After a brief critical evaluation of the main non-mainstream lines of analysis of income distribution (Kaldor’s and related models connecting income distribution to growth, Sraffa’s "Keynesian" suggestion of a link between the interest rate and the rate of profits, the "Kaleckian" degree of...

Mainstream views concerning the uselessness or usefulness of HET are illustrated. These rely on a hidden assumption: a ‘cumulative view' according to which the provisional point of arrival of contemporary economics incorporates all previous contributions in an improved way. Critiques 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...

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 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...

The article is part of the special issue of the journal, including the proceedings of the conference "Albert Hirschman scienziato sociale" held in Rome at the Accademia Nazionale dei Lincei. The author briefly recalls Hirschman's many relations to Italy: both family and professional and academic...

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...

After recalling the existence of two competitive approaches to economics, the "subjective" and the "objective" one, and the main stylized facts about the energy sector,the paper critically examines different versions of "mainstream" economics of oil and sketches an alternative approach, based on...