Suchergebnisse

- This work examine the nature of the relation between Keynesianism and the theories of development economics, pinpointing the consistencies and differences existing between them. In this respect a Keynesian heritage is unquestionable and can even be discerned in the vicissitudes of many development economists' lives. At the same time, it must be acknowledged that some foundational concepts of the development debate cannot be ascribed to any Keynesian genealogy, and must rather be traced back to classical categories. The eclecticism of early development economics makes the so-called label of Keynesian consensus too narrow a concept.

1. Historical growth modelling : Rostow's 'take-off' and Rosenstein-Rodan's 'big push' / Matthew Smith -- 2. Albet Hirschman : unbalanced growth theory / Davide Gualerzi -- 3. The brilliant fifties : international trade as a cause of underdevelopment / Cosimo Perrotta -- 4. Dual development models in historical perspectives / Claudia Sunna -- 5. The structuralist research program in development economics / Mauro Boianovsky -- 6. The resurgence of dependency analysis : nostalgia or renewed relevance? / Alan B. Cibils -- 7. Development theory and poverty / Francesco Farina -- 8. Recovering macroeconomic policy for development / Alejandro Nadal.

This study deals with the debate that took place among Italian economists and statisticians at the turn of the twentieth century on the economic effects of mass emigration. In particular, it is focused on a controversy between Vilfredo Pareto and Alberto Beneduce on the one side, and Francesco Coletti on the other. It analyzes the way these scholars struggled with: (i) the problem of properly elaborating a specific cost-benefit analysis regarding emigration; and (ii), as a consequence, the problem of recognizing a clear set of economic policies designed to manage the complex economic and social processes connected to emigration. The paper demonstrates the enduring character of the problems encountered in the early Italian debates by showing that these questions are similar to those debated in the vast literature developed from the 1950s on the subject of brain drain, and suggests an explanation for the lack of conclusive results in this literature. We think that it is possible to understand this impasse by highlighting that in the analyzed literature, a problem of "fallacy of composition" emerges between the microeconomics and macroeconomics of emigration.

1. Origins of the economy as collective activity -- 2. Custom and path-dependence. Social capital as accumulation factor -- 3. The role of the state in economic development -- 4. Competition in Enlightenment economists -- 5. On the productiveness of welfare expenditures -- 6. Keynesian Policy Today: More Employment and More Human Capital -- 7. Investing in human capital.