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History of Economic Thought and Policy
Number of Followers: 10

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ISSN (Print) 2240-9971 - ISSN (Online) 2280-188X
Published by Edizioni Franco Angeli

[66 journals]

Planning the European architecture: The contribution of Robert Marjolin
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  Abstract: Katia Caldari
  In his autobiographical notes, Robert Marjolin defines himself as "architect of European Unity". He played a pivotal role in the reconstruction of France after WWII and in the construction of the European Economic Community. He was a strict collaborator of Jean Monnet far before the end of the war and vice-President of the European Commission from 1958 to 1967. He was a fervent advocate of European integration and strongly believed in the urgency to develop a planning approach at European level that was coherent with his idea of economic and monetary union. Accordingly, he bustled about the attempt to spread and to make accepted his idea of Europe as "Europe organisée" by coordinating meetings and seminars and by creating a network of people that shared and sustained the idea of economic planning. He promoted a communitarian "action programme" which should go beyond the customs union and would consider some long-term commu-nitarian targets. A large part of the literature overlooks Marjolin’s contribution to the European project. Main aim of this paper is to focus on Marjolin’s role in the European integration process and show that building a strong (economic but also political, social, and military) European union was his main goal and the leitmotif of his whole career.
  PubDate: Wed, 15 Feb 2022 8:00:00 GMT
The two distinct systems of socialist Albania and SFR Yugoslavia: A
comparative analysis using Kornai’s ‘Main Line of Causality’
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  Abstract: Eszter Kazinczy
  This paper compares two peculiar country cases within the former European socialist bloc: Albania and the Socialist Federal Republic of Yugoslavia. Based on János Kornai’s ‘main line of causality’, we compare the two countries’ main char-acteristics from the end of the Second World War until the fall of their socialist re-gimes. The goal of the paper is to demonstrate that the two neighbouring countries had similar political and economic intentions following the Second World War; yet despite this fact the analysed countries’ development paths gradually diverged. As a result, the two systems differed fundamentally by the 1970s. Analysing the time-period in question is crucial to understand Albania’s and the successor Yugoslav states’ subsequent economic development.
  PubDate: Wed, 15 Feb 2022 8:00:00 GMT
Pierre Uri: The making of a European economic order
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  Abstract: Fabio Masini
  In the 1950s Pierre Uri played a significant role in shaping the European eco-nomic order. Thanks to his prominent contributions to the team of advisers that centred around Jean Monnet, both the ECSC and the EEC Treaties were designed to encompass the potential to evolve into a federal constitution for Europe. The paper aims to highlight the role of Pierre Uri in drafting the main features of the institutional, decision-making, and fiscal architecture of early European economic integration.
  PubDate: Wed, 15 Feb 2022 8:00:00 GMT
History of the Italian pension system from 1971 to 1991: Towards the
economic-financial crisis
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  Abstract: Alessandro Morselli
  This paper aims to analyze the Italian pension system in the period between 1971 and 1991, highlighting the factors that contributed to producing a financial crisis that cast doubt on the sustainability of the entire pension structure. The measures put in place to contain expenditure, such as the raising of the age for ob-taining an old age pension and the revision of the pension calculation method, will be illustrated, showing how they were only adopted by the legislature after a dec-ade since they were formulated. The analyses carried out show that not even the contribution from the state to compensate for the inadequacy of contribution rev-enues was sufficient to cover pension expenditure. Thus, the deficits accumulated by the pension schemes were the natural consequence of a failure to periodically adjust contribution rates. This measure was considered necessary to cope with the effects of certain regulations which automatically adjusted pensions and im-proved the extension of benefits.
  PubDate: Wed, 15 Feb 2022 8:00:00 GMT
Interview of Jacques de Larosière: In search of a better world
financial order
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  Abstract: Ivo Maes, Sabine Péters
  Jacques de Larosière (born 1929) played for more than half a century an influential role on the international monetary scene. He was Director of the French Treasury, Managing Director of the International Monetary Fund, Governor of the Banque de France and President of the European Bank for Reconstruction and Development (EBRD). In 2008, at the age of 79 years, he chaired the so-called De Larosière Committee which provided the blueprint for a fundamental reform of financial supervision in the European Union. Highlights of his career were the management of the Mexican debt crisis in the 1980s and his role in the process of economic and monetary integration in Europe, especially as a member of the Delors Committee. In his analyses he focuses on the "financialization" of our econ-omies and the ensuing problems with debt and asset price bubbles, for which the breakdown of the Bretton Woods system was an important cause. As part of a research program on collecting memories, this paper publishes the results of several interviews and discussions with him.
  PubDate: Wed, 15 Feb 2022 8:00:00 GMT
Going beyond borders' An ongoing research project on business in
European integration
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  Abstract: Daniela Felisini
  
  PubDate: Wed, 15 Feb 2022 8:00:00 GMT