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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Main Author: A. GRAZIANI
Format: Article
Language:English
Published: Associazione Economia civile 2013-10-01
Series:PSL Quarterly Review
Subjects:
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
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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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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
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