The macroeconomic theory of Vera C. Lutz
Vera Lutz was an economist with wide-ranging interests, including credit theory, the theory of the firm, economic development theory and labour market analysis. Although there are several good reasons for examining and discussing her ideas in the field of macroeconomic equilibrium, however, there ha...
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Format: | Article |
Language: | English |
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Associazione Economia civile
2013-10-01
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Series: | PSL Quarterly Review |
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Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10767 |
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author | A. GRAZIANI |
author_facet | A. GRAZIANI |
author_sort | A. GRAZIANI |
collection | DOAJ |
description | Vera Lutz was an economist with wide-ranging interests, including credit theory, the theory of the firm, economic development theory and labour market analysis. Although there are several good reasons for examining and discussing her ideas in the field of macroeconomic equilibrium, however, there has thus far been little debate on these aspects of her thinking. In fact, there was only a short-lived debate in 1962, when Ackley and Spaventa wrote article criticising her ideas on the development of Southern Italy, dealing more with facts than theoretical framework. The debate on her thinking has since remained restricted to her theory of structural dualism. The author offers a reevaluation of Lutz’ work, and in particular the problem of macroeconomic equilibrium.
JEL: B31
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first_indexed | 2024-04-10T17:30:44Z |
format | Article |
id | doaj.art-db31e1d73f11462fac449ee450a93a24 |
institution | Directory Open Access Journal |
issn | 2037-3635 2037-3643 |
language | English |
last_indexed | 2024-04-10T17:30:44Z |
publishDate | 2013-10-01 |
publisher | Associazione Economia civile |
record_format | Article |
series | PSL Quarterly Review |
spelling | doaj.art-db31e1d73f11462fac449ee450a93a242023-02-03T16:47:36ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-10-013614410.13133/2037-3643/10767The macroeconomic theory of Vera C. LutzA. GRAZIANIVera Lutz was an economist with wide-ranging interests, including credit theory, the theory of the firm, economic development theory and labour market analysis. Although there are several good reasons for examining and discussing her ideas in the field of macroeconomic equilibrium, however, there has thus far been little debate on these aspects of her thinking. In fact, there was only a short-lived debate in 1962, when Ackley and Spaventa wrote article criticising her ideas on the development of Southern Italy, dealing more with facts than theoretical framework. The debate on her thinking has since remained restricted to her theory of structural dualism. The author offers a reevaluation of Lutz’ work, and in particular the problem of macroeconomic equilibrium. JEL: B31 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10767Vera Lutzmacroeconomic equilibriumstructural dualismSouthern Italy |
spellingShingle | A. GRAZIANI The macroeconomic theory of Vera C. Lutz PSL Quarterly Review Vera Lutz macroeconomic equilibrium structural dualism Southern Italy |
title | The macroeconomic theory of Vera C. Lutz |
title_full | The macroeconomic theory of Vera C. Lutz |
title_fullStr | The macroeconomic theory of Vera C. Lutz |
title_full_unstemmed | The macroeconomic theory of Vera C. Lutz |
title_short | The macroeconomic theory of Vera C. Lutz |
title_sort | macroeconomic theory of vera c lutz |
topic | Vera Lutz macroeconomic equilibrium structural dualism Southern Italy |
url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10767 |
work_keys_str_mv | AT agraziani themacroeconomictheoryofveraclutz AT agraziani macroeconomictheoryofveraclutz |