's famous formalization. Nonetheless, Modigliani neglected Sylos Labini's major aim when reviewing his work (1958),...

Paolo Sylos Labini's Oligopoly Theory and Technical Progress (1957) is considered one of the major contributions to entry-prevention models, especially after Franco Modigliani's famous formalization. Nonetheless, Modigliani neglected Sylos Labini's major aim when reviewing his work (1958),...

The article reconstructs how the Phillips curve was embedded into the Fed-MIT-Penn macroeconometric model of the late 1960s. My aim is to integrate James Forder's (2014) narrative about the Phillips curve myth by looking at the macroeconometric model that should have been devoted to guide the...

The paper investigates how the Fed-MIT-Penn model incorporated the Phillips curve within its larger system of equations, after Milton Friedman's Presidential Address. Forder (2014) reconstructs the history of the Phillips curve's parabola arguing that the standard narrative is a myth; a myth he...

Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Contents -- Introduction: Modigliani's Keynesianism and beyond -- 1 Modigliani before Modigliani -- 2 Approaching Keynes and American Keynesianism -- 3 Keynesian economics in between corporative and socialist economics -- 4...