Upon leaving Tuscany to become Holy Roman Emperor, Leopold II left some notes (1790) that prove very interesting to today’s economist. They show how a holistic approach to the socio-economic characteristics of a region should always be considered, starting from a people’s spirit, or...

Italian Abstract: Dopo aver lasciato la Toscana per diventare imperatore del Sacro Romano Impero, Leopoldo lasciò alcuni appunti (1790) che si rivelarono molto interessanti per l'economista di oggi. Mostrano come dovrebbe essere sempre considerato un approccio olistico alle caratteristiche...

The letter, dated 14 September 1956, starts a decade long correspondence between Franco Modigliani and Paolo Sylos Labini. Here Modigliani discusses at length a first draft of Sylos Labini’s book on oligopoly theory. Differently from Modigliani’s well known 1958 review of the book,...

Article originally published in Moneta e Credito, vol. 26 n. 104, December 1973, pp. 308-335.

The article is a revised version of a speech the author gave at a conference in memory of Paolo Baffi, former Governor of Italy's Central Bank. The author recalls his personal experience at the Banca d'Italia and his intellectual exchanges with the Governor and other leading officers, within the...

The article introduces the special issue on Paolo Sylos Labini's contributions published in "Astrolabio", the Italian review founded and edited by Ferruccio Parri in 1963. The editor, guest editor of the current issue, explains the rationale of his selection of articles and discusses the...

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...

Contribution to a series of recollections and reflections on professional experiences of distinguished economists. Article originally published in vol. 39 n. 159 of Banca Nazionale del Lavoro Quarterly Review.

In the early '50s, Franco Modigliani and his student Richard Brumberg elaborated a theory of expenditure based on the idea that individuals make smart choices about how they want to spend at any age, with the only limit of the available resources in the course of their lives. Through the...

I met Franco Modigliani in 1948. We had common interests in three fields of economics - Keynes and unemployment, the relationship between monetary mechanisms and the real, forms of market and price formation, in two other fields, widely explored by Modigliani, the common interest was less - I am...