Le negoziazioni in corso sulle nuove regole fiscali europee stanno mostrando la solita contrapposizione tra il fronte “pro” e quello “contro” il “rigore fiscale”. Una contrapposizione antica, che affonda le sue radici nella stessa architettura originaria dell’unione monetaria. Con Emilio Carnevali, che insegna economia alla Northumbria University di Newcastle (Regno Unito), cerchiamo […]
The legacy of Khrushchev’s agricultural reforms
Seventy years ago, Nikita Khrushchev became the leader of the then-superpower Soviet Union (USSR). His legacy as leader echoed through the remaining years of the USSR. His reforms did not quite achieve the successes he sought. But in this retrospective on Khrushchev’s legacy, economist Emilio Carnevali shows that Khrushchev did […]
PhD SCHOLARSHIP: “Technical and economic development of innovative bio-based construction materials”.
Call for applications for a fully funded PhD position – available for 3 years – supervised by Dr. Giovanni Pesce, Prof. Meng Zang and Dr. Emilio Carnevali: the research activity is based at Northumbria University’s laboratories and aims at developing “enhanced lime-based materials” with the addition of bacteria. Furthermore, the […]
Italy: higher interest rates make government debt more expensive.
Due to the increase in interest rates, Italy will pay additional €13bn to service its debt next year. Thanks to Kristian Aaser, who included some of my observations in an article he wrote for the Norwegian newspaper “E24 Næringsliv”. Here is the link.
Fratelli d’Italia e la difficile scelta fra la destra inglese e quella americana
Il passaggio dall’opposizione alla guida del governo ha imposto a Fratelli d’Italia un faticoso percorso di riposizionamento ideologico. I conservatori inglesi sono stati spesso additati come modello per una nuova destra italiana alla ricerca di legittimazione internazionale. Ma le differenze fra i due partiti rimangono sostanziali. – da micromega.net – […]
Economy-Finance-Environment-Society Interconnections In a Stock-Flow Consistent Dynamic Model
This article – written with Matteo Deleidi, Riccardo Pariboni and Marco Veronese Passarella – work takes inspiration from four theoretical strands: recent developments in ecological macroeconomics; the Schumpeterian framework of evolutionary economics that emphasises the entrepreneurial role of the State; the stock-flow consistent approach to macroeconomic modelling; and the supermultiplier […]
On the Takeover Mechanism in Market Socialism
New WORKING PAPER: “On the Takeover Mechanism in Market Socialism”, by Emilio Carnevali and Matteo Sommacal. The paper investigates the reasons for the socialist movement’s historical distrust of the development of “well-defined” economic projects. This attitude seems to have changed, as a variety of blueprints for a socialist economy have […]
Le riforme economiche di Krusciov
Settant’anni fa saliva al potere in Urss Nikita Krusciov. Tentò di riformare l’economia sovietica, aumentando la produzione agricola e decentralizzando la pianificazione. Sotto di lui nacquero le idee alla base del programma economico di Gorbachev. – da lavoce.info – “Dopo un paio di anni di scuola, avevo imparato a contare […]
A Modern Guide to Post-Keynesian Institutional Economics
The last couple of decades have seen the publications of many and often disparate contributions that build on the shared view of John Maynard Keynes and John Commons. A Modern Guide to Post-Keynesian Institutional Economics (PKIE) recently published by Edward Elgar and edited by Charles J. Whalen is a careful review of […]
Symposium on MMT
The “European Journal of Economics and Economic Policies: Intervention” has just published an interesting symposium on Modern Monetary Theory and its critics. The starting point was a couple of papers written by two economists of the Banque de France – Françoise Drumetz and Christian Pfister. As pointed out by Marc […]