1st Edition

Franco Modigliani and Keynesian Economics

By Antonella Rancan Copyright 2020
182 Pages
by Routledge

182 Pages
by Routledge

182 Pages
by Routledge

This book follows the intellectual path of Franco Modigliani, Nobel Prize winner and one of the most influential Keynesian economists of the twentieth century, tracing his development and examining the impact of his research. The book begins with Modigliani’s early work as a young law student in 1930s Italy and traces his development through his emigration to the US, his introduction to... Read more
 

Introduction

Chapter 1: Modigliani before Modigliani

Chapter 2: Approaching Keynes and American Keynesianism

Chapter 3: Keynesian economics in between corporative and socialist economics

Chapter 4: Modigliani at the University of Illinois: "The Bowen war" and McCarthyism

Chapter 5: Uncertainty and Expectations: Modigliani at Carnegie Tech

Chapter 6: The life cycle savings in an unstable system

Chapter 7: Becoming Keynesian

Index

Biography

Antonella Rancan is Associate Professor of Economics at University of Molise, Italy.

"Antonella Rancan’s new book retraces the intellectual path of Franco Modigliani, from his early writings, including the famous article on Keynesian and classical economics (Modigliani 1944), to his contributions of the 1950s and 1960s.1 In this way, Rancan offers relevant insights into the origins and development of the neoclassical synthesis of Keynesian macroeconomic thinking."

"It stands to Rancan’s credit that she traces the foundations of Modigliani’s Keynesian belief in discretionary economic policy as a stabilising tool to his early convictions as student and young researcher. As Rancan makes clear, it is on the terrain of empirical analysis, economic policy and value judgements, rather than on the strictly theoretical ground, that Modigliani’s Keynesianism is defined."

Paolo Paesani

Review of Political Economy