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A leap forward over the wall: Italian economy and economic thought in the Fifties

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  • Carlo Bellavite Pellegrini

    (Department of Economics and Business, Catholic University, Milan. Centre for Research in Applied Economics, (CSEA) Catholic University, Milan. ‘‘P. Baffi’’ Centre on Central Banking and Financial Regulation, Bocconi University, Milan)

Abstract

May the history of economic thought be a useful device for addressing a sustainable path towards economic and financial recovery from the Great Financial Depression and the nowadays Sovereign Debt Crises? According to Cicero the answer should be predictable: ‘‘Historia, magistra vitae’’, but things are likely to be more difficult. Many economists believe that past financial performances may be misleading in predicting and forecasting the future, being the proof of a weak efficient market. This paper finds its roots in the cultural challenge promoted by the Editorial Board of the Rivista Internazionale di Scienze Sociali to select a sample of its articles published during the Fifties, proposing the analysis of the whole sample and of each single article that may add some interesting evidences about both economic methodologies arising from a comparative study, both specific ideas and reflections which may reveal something valuable for the current economic turmoil.

Suggested Citation

  • Carlo Bellavite Pellegrini, 2013. "A leap forward over the wall: Italian economy and economic thought in the Fifties," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 121(3-4), pages 303-320.
    • Handle: RePEc:vep:journl:y:2013:v:121:i:3-4:p:303-320
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    More about this item

    Keywords

    Italian Economy; Economic Thought; Management Board; Social Sciences; Financial Structures;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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