Template-Type: ReDIF-Article 1.0
Author-Name: Maurizio Franzini
Author-Email:
Author-Workplace-Name: Università ‘La Sapienza’, Roma - Dipartimento di Economia e Diritto
Title: Sfide riformiste: Federico Caffè e le politiche dell'offerta (Reformist challanges: Federico Caffè and the supply side economics)
Abstract: In the early ’80s a revolution took place in economics: the idea that supply side factors are all what
matter for good economic performances was established with profound consequences also for policy
making. The success of supply side economics was the beginning of the decline of Keynesian economics
with its traditional emphasis on demand as the source of problems in a capitalist economy
and the main objective of government intervention. Federico Caffè faced with these new tendencies
and the poor performance of most advanced economies asserted that policies aimed at improving the
supply side were not in conflict with the true Keynesian approach provided that the demand side was
not overlooked. The present essay analyses Caffè’s ideas on the possibility of reconciling Keynes with
the supply side and show how they are connected to his peculiar approach to economic reformism
Classification-JEL: B20, B31, B50, E12, E60
Keywords: xx secolo; pensiero economico italiano; Federico Caffè; politiche dell’offerta; riformismo
(xx century; Italian economic thought; Federico Caffè; supply side economics; reformism)
Journal: Il Pensiero Economico Italiano
Pages: 127-134
Volume: 23
Issue: 2
Year: 2015
File-URL: http://www.libraweb.net/articoli.php?chiave=201506302&rivista=63
Handle: RePEc:pei:journl:v:23:y:2015:2:9:p:127-134