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public investment

This tag is associated with 3 posts

How EU-inspired Big Banking has deepened Italy’s North-South divide

Salvatore Perri* When it comes to savings among Italian households there is no “cultural” difference between the country’s north and south, figures for the pre-crisis period (1989-2007) [1] show us. Even more suprising is the fact that the southern region of Campania, whose capital is Naples, has seen the highest rate of growth in the … Continue reading

Politics must trump the failed magic of the market

Crisis-hit Europe needs to drop its free-market fetish and pursue public investment programmes focussed on technology, the environment and health, argues Giovanni Dosi For thirty years, until the crisis of 2008, talk of industrial and technological policies was off limits, including among the moderate left and reformists, and not only in Italy. The mantra was … Continue reading

The political battle for full employment

By Juan Torres Lopez 70 years ago a very important Polish economist, Michal Kalecki, published an article (Political aspects of full employment) that I think has a great relevance today, particularly this May Day. Kalecki started out by recognizing that when he wrote that a substantial majority of economists believed that, even in a capitalist … Continue reading

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