Italian Abstract: La lettera, datata 14 settembre 1956, inizia una corrispondenza decennale tra Franco Modigliani e Paolo Sylos Labini. Qui Modigliani discute a lungo una prima bozza del libro di Sylos Labini sulla teoria dell'oligopolio. Diversamente dalla ben nota recensione del libro di...

Italian Abstract: La lettera, datata 14 settembre 1956, inizia una corrispondenza decennale tra Franco Modigliani e Paolo Sylos Labini. Qui Modigliani discute a lungo una prima bozza del libro di Sylos Labini sulla teoria dell'oligopolio. Diversamente dalla ben nota recensione del libro di...

Italian Abstract: Introducendo la pubblicazione di una lunga lettera del 1956 di Franco Modigliani (FM) a Paolo Sylos Labini (PSL) sulla stesura del libro di PSL, Oligopolio e Progresso Tecnico, la rivista rivede criticamente il background teorico dei commenti di FM, mostrando come le radici il...

English Abstract: The article compares the analyses of money supply by Augusto Graziani and Paolo Sylos Labini. Both authors criticised neoclassical monetary theory, highlighting the endogenous nature of money supply. However, they explained the sources of money supply differently, in view of...

The DSGE models are based on hypotheses that have the effect of excluding the possibility of severe financial and economic crises with the consequent policy implications going in the laissez-faire direction. The hypothesized unique and stable equilibrium in combination with rational expectations...

The financial and economic crisis brings to a reconsideration of macroeconomics: as it happened in the past, after the Great Crash of 1929 as well as after the Second World War and after the collapse of the Bretton Woods system in 1971 and the subsequent oil crisis. A brief critical survey of...

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 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,...