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This book, the first of two volumes, brings together the work of Domenico Mario Nuti to highlight his significant and varied contribution to economics. Bringing together works from across Nuti's career, his distinctive intellectual framework is exemplified in relation to discussions on the drivers of economic growth and development, the most efficient economic system, the organisation of firms, and how economies should be managed. This volume gives particular attention to socialist economic systems, and the transition of former socialist countries to market economies. This book, through the inclusion of an introduction, aims to contextualise his ideas and illustrate their continued relevance. It will be of wide interest to students and researchers.
List of contents
1. The degree of monopoly in the Kaldor-Mirrlees growth model.- 2. Capitalism, socialism and steady growth.- 3. Introductory essay to V. K. Dmitriev.- 4. Michal Kalecki's contributions to the theory and practice of socialist planning.- 5. Kalecki and Keynes revisited.- 6. Socialism on earth.- 7. Hidden and repressed inflation in Soviet-type economies.- 8. Cycles in socialist economies.- 9. Feasible financial innovation under market socialism.- 10. On Tibor Liska's entrepreneurial socialism.- 11. Market socialism: the model that might have been but never was.- 12. Stabilization and reform sequencing in the reform of Central Eastern Europe.- 13. Privatisation of socialist economies: general issues and the Polish case.- 14. Privatization of financial institutions.- 15. Economic inertia in the transitional economies of central eastern Europe.
About the author
Domenico Mario Nuti was Professor of Economics at La Sapienza University in Rome and the European University Institute in Florence. He also held positions at the University of Cambridge, University of Birmingham, and the London Business School.
Saul Estrin is Emeritus Professor of Managerial Economics and Strategy at LSE.
Milica Uvalic is Professor of Economics at the University of Perugia.
