The article examines a previous contribution to the problems of economic dualism by Vera Lutz, which represents a new and independent approach. The author first moves some criticisms to Lutz' diagnosis of dualism, trying to show that the emphasis laid by her on the wage level as a cause of...

Modigliani became interested in Keynes's General Theory even before knowing anything about economics. After becoming a professional economist, through his research both theoretical and applied, his teaching, his policy recommendations to fight mass unemployment, Modigliani became worldwide known...

The paper examines the influence of Modigliani's contributions to the theory of finance. As for the term structure of interest rates, the preferred habitat theory, had a mixed fortune: it was utilized by financial managers for a rather long time, before being discarded in the 1980s and, perhaps,...

The paper reviews some of the most important results of the LCH for understanding individual and aggregate saving behaviour. It then turns to the implications for fiscalpolicy and social security, highlighting Modigliani's seminal contributions. Over time competing theories have emerged, and...

In this address to the Accademia dei Lincei, the author discusses the development of Modigliani's thinking, with special reference to the themes of money, monetary policy and economic policy in general, the main aspects of which were an integral part of the Bank of Italy's first econometric...

Franco Modigliani's first published paper became one of the basic documents of modern Keynesian economics. In it he formalized the model (or at least one model) implicit in The General Theory. Modigliani argued that the characteristic Keynesian conclusions rest fundamentally on the (realistic)...

This paper reviews and discusses the contribution by Franco Modigliani to macroeconomic model building for economist forecasting and policy making. As Paul Samuelson observed, Modigliani's theoretical work was fundamental in the development of the basic framework within which the "post-Keynesian...

In the 1950s, Modigliani proposed a theory of spending in which people make intelligent choices about their spending at each age limited by the resources available over their lives. By using assets and debts, working people can provide for their retirement and tailor their spending to their...

Luigi Einaudi was a well-known economist in Italy and abroad, a very prolific journalist, a great public figure particularly after the end of the Second World War. As his thoughts and writings were permeated with a solid liberalism, he was keen on looking for constraint on the State's absolute...

The paper is a contribution to a series of recollections and reflections on the professional experiences of distinguished economists which the Banca Nazionale del Lavoro Quarterly Review started in 1979. Hargourt describes is becoming an economist and subsequent academic life as a "Christian...