Salvatore Biasco and the political and economic interdependencies
DOI:
https://doi.org/10.13133/2037-3651/18280Keywords:
Salvatore Biasco, crisis, cycles, international capital flowsAbstract
This tribute commemorates Salvatore Biasco, a distinguished colleague and friend of the journal. Biasco’s multifaceted contributions encompassed international economics, finance, and political engagement, emphasizing the central role of economic policy and its endogenous nature. In contrast to mainstream theories that attribute economic fluctuations and crises to external shocks, Biasco considered the notion of a stable market equilibrium problematic. Biasco’s work shed light on the profound impact of financial variables on the real variables, for example with articles on the endogenous nature of currency cycles, and the significant influence of gross capital flows within the global monetary system.
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