We define public administrations (PAs) as productive units, and analyze the recent trends in PAs' productivity applying Sylos Labini's productivity function model. At the microeconomic level, we propose a model of government action for the production of public goods. At the macroeconomic level,...

Steindl's work on stochastic processes aims to describe the economy as in a state of imbalance, due to the fact that its starting conditions are an accident of history, and nobody has a clue what tomorrow will bring. This does not mean that we cannot imagine a balanced distribution - when the...

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 article is an introduction to the new issue of the Journal. It provides an overview of the current economic and financial situation and summarises the main topics dealt with by the following articles. Retrenchment of public expenditure is once again being called for by international agencies...

The short note introduces the articles published in this issue, placing the different contributions in the current socio-economic context.

The article reviews J.M.Keynes' Collected Works, recently republished in paperback edition. The author proposes a number of reading paths along the thirty-volumes strong collection, highlighting the development of Keynes' ideas and activities.

The article is an introduction to the new issue of the Journal. It provides an overview of the current economic and financial situation and summarises the main topics dealt with by the following articles.

The paper provides an introduction to the special issue in honour of Josef Steindl (1912-1993) celebrating the centennial anniversary of his birth. It illustrates Steindl's main themes of research - from applied macroeconomic analysis and the analysis of the trade cycle to the role of oligopoly...

With the financialization of the economy, increasing reliance has been put on statistical models for derivatives pricing and for risk assessment in the day-to-day business of financial operators as well as in financial regulation. This practice had already been criticized from many quarters and...

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...