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Power and Economics in Italy: From the Social Conflicts of the 1970s to the Euro-Crisis

In: Power in Economic Thought

Author

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  • Piero Bini

    (University of Florence)

Abstract

Bini analyses the multifaceted issue of power in relation to the major economic events occurring and studies performed in Italy from 1970 to 2014. Dividing this time span into three sub-periods, he explores the relative emergent powers for each of them: the power of the workers in the 1970s, of the Italian Central Bank in the 1980s and of the Maastricht rules from the 1990s. The chapter seeks to ascertain how it is that the manifestations of power in Italy very often failed to activate adequate economic counter-powers, thereby generating asymmetric processes of change, unfavourable to growth. The author also explores the Italian economists’ contributions to analysis of the issue of power from the point of view of economic theory and economic policy.

Suggested Citation

  • Piero Bini, 2018. "Power and Economics in Italy: From the Social Conflicts of the 1970s to the Euro-Crisis," Palgrave Studies in the History of Economic Thought, in: Manuela Mosca (ed.), Power in Economic Thought, chapter 13, pages 349-381, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-319-94039-7_13
    DOI: 10.1007/978-3-319-94039-7_13
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    References listed on IDEAS

    as
    1. Piero Bini, 2013. "The Italian Economists and the Crisis of the Nineteenseventies. The Rise and Fall of the "Conflict Paradigm"," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2013(1), pages 73-101.
    2. Markus K. Brunnermeier & Harold James & Jean-Pierre Landau, 2016. "The Euro and the Battle of Ideas," Economics Books, Princeton University Press, edition 1, number 10828.
    3. Bartlett,Randall, 1989. "Economics and Power," Cambridge Books, Cambridge University Press, number 9780521355629, October.
    4. Boettke, Peter J. & Coyne, Christopher J. & Leeson, Peter T., 2013. "Comparative historical political economy," Journal of Institutional Economics, Cambridge University Press, vol. 9(3), pages 285-301, September.
    5. Dyson, Kenneth & Featherstone, Kevin, 1999. "The Road To Maastricht: Negotiating Economic and Monetary Union," OUP Catalogue, Oxford University Press, number 9780198296386.
    6. Robert Boyer, 2013. "The Present Crisis. A Trump for a Renewed Political Economy," Review of Political Economy, Taylor & Francis Journals, vol. 25(1), pages 1-38, January.
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