ABSTRACT OF PAPER
Title: Nino Andreatta and the Cambridge Capital Controversy
Author: Sandonà Luca
Foreword In the second half of the XX century, Nino Andreatta (1928-1997) is a central figure of academia and economic policy in Italy (Tesini, 2002). In 1963, he becomes full professor of economic and financial policy at the Faculty of Law of the University of Bologna. In the same University, he is the founder of the Faculty of Political Sciences and of the Economic Institute. Andreatta also plays an important role in the foundation of the University of Calabria and the University of Trento, in the constitution of Prometeia — Centre for Econometric Studies, in the creation of Arel — Agency for Researches and Legislation and in the development of Il Mulino publisher. On the other hand, Andreatta serves as a member of the Italian Parliament from 1976 to 1992 within the Christian Democracy Party delegation, Vice-President of the European People’s Party from 1984 to 1987 as well Minister of Balance and Economic Planning (1979-80), Treasure (1980-82), Foreign Affairs (1993-94) and Defence (1996-98). In 1994 Italian general political elections, which introduce the so-called Second Republic season, Andreatta manages to successfully candidate his academic and political pupil Romano Prodi to lead the Centre-Left coalition. Abstract In this paper, I review Nino Andreatta’s contribution to the Cambridge capital controversy. In 1956, Andreatta visited the University of Cambridge and in the light of this experience, he wrote a monograph on income distribution and capital accumulation . He approached the Cambridge capital controversy elaborating a critique to the neoclassical marginal productivity framework with a special reference to the income distribution theory. Andreatta also emphasised the importance of public policy challenging the neoclassical assumption of a given competitive equilibrium. Andreatta had a Post-Keynesian approach and he valorised elements from the classical and the Schumpeterian views. In the second half of the XX century, Andreatta’s approach marked the economic theory and policy in Italy. JEL Codes: B220; B31; N10.
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