This paper will critically discuss traditional growth theory by using, as a reference, the main results obtained by Luigi Pasinetti's approach based on vertically integrated processes. It will be argued that theories centred on one commodity models, whether a Ricardo-Marx or Ramsey variety,...

This paper, written in memory of the distinguished Italian economist and philosopher Claudio Napoleoni, discusses the relation between the pre World War One Marxian debate known as the breakdown controversy and the contemporary evolution of Post-Keynesian economics.

The aim of this paper is to show and discuss the connections between the circuitiste approach developed in France and in Italy and Post-Keynesian economics. These two strands intersect systematically with a number of streams forming the Post-Keynesian body of ideas. We view this strand as a...

This paper argues that accumulation and growth both in Europe and Asia has been sustained by external factors represented by the international level of public expenditure generated by the United States mostly for military and political reasons. Both areas, although through different mechanisms,...