Sulle condizioni per una “rivoluzione” della teoria e della politica economica (On the conditions for a revolution of economic theory and policy)

Authors

  • Emiliano Brancaccio Sapienza University of Rome

DOI:

https://doi.org/10.13133/2037-3651_72.287_3

Keywords:

Macroeconomic theory and policy, theories of prices and distribution, capitalism and socialism

Abstract

In linea con la tradizione del Massachusetts Institute of Technology di cui fanno parte, i modelli macroeconomici mainstream di Olivier Blanchard possono essere sottoposti a un “ribaltamento” logico in grado di renderli compatibili con schemi alternativi che rifiutano la teoria neoclassica dei prezzi come indici di scarsità e il nesso tra produzione e distribuzione che da essa scaturisce. Tale ribaltamento logico sembra in grado di offrire una più solida base teorica alla “rivoluzione” della politica macroeconomica recentemente invocata da Blanchard e Summers, che viene qui sottoposta a un esame critico.

In line with the Massachusetts Institute of Technology tradition to which they belong, the macroeconomic models by Olivier Blanchard may be subjected to a logical “reversal” capable of making them consistent with those alternative schemes that reject the neoclassical theory of prices as scarcity indexes and the link between production and distribution resulting from it. This logical reversal seems able to offer a more solid theoretical basis for the macroeconomic policy “revolution” recently invoked by Blanchard and Summers, critically examined here, than the authors’ own schemes.

JEL codes: B5, D33, E1, E6

 

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Published

2019-09-06

Issue

Section

Special issue: Crisis and revolutions in economic theory