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Growth and institutions in Paolo Sylos Labini's thought

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  • Corsi, Marcella
  • Guarini, Giulio

Abstract

According to Paolo Sylos Labini (1920-2005), it is vital for an economist to be acutely conscious of the responsibility to study society for the sake of promoting progress—the economic, social and civil progress of society—and not for personal interest. In his last book, Ahi serva Italia (2006), Sylos Labini spoke as a civic-minded economist to all those Italians who refuse to understand that respect for the rules is an absolute requirement for a market economy, and, in particular, that a market economy needs rules to defend the community against the unbridled expansion of positions of power. Within this analytical framework, our paper aims to discuss the role of institutions along different lines: the role of the market in the process of economic growth, public intervention in the economy and the process of institutional innovations.

Suggested Citation

  • Corsi, Marcella & Guarini, Giulio, 2009. "Growth and institutions in Paolo Sylos Labini's thought," MPRA Paper 19431, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:19431
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    References listed on IDEAS

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    1. Franco Modigliani & Jean Paul Fitoussi & Beniamino Moro & Denis Snower & Robert Solo & Alfred Steinherr & Paolo Sylos Labini, 1999. "An Economist’s Manifesto on Unemployment in the European Union," Journal of Income Distribution, Ad libros publications inc., vol. 8(2), pages 1-1, December.
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    Cited by:

    1. Stephanie Blankenburg, 2011. "On Sraffa, post-Keynesian theories of pricing and capitalist competition: Some observations," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 8(1), pages 183-200.

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    More about this item

    Keywords

    Paolo Sylos Labini; growth; institutions; regulation; innovations;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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