The work compares the relative strenghts, in understanding the current crisis, of the Keynesian tradition with those of two non-Keynesian traditions: those which emphasise income inequality and those which emphasise power. In other words, Hobson and Marx.

The article is part of the special issue of the journal on Charles P. Kindleberger (CPK). The article first summarizes CPK's professional biography and his historical method. Then particular attention is devoted to the study of international relations and the international financial and economic...

The article is part of the special issue of the journal on Charles P. Kindleberger (CPK). By reviewing CPK's works the author investigates Kindleberger's historical economics analysis method. This is argued to be based on two elements: the analysis of the capitalist economies and, in particular,...

The article introduces the papers published in the present issue. It does so by elaborating a few comments on the role of institutions for economic development and how should economics analyse institutions.

This year the Italian economist Giacomo Becattini passed away. He reached international fame by starting the literature on so-called Marshallian industrial districts. Becattini developed the concept while empirically studying the economy of the province of Prato, in Tuscany, and discussed the...

The article reconstructs Luigi Spaventa's approach to economic policy. Spaventa contributed both to the theoretical and political debate on economic policy and as a member of Italy's Parliament and Government. The author focuses in particular on the implications for today's debate and practice...

The expansionary fiscal contraction thesis, that implies negative values for the fiscal multipliers, is criticised both from a theoretical and an empirical point of view. The most recent researches find multipliers of rather high positive values, in contrast with the rather low ones of the DSGE...

The article introduces the new issue of the journal, reviewing the contributions included therein, and placing them in context. The author discusses the recent trends in European economic policy, with specific focus on its neglected international and global spillovers.

The paper introduces to the special issue of the journal, devoted to Luigi Spaventa, former board member and frequent contributor to the journal, Italian MP and minister of the Budget. While most obituaries and recollections of Spaventa focus on his academic or political activities, the author...

The article introduces to the new issue of the journal by putting into context the various articles contained therein. It specifically deals with the recent changes of opinion and approach on the side of the IMF and several economists concerning fiscal policy and the appropriate response to the...