Messori’s paper analyzes the impact of the recent crises on the teaching of macroeconomics. In contrast with what happened during the Thirties, today we do not have a new macroeconomic paradigm. This is why the mainstream textbook of Blanchard, Amighini, Giavazzi (2010) remains irreplaceable...

[eng] This paper aims to show the evolution in the research project pursued in the first twenty issues of the Cahiers d'économie politique (CEP). First, I stress that the coherence of this project is due to the organization in the research work and to the consequent definition of the research...

[fre] Dans son article, La théorie de la demande effective chez / ?. Torrens (cf. ci- dessus), C. Benetti avance la thèse que l'originalité de l'analyse de Torrens réside dans les concepts de demande effective et de surproduction générale. Toutefois, Benetti juge la démonstration de la...

[eng] The analysis of the capitalist process of accumulation is deeply examined by Marx, Keynes and Schumpeter. To compare the theories of these three authors requires, in particular, to analyze the financing of and the changes in the production activity. In this paper we sum up, first, the...

In this paper we analyze the effects of adverse selection due to asymmetric information on the optimizing behavior of risk neutral firms and banks in a competitive loan market. Realized film returns have the monotone likelihood ratio property (MLRP) with respect to quality, in the sense of...

The Italian banking system has successfully faced the impact of financial crisis but will suffer the effects of the «real» crisis on firms’ solvency and, consequently, has to raise additional cash funds.The use of securitization is an effective alternative to facilitate the flow of funds to...

Michal Kalecki's theory does not offer a straight distinction between investment financing and production financing. In particular, it does not stress enough that firms need financing to carry out their production. This fault is shared by a number of post-Keynesian authors; hence, it also...