Teacher
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CICCONE ROBERTO
(syllabus)
1. Savings-investment equilibrium and aggregate product level in neoclassical theory and in the aggregate demand approach of Keynesian origin 2. The investment function elastic to the interest rate as a derivation of the function of demand for capital; applicability to the investment function of the criticism of the neoclassical theory of capital. Attempts to identify alternative analytical bases for the relationship interest rate-investments. 3. Savings, investment and productive capacity: long-run relationships in an alternative theoretical approach 4. Aggregate demand, overall output and savings formation: implications for economic policies, with particular regard to public debt
(reference books)
- G. Ackley, Macroecnomic theory and policy, Macmillan, 1978, pp. 170-3, pp. 254-6, pp. 622-5 - J. Robinson, Introduction to the Theory of Employment, Palgrave Macmillan 1969, pp. 6-11, 15-29 - P. Garegnani, "Notes on consumption, investment and effective demand", part I, Cambridge Journal of Economics, 1978, sects. 6 and 7, pp. 348-53 - F. Petri, General Equilibrium, Capital and Macroeconomics, Edward Elgar, 2004, pp. 267-69 - M. Kalecki, "The principle of increasing risk", Economica, 1937, pp. 440-6- R. Ciccone, “Accumulation and capacity utilization: some critical considerations on Joan Robinson’s theory of distribution”, in Political Economy, n. 1, 1986 (available online at http://www.centrosraffa.org , entry ‘From the archives’), pp. 26-29 - P. Garegnani, “Some Notes for an Analysis of Accumulation”, in E.J Nell, D. Laibman, J. Halevi (eds), Beyond the Steady State, Macmillan, 1992, pp. 50-53 - R. Ciccone, “Public Debt and Aggregate Demand: Some Unconventional Analytics”, in S. Levrero, A. Palumbo and A. Stirati (eds), Sraffa and the Reconstruction of Economic Theory, Palgrave Macmillan, 2013, Vol. 2, paras. 1.1-1.5, pp. 15-33 and footnotes pp. 38-43 - Materials distributed by the teacher
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