452 research outputs found

    Introduction

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    Prefazione

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    Esame dei contributi al più completo volume dedicato all'impatto della nuova disciplina comunitaria (MiFID) per il settore del risparmio gestito e per il mercato finanziario italian

    John Bates Clark: The first American marginalist as a social economist

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    We analyze the content of four articles by John Bates Clark published between 1878 and 1887, during his Christian Socialist period in order to show that next to the marginalist Clark and beyond the neoclassical principles outlined in The Distribution of Wealth, the whole Clark's work is a strongly coherent body, deeply rooted in positions less extreme than the ones held by more reformer-minded economists like Richard T. Ely or John R. Commons containing an array of different contributions to political economy displaying a certain originality and coherence, and enrolling in a thematic environment that today would be broadly defined as social economy. In particular, the main ideas emerging from this selection of papers are his organismic idea of society, the role of moral forces in shaping economic activity, and his promotion of profit sharing and cooperation as better regimes for production and distribution with respect to competition

    La théorie de la demande effective: quelques commentaires sur le schéma de R. Torrens

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    In his article, La théorie de la demande effective chez R. Torrens (cf. above), C. Benetti argues that the originality of Torrens' theory rests upon the concepts of effective demand and general overproduction. However, Torrens' demonstration of general overproduction is considered obscure by Benetti. This note points out that the crucial issue is the different rule of exchanges chosen by Torrens and Benetti, respectively. By making the appropriate assumptions on the rule of exchanges, it is possible to build up a case which is different, both, from Torrens' and Benetti 's. In this case, general overproduction does not arise either in a barter or in a monetary model. Thus, the problem of the right interpretation of Torrens' rule of exchanges remains unsettled. Further research should address the question of the links between money and general overproduction in Torrens' model.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 surproduction générale chez Torrens ambiguë. Cette note vise à montrer que le problème est la règle différente des échanges adoptée par Torrens et par Benetti. Si l'on attribue à l'auteur anglais une règle des échanges différente de celle choisie par Benetti, il est possible de proposer deux contre-exemples par rapport aux schémas de Torrens et de Benetti. Dans ces contre-exemples, un système de troc aussi bien qu'un système avec échanges monétaires ne débouchent pas sur la surproduction générale. Le point en discussion reste donc celui de l'interprétation correcte de la règle des échanges chez Torrens. En tout cas, il serait intéressant de préciser les liens entre les aspects monétaires et la surproduction générale chez Torrens.Messori Marcello. La théorie de la demande effective : quelques commentaires sur le schéma de R. Torrens.. In: Cahiers d'économie politique, n°12, 1986. La demande effective dans la pensée classique : reproduction et crises économiques. Etudes sraffaiennes. Etudes sur Marx. pp. 41-56

    Per lo sviluppo: un capitalismo senza rendite e con capitale

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    Il volume esamina le caratteristiche, spesso problematiche, dei mercati finanziari e dei vincoli alla concorrenza nel sistema economico italian

    John Bates Clark’s view on the Treaty of Versailles as the origin of both World War II and the idea of a European Union

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    The aim of this paper is to highlight the position of John Bates Clark about the Treaty of Versailles and the U.S. approach to Foreign Policy in the aftermath of World War I. To achieve this goal, we analyze some unpublished manuscripts from the Rare Book & Manuscript Library of Columbia University and four published articles written by Clark between 1918 and 1919 about the consequences of the Treaty and, more generally, the future of Europe. The main ideas emerging from this material are that Clark supported the Treaty because he thought that given the threat of a resurgent Germany, only a League of Nations including the U.S. could be able to maintain world peace. On the other hand, he also criticized it because he shared with Keynes the view that the very harsh provisions imposed on Germany would generate another World War in the near future. Finally, Clark saw the union among European countries as a tool for preventing another war
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