Piero Sraffa: 'monetary inflation in Italy during and after the war

Article Abstract:

For a state to be in a position to reduce its budget deficit, it should be able to restore paper money circulation without issuing new bank or currency notes. Increase of circulation by issuing notes ofa large denomination is preferrable as it does not cause any public inconvenience, at the same time realising substantial reduction in expenditures. Italy's economic problems prior to the European war are narrated.How the Italian government became the biggest debtor in order to finance the war and the immediate and long term effects of inflation on wholesale and retail prices are discussed.

Italy, Management, Economic aspects, Inflation (Finance), Monetary policy, Money supply, Inflation (Economics)

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The disappearance of cooperatives from economics textbooks

Article Abstract:

Factors that cause the neglect of cooperatives in modern economics textbooks are analyzed. Economics textbooks from 1905 to 2005 were examined to determine changes in how cooperatives are viewed. Conclusions show that the change was caused by the paradigm shift from institutional to neoclassical analysis, and the potential of cooperatives in addressing social problems were neglected.

United Kingdom, Economics, Research and Development in the Social Sciences and Humanities, Book publishing, Book Publishers, Textbooks, Analysis, Cooperatives, Cooperatives (Associations), Report

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