The macroeconomic theory of Vera C. Lutz

Authors

  • A. GRAZIANI

DOI:

https://doi.org/10.13133/2037-3643/10767

Keywords:

Vera Lutz, macroeconomic equilibrium, structural dualism, Southern Italy

Abstract

Vera Lutz was an economist with wide-ranging interests, including credit theory, the theory of the firm, economic development theory and labour market analysis. Although there are several good reasons for examining and discussing her ideas in the field of macroeconomic equilibrium, however, there has thus far been little debate on these aspects of her thinking. In fact, there was only a short-lived debate in 1962, when Ackley and Spaventa wrote article criticising her ideas on the development of Southern Italy, dealing more with facts than theoretical framework. The debate on her thinking has since remained restricted to her theory of structural dualism. The author offers a reevaluation of Lutz’ work, and in particular the problem of macroeconomic equilibrium.

 

JEL: B31

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Published

2013-10-11

How to Cite

GRAZIANI, A. (2013). The macroeconomic theory of Vera C. Lutz. PSL Quarterly Review, 36(144). https://doi.org/10.13133/2037-3643/10767

Issue

Vol. 36 No. 144 (1983)

Section

Editorial

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