How long would it take to establish Shareholder Socialism?

The impact of Artificial Intelligence on the distribution of income, wealth and power will very likely reinforce the tendency toward increasing inequality that has characterised our societies in recent decades. Several proposals have emerged to address this issue, from Bernie Sanders’ one-time 50% tax on the stock of the biggest […]

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Una “regola d’oro” per l’immigrazione?

Giovanni Carnazza ha rilasciato una bella intervista a Emma Caherine Gainforth di micromega.net a partire dal nostro working paper “A Golden Rule for Migration? Demographic Flows and Public Debt Sustainability”. Qui sotto il testo integrale – L’Europa invecchia, la popolazione in età lavorativa diminuisce, il welfare costa di più e i […]

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Do we still need Comparative Economics?

I think that most economists (and the marketing departments of most universities) would answer this question with a clear no. Indeed, comparative economics, at least in the traditional sense of comparing different economic systems, has almost disappeared from the economics curriculum, as alternative economic systems have virtually disappeared from economic […]

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Disconnessi. L’impatto dei social sulle nostre vite

Salerno, lunedì 16 giugno, ore 20.30. Museo Diocesano. Largo Plebiscito, 12. – Nell’ambito del Salerno Letteratura Festival incontro con Cinzia Sciuto, direttrice responsabile di MicroMega. Conduce Emilio Carnevali. – Nati con la promessa di connetterci, liberarci, renderci più partecipi e più prossimi, i social hanno subìto negli anni una sorta di mutazione genetica. […]

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Course on Nikita Khrushchev’s Economy (1953-1964)

In this course for MASSOLIT (https://massolit.io), I discuss the Soviet economy through the rule of Nikita Khrushchev, 1953-64. In the first lecture I introduce Kornai’s concept of the classical system of the Soviet Economy. In the second lecture I explore the context, from the state of the USSR as it […]

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NEW WORKING PAPER: The role of Endogenous NAWRU in reducing the “Space of Forgiveness”. A Theoretical and Empirical Appraisal of the European Fiscal Framework.

With Giovanni Carnazza and Matteo Sommacal – The European Union’s fiscal policy framework imposes constraints on individual countries’ fiscal policies to ensure long-term financial sustainability. However, it is also designed to provide flexibility through the operation of “off-balance” automatic stabilisers. In practice, these rules have led to pro-cyclical measures in […]

NEW WORKING PAPER: The role of Endogenous NAWRU in reducing the “Space of Forgiveness”. A Theoretical and Empirical Appraisal of the European Fiscal Framework. Read More