Bassa crescita dell’economia o elevato sviluppo del settore finanziario? Alcune annotazioni sul recente libro di Piketty

Titolo Rivista STUDI ECONOMICI
Autori/Curatori Carlo Panico, Antonio Pinto
Anno di pubblicazione 2015 Fascicolo 2014/113
Lingua Italiano Numero pagine 27 P. 34-60 Dimensione file 180 KB
DOI 10.3280/STE2014-113002
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più clicca qui

Qui sotto puoi vedere in anteprima la prima pagina di questo articolo.

Se questo articolo ti interessa, lo puoi acquistare (e scaricare in formato pdf) seguendo le facili indicazioni per acquistare il download credit. Acquista Download Credits per scaricare questo Articolo in formato PDF

Anteprima articolo

FrancoAngeli è membro della Publishers International Linking Association, Inc (PILA)associazione indipendente e non profit per facilitare (attraverso i servizi tecnologici implementati da CrossRef.org) l’accesso degli studiosi ai contenuti digitali nelle pubblicazioni professionali e scientifiche

The paper deals with the role of the expansion of the financial sector in the recent increase in income inequality. It first considers the positions presented by Piketty in his recent book on this theme, criticising his neglect of role of the financial sector and his view that the low growth of the economy is inevitably and is not related to the changes in income distribution. Then it presents some analyses to show that the size of the financial sector affects the distribution of income between social groups. By using these analyses, the paper proposes an interpretation of the role of the financial industry in the recent changes in income inequality and in the burst of the recent financial crisis.;

Keywords:Income distribution, inequality, financial sector

Jel codes:E25

  1. Barba A., Pivetti M. (2009), Rising household debt: its causes and macroeconomic implications – a long-period analysis, Cambridge Journal of Economics, 33 (1): 113-37.
  2. Dumenil G., Levy D. (2004), The real and financial components of profitability (USA 1948-2000), Review of Radical Political Economy, 36: 82-110.
  3. Fetter F.W. (1965), Development of the British Monetary Orthodoxy, Cambridge: Harvard University Press.
  4. Krugman P. (2007), The Conscience of a Liberal, New York: Norton and Co.
  5. Marx K. (1894), Das Kapital: KritiK der Politischen Oekonomie, Buch III, Herausgegeben von Friedrich Engels, Hamburg: Verlag von Otto Meissner.
  6. Traduzione italiana: Torino: Einaudi, 1977. Palley T.I. (2007), Financialization: what it is and why it matters, The Levy Economic Institute of Bard College Working Paper, n. 525.
  7. Palma J.G. (2009), The revenge of the market on the rentiers: why neo-liberal reports of the end of history turned out to be premature, Cambridge Journal of Economics, Special Issue on the Global Financial Crisis, 33 (4): 829-66.
  8. Panico C. (1988a), Interest and Profit in the Theories of Value and Distribution, London: Macmillan and New York: St. Martin Press.
  9. Panico C. (1988b), Sraffa on money and banking, Cambridge Journal of Economics, 12 (1): 7-28.
  10. Panico C. (2001), Monetary analysis in Sraffa’s writings, in Cozzi T. and Marchionatti R. (Eds.), Piero Sraffa’s Political Economy: a Centenary Estimate, London: Routledge, 285-310.
  11. Panico C., Pinto A., Puchet Anyul M. (2012), Income distribution and the size of the financial sector: a Sraffian analysis, Cambridge Journal of Economics, 36 (6): 1455-77.
  12. Panico C., Pinto A., Puchet Anyul M., Suarez Vazquez M. (2013), The evolution of financial regulation before and after the crisis, Economica, 15 (1): 9-40.
  13. Piketty T., Saez E. (2003), Income inequality in the United States, 1913-1998, Quarterly Journal of Economics, 118 (1): 1-39.
  14. Piketty T., Saez E. (2006), The evolution of top incomes: a historical and international perspective, American Economic Review. Papers and Proceedings, 96: 200-05.
  15. Piketty T. (2013), Le capital au XXI Siècle, Paris: Editions du Seuil. Traduzione italiana: Milano: Bompiani, 2014.
  16. Samuelson P.A. (1966), A summing up, Quarterly Journal of Economics, 80 (4): 568-83.
  17. Sraffa P. (1922), The bank crisis in Italy, Economic Journal, XXXII (126): 178-97.

Carlo Panico, Antonio Pinto, Bassa crescita dell’economia o elevato sviluppo del settore finanziario? Alcune annotazioni sul recente libro di Piketty in "STUDI ECONOMICI " 113/2014, pp 34-60, DOI: 10.3280/STE2014-113002