Abstract
Ezio Tarantelli was born in Rome on 11th August 1941. He graduated in Economics in 1965 at “La Sapienza” discussing a thesis on Economic Geography with Ferdinando Milone and Federico Caffé. His thesis – Caffè says – was edited in the United States of America and its subjects were the differences between different zones; but the economic interests prevailed so much on the geographic ones that […] Milone wanted to associate me in the thesis discussion.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
Chiaromonte et al. (1985, p. 7). It has to be noted that, as reminded in the documentary La forza delle idee, Tarantelli’s interest for labour economics, was also due to biographical reasons. Luca Tarantelli, author of the video, points out that his father had chosen this branch of research having suffered himself the consequences of unemployment because of some unfavourable family matters.
- 2.
Caffé (2007b [1985], p. 142)
- 3.
A wide work and a remarkable close examination about the Italian economists education, even regarding the period 1950–1975 is (Garofalo and Graziani 2004).
- 4.
Even conceiving the “capital” as a complex of capital goods, the problem of taking into account the consequences of the different productivity of the different vintages of production factor still arose.
- 5.
Commemorating the disappearing of Piero Sraffa, Caffè said “He provides a convincing demonstration according to which in correspondence of every particular income distribution between wages and profits, exists a corresponding set of relative prices. Consequently, it cannot be said that one set is better than another, because they are all instrumental to the income distribution. The only thing that can be said is that the income distribution can become better or worse. Anyway, it is not dominated by the prices mechanism, but it depends on an institutional choice and who can influence its determination has to be considered responsible for it” Caffé (2007a [1983], pp. 605–606).
- 6.
- 7.
- 8.
Robinson (1965, p. 185).
- 9.
Robinson (1965, pp. 185–186).
- 10.
Tarantelli (1970 [1], p. 96). At the same time, Tarantelli specifies that “the aggregation level of empirical verification, which will be done for the total industrial sector, makes it difficult to split these last purely financial effects which can only presumably refer to small firms from the ones connected to the conditions of demand. This also because of the statistic collinearity between appropriate measures of the monetary expansion rate and those referring to the conditions of demand” (Tarantelli 1970 [1], p. 96).
- 11.
Fazio (2010 [1995], p. 71). With regard to the time that Tarantelli spent in the U.S., there are several anecdotes. Fazio narrates “Ezio turned on the magnetophone at the beginning of every lesson [of Samuelson’s course]; in one of these by mistake he turned the audio on while recording. The lesson was opened that morning by Joan Robinson’s voice; the initial moment of dismay turned into general hilarity” Fazio (2010 [1995], p. 71). Sarcinelli also remembered that “In January 1967 […] he clearly wanted to show how he felt himself a member of Europe’s left-wing élite and waved The accumulation of capital in front of Robert Solow”. See Sarcinelli (2007, p. 24).
- 12.
On the basis of both the econometric models of US economy set up by Klein in the 1940s and of the FRB-MIT-PENN model (compare Ando et al. 1974) several econometric models of the Italian economy were elaborated between the mid-1960s and mid-1980s. Although the first of them was Sylos Labini’s model (Sylos-Labini 1967), the main one can be considered the M1 BI built up by the study service of the Bank of Italy. Next to these, other models to be considered are the one proposed by the University of Bologna (D’Adda-De Antoni-Gambetta-Onofri-Stagni 1976) which later became Prometeia-Università di Bologna, then the “modellaccio” elaborated by Ancona's University group (Fuà 1976) and finally the case of Confindustria (Tivegna 1984). A survey of the main qualifying elements of these models is proposed in Chiarini (1989). A list of the econometric models estimated and used in Italy in the years 1960–1980 and a synthetic description of their relation to the problems with the Italian economy is proposed in Valli (1993).
- 13.
Banca d’Italia (1970, p. 9).
- 14.
Recent historiographic tendencies underline how, in reality, Modigliani’s contribution to M1 BI is not to be considered of crucial importance. In fact it widely suffers from some sort of embryonic model already prefigured in the Preliminary relationship of the work group instituted at the Electronic Center of the Bank of Italy in summer 1963, published in 1964. In regard to this, Rey’s intervention at the International Conference about employment, industrial relations and human capital can be considered significant. The actuality of Ezio Tarantelli’s thoughts (26–27th March 2010) Roma, University “La Sapienza”. Rey underlines that as Modigliani’s contribution, even Tarantelli’s to M1 BI has to be relativized. On the same interpretative line, but with exclusive regard to Modigliani’s contribution (Binotti- Ghiani 2008) are collocated.
- 15.
- 16.
Tarantelli (1972 [3]) and Tarantelli (1972 [4]).
- 17.
Dicks-Mireaux-Dow had already proposed to take into account the trade union strength. They forwarded an hypothesis regarding the time lag between the moment of claim and the moment of effective wage variations. They calculated an average lag of 6 months between price variations and nominal wage variations. They also observed that with different union bargaining powers, a further delay in the adjustment could be possible, within a maximum of 3 months. Therefore they asserted that the nearer the effective delay was to 9 months, the trade union would have benefited of little contractual power; vice versa in the case in which the delay was nearer to 6 months. Compare Dicks Mireaux-Dow (1959) and Tarantelli (1972 [1]) and Tarantelli (1976 [3]).
- 18.
Tarantelli (1972 [4]).
- 19.
Tarantelli (1970 [1]), Tarantelli (1971 [1]), Tarantelli (1971 [2]), Tarantelli (1974 [2]) and Tarantelli (1975 [1]).
- 20.
Okun (1962).
- 21.
Filosa-Rey (1988, p. xvii).
- 22.
Tarantelli (1973 [2]); (1974 [3]); (1979 [4]); (1979 [5]); (1979 [6]).
- 23.
Modigliani’s life cycle theory of consumption refers to intertemporal choices in an finite horizon (the consumer’s life). In 1957, Friedman developed the permanent income theory, which is a generalization to an infinite horizon (so with inheritance and wealth transmission from one generation to the next) of Modigliani’s life cycle model. Compare Brumberg-Modigliani (1954), Ando-Modigliani (1963), Friedman (1957).
- 24.
With regard to the theory of distribution, Graziani identified four schools of thought in Italy: (a) the marginalists; (b) the neomarginalists or compatibilists, that is those who suggested “updating” marginalism using instruments “of classic derivation and of Kaldorian inspiration”; in particular the full cost theory and “the hypothesis of double propensity to savings, of workers and capitalists”; (c) the marxists, divided in orthodoxies and those who “abandoned the labour value theory even if they still continued being supporters of the marxian doctrine”; (d) the conflictualists, that is those economists who found “their theoretical support in Sraffa’s famous book” (Graziani 1981, pp. 287–288). It has to be said, however, that Tarantelli considered that such a set up would end up resulting excessively simplifying. This is the reason why he ironically commented “[According to Graziani] Italy est omnis divisa in partes tres: marginalists, compatibilists and conflictualists (not without heroic approximations and exchanging people). Everyone enters the circle they deserve” (Tarantelli 1978 [5], p. 90).
- 25.
- 26.
Simler-Tella (1968).
- 27.
A first estimation of Tella’s labour supply equation in Italy was proposed in La Malfa-Vinci (1970).
- 28.
Tarantelli became professor commissioned to the professorship of Labour policy and social legislation of the academic year 1971/1972–1976/1977 (from 1st November 1971 to 31st October 1974 and from 1st November 1975 to 31st October 1977). He was stabilized in the academic year 1974/1975 (from 1st November 1974 to 31st October 1975). Compare UCSC, human resources direction, Series of files of professors, pos. 2869, Prof. Tarantelli Ezio.
- 29.
It has to be taken into account that the exam program distributed to the students, was still the one relative to the Milanese course of labour policy. I thank Franco Bortolotti, who sat the economic and financial policy exam with Tarantelli, for allowing me to view all the didactical material assigned by him to the students.
- 30.
Referring to the models, the textbooks indicated were: some lecture notes edited by Paola Villa, compare Villa (1984), Gandolfo (1975), some sections of Ackley (1971), Roccas (1971) and Tarantelli (1974 [2]). With regard to the structural analysis, these were the suggested contributions: Mottura-Pugliese (1975), Paci (1974), and Tarantelli (1972 [4]). Take note that before moving to Rome, during the academic years 1981–1982 and 1982–1983, Tarantelli substituted part of the above mentioned materials with some sections of the widely diffused macroeconomics handbook by Dornbusch and Fischer and with Tarantelli (1978 [5]).
- 31.
As it has been noted, the sliding scale “was introduced in Italy soon after the Second World War. A substantial reform was carried out in 1951 and set rules that remained basically unchanged until 1975. In the 1951 system, each percentage of the trade union cost-of-living index […] caused contractual wages to rise, with a lag, by predetermined fixed amounts which differed by occupation, sex, age and geographical area […]. At the beginning of 1975, trade unions and employers’ organizations agreed to radically change the system, with the declared objective to reduce wage differentials. After a transition period, the differentiated fixed amounts were to be replaced by a single amount equal across all employees [unique superior point]) of value substantially higher than before” (Brandolini-Casadio-Cipollone-Magnani-Rosolia-Torrini 2007, p. 33). Compare also Filosa-Visco (1980).
- 32.
Modigliani’s contributions which we refer to have been very recently reprinted in Asso (2007), where it is possible to find an accurate reconstruction of Modigliani’s relationship with Italy.
- 33.
- 34.
Modigliani-Padoa Schioppa (1977, p. 45).
- 35.
Modigliani-Padoa Schioppa (1977, p. 48).
- 36.
Modigliani (1976a, pp. 82–83). It is interesting to note – with all the caveats of the case –, that Modigliani’s analysis is not that different from the position assumed by Keynes in an article from 1930. According to Keynes, in an international context characterized by the mobility of financial flows, a wage increase provoked a shift of capital abroad, where labour cost was lower. Without going into details of his reasoning, his conclusion was that the “Movement of high wages” worsened the tendency of capital exportation towards countries that offered higher profits. This would have determined an increase in internal unemployment and, at the end, a fall of wages until going back to the level of foreign countries. We could not make wages increase indiscriminately, stated Keynes, but we had to base ourselves on a “higher efficiency”. Anyway, it is not on the dynamics pointed out by Keynes that it is possible to recognize a certain affinity with Modigliani, but more on the importance of the role attributed to profits and on the alternatives to high wages policies. The most controversial question between Modigliani and his critics was that he identified as the main cause of the stagnation of the Italian economy the wage increases that squashed profits. Substantially, Keynes proposed a policy of “high profits” and then to use taxation to promote the improvement of a wide range of social services (pensions, houses, education, subsidies for families, health insurances, unemployment) (Keynes 1930).
- 37.
Modigliani-Padoa Schioppa (1977, p. 49).
- 38.
Modigliani-Padoa Schioppa (1977, p. 49).
- 39.
- 40.
Modigliani (1976a, p. 85).
- 41.
Also Napoleoni and Convenevole, however, replied to Modigliani’s thesis. The first one wrote “Andreatta [who shared Modigliani’s point of view] and Modigliani are right wing men, even if they have the reputation of not being so. To convince us, it is necessary to demonstrate explicitly the ideology (because it is ideology we are talking about) from where they started” (Napoleoni 1976, p.112). Convenevole believed that Modigliani “is the main enemy of the working class” and he adds “It is surprising that a scholar like Sylos […] affirms – in order to save today’s spreading conformism – that Modigliani is a “friend” and so cannot be criticized. However, I believe that Modigliani should not be anyone’s friend. As regards this, there is a moral abyss between us and him” (Lunghini (ed. by) 1981, pp. 430–431).
- 42.
Caffè (1976, p. 87).
- 43.
Caffè (1976, p. 88).
- 44.
Colajanni (1976, p. 93).
- 45.
Napoleoni-Modigliani (1976, pp. 173–174).
- 46.
Napoleoni-Modigliani (1976, p. 171).
- 47.
Napoleoni-Modigliani (1976, p. 163).
- 48.
Graziani (1976a, p. 121).
- 49.
Graziani (1976b, p. 15).
- 50.
Graziani (1976b, p. 15).
- 51.
Tarantelli (1976 [4], p. 57).
- 52.
Tarantelli (1978 [5], p. 165).
- 53.
- 54.
On the methods of depuration of the price index of prices from the imported inflation compare Guiso (1985).
- 55.
Monti (1984).
- 56.
For an articulated explanation of the De Vincenti-Zevi’s proposal (De Vincenti-Zevi 1983).
- 57.
Tarantelli (1976 [4], p. 45).
- 58.
Tarantelli (1984 [2], p. 739).
- 59.
In regard to this Tarantelli asserts “unproductive work can from today be impeded in the view of the retributive jungle beginning with discouraging it by attacking its remunerative and normative levels” (Tarantelli 1976 [4], p. 39).
- 60.
Tarantelli (1986 [3], p. 792).
- 61.
Tarantelli (1976 [4], p. 38).
- 62.
Indovina (1978, p. 53).
- 63.
Indovina (1978, p. 54).
- 64.
Indovina (1978, p. 54).
- 65.
- 66.
(Tarantelli 1978, p. 8). Not even with the Keynesian analysis, would an independent role have been recognized for the trade union. “In Keynes General theory of 1936, the trade union was considered as a sufficient condition because of the downward rigidity of the monetary wage, which is at the base of the involuntary unemployment equilibrium. But it is not a necessary condition. Maybe it is the state of deep skepticism towards the possibility of an independent role of the trade union, typical of the traditional economic set up, […] which suggests to Keynes not to base his result of a stable involuntary unemployment equilibrium uniquely on the trade union presence” (Tarantelli 1978, p. 15). Furthermore, aside from the relevant methodological differences, Tarantelli refers to the studies of “Hicks, Zeuthen, Dunlop, Von Neumann and Morgenstern” as contributions “more informed about the economic role of the trade union”. Anyway, according to him, these would still end up “edging the motivations of the economic role of the union in the demand and offer curves of the Marginalist scheme” (Tarantelli 1978 [5], p. 18).
- 67.
Although a preliminary draft of it is sometime mentioned, The economics of neorcorporatism has never been published in English, even though Tarantelli in the last months of his life had made an agreement with an international publishing house. Its contents were reproposed and integrated by Tarantelli with some refinements in the last years of his life, in (Tarantelli 1986). A copy of The economics of neocorporatism is kept in the Rare book, manuscript and special collections library of the Duke University. Comparing the version of 1986 with the preliminary one, it emerges that the sections of the work re-proposed in a more faithful way can be considered the central ones, where Tarantelli carries out an empirical compared analysis of the efficacy of the inflation recovery policies in 16 industrialized countries. The remaining materials have been reallocated in various appendixes and chapters.
- 68.
Even though Tarantelli was not an isolated voice, it is useful to note that in that period, the trade union was still treated from a theoretical point of view as an external element to the analytical scheme, or however treatable through the mainstream approach. Compare (Hunter-Robertson 1969). Clegg’s and Corina’s contributions can be however considered contiguous to Tarantelli’s modus operandi. Clegg shares with Tarantelli the method of compared analysis as regards the systems of industrial relations. He carries out, in fact, a compared examination of the structure and of the articulation of the collective bargaining system in six different countries (Clegg 1976). Similarly, Corina affirmed that “Institutional analysis is not a substitute for economic analysis of the labour market. But neither is it a competitor. To the extent that economic analysis fails to incorporate elements of institutional analysis, so it will tend to fall short of architectonic success in matching greater finesse with greater realism” (Corina 1972, p. 64).
- 69.
This was Tarantelli’s original formulation. He would have improved and integrated it again before the agreement of 22nd January 1983.
- 70.
Heiner (1983).
- 71.
Chiaromonte et al. (1985, p. 7).
- 72.
A compared analysis of Heiner and Tarantelli’s studies has been carried out in (Giocoli 1998). He identifies mainly two elements of incompatibility between their modus operandi. Heiner makes use of a methodology typical of experimental sciences, in the framework of which the economist acts as an external observer. Giocoli points out, however, that such an approach cannot be considered applicable to Tarantelli’s study subject, i.e. the industrial relations system. In such a framework, Giocoli asks himself “First of all, who is the external observer? Secondly, is there a sequence of choice situations long enough which allows us to estimate the probability by the observer?” (Giocoli 1998, p. 70). In Giocoli’s opinion another element of incompatibility has to be connected to a mistake made by Tarantelli. Whilst in Heiner’s model the result of a certain choice depends on the state of nature which is independent from the choice itself (this means that the notion of subordinated probability finds correct application), this does not happen in Tarantelli’s analysis, where it is the action that determines the situation or the choice. Compare Tarantelli (1986 [1], p. 112).
- 73.
Tarantelli (1986 [1], p. 116). More details can be found on pages 111–122.
- 74.
- 75.
Compare Carniti’s presentation at the international congress dedicated to Ezio Tarantelli held on 26–27th March 2010 at the University “La Sapienza”.
- 76.
Amongst the trade union experts Franco Archibugi, Luigi Di Vezza and Marina Ricciardelli should be mentioned. Amongst the young scholars who collaborated more steadily with ISEL can be found: Elisabetta Addis, Massimo Bordignon, Giuseppe Cananzi, Bruno Chiarini, Elvio Dal Bosco, Claudio De Vincenti, Riccardo Fiorito, Gabriele Olini and Leonello Tronti.
- 77.
Tarantelli (1978 [5], p. 111).
- 78.
As regards the model’s structure, the specification of the behaviour equations and interesting indications regarding the origin of MOMEL, see Fiorito (1984).
- 79.
- 80.
Fiorito (1984, p. 20).
- 81.
- 82.
In order to deepen the subject of the optimal control techniques, Tarantelli, had suggested to some of this students, one of whom was Bruno Chiarini, to perfect it under the guidance of David Vines. Tarantelli had also indicated Meade (1982) and Vines-Meade-Maciejowski (1983) as fruitful reference works.
- 83.
From an excerpt of strategic resolution n.20 of the Red Brigade reported in Corriere della sera of 31st March 1985.
References
Ackley, G. (1971). Teoria macroeconomica. Torino: Einaudi.
Acocella, N., & Leoni, R. (Eds.). (2007). Social pacts, employment and growth. Heidelberg:Physica-Verlag.
Amari, G., & Rocchi, N. (Eds.). (2007). Federico Caffè, un economista per gli uomini comuni. Roma: Ediesse.
Ando, A., & Modigliani, F. (1963). The life cycle hypothesis of saving: aggregate implications and tests. American economic review, 53(1), 55–84.
Ando, A., Modigliani, F., & Rasche, R. (1974). Equations and definitions of variables for the FRB-MIT-Penn model. November 1969. In B. Hickman (Ed.), Econometric models of cyclical behaviour (pp. 543–598). New York: NBER.
Asso, P. (Ed.). (2007). Franco Modigliani L’impegno civile di un economista. Scritti editi ed inediti sull’economia e la società italiana. Siena: Fondazione Monte dei Paschi.
Avonto, G. (2010). Ricerca e proposta nelle sfide di Tarantelli, Fondazione Vera Nocentini.
Balla, P. (1985). Mercato del lavoro e inflazione. L’analisi di Ezio Tarantelli. Torino: Università degli studi di Torino.
Banca d’Italia. (1970). Un modello econometrico dell’economia italiana (M1 BI). Roma: Centro stampa della Banca d’Italia.
Barro, R., & Gordon, D. (1983). Rules, discretion and reputation in a model of monetary policy. Journal of monetary economics, 12(1), 101–122.
Becchi Collidà, A. (1978). L’economia italiana fra sviluppo e sussistenza. Milano: Angeli.
Beenstock M., & Warburton, P. (1982). An aggregative model of the UK labour market. Oxford Economic Papers, 34(2), 253–275.
Binetti, A. M., & Ghiani, E. (2008). At the origins of the NAIRU: short-term economic policy and the development of the first Italian macroeconometric models. History of economic ideas, 16(1–2), 103–132.
Black, S., & Kelejian, H. (1970). A macro model of the US labour market. Econometrica, 38(5), 712–741.
Brumberg, R., & Modigliani, F. (1954). Utility analysis and the consumption function: an interpretation of cross-section data. In K. Kurihara (Ed.), Post Keynesian economics (pp. 388–436). New Brunswick: Rutgers University Press.
Caffè, F. (1976). Una dichiarazione al “Manifesto” dell’economista Caffè, in (Tarantelli 1976 [11]), pp. 87–88.
Caffè, F. (1978). Lezioni di politica economica. Bollati Boringhieri: Torino.
Caffè, F. (2007a [1983]). Morte di un grande economista. La solitudine insidiata di Sraffa, ‘Il Manifesto’, 7th September. In G. Amari & N. Rocchi (Eds.), Federico Caffè, un economista per gli uomini comuni (pp. 605–606). Roma: Ediesse.
Caffè, F. (2007b [1985]). Il conflitto é ammaestrabile? L’economista nello scontro sociale, ‘Il Manifesto’, 30th May. In R. Carlini (Ed.), Federico Caffè. Scritti quotidiani (pp. 141–145). Roma: Il Manifesto libri.
Carlini, R. (Ed.). (2007). Federico Caffè, Scritti quotidiani. Roma: Il Manifesto libri.
Chiarini, B. (1989). Il mercato del lavoro nei modelli macroeconomici. Una rassegna dell’evidenza econometrica dei modelli italiani. Economia & lavoro, 23(3), 3–24.
Chiaromonte, G., Caffè, F., Leijonhufvud, A., & Thurow, L. (1985). Ricordando Ezio Tarantelli. Politica ed economia, 16(5), 5–7.
Ciocca, P. (2007). ‘Doing good’. Ezio Tarantelli’s approach to political economy. In N. Acocella & R. Leoni (Eds.), Social pacts, employment and growth (pp. 15–22). Heidelberg/New York: Physica-Verlag.
Clegg, H. A. (1976). Trade unionism under collective bargaining. Oxford: Basil Blackwell.
Colajanni, N. (1976). Perché non sono d’accordo con Modigliani sulla riduzione dei salari reali in Italia, in (Tarantelli 1976 [11]), pp. 89–94.
Corina, J. (1972). Labour market economics. London: Heinemann Educational Books.
D’Adda, C., De Antoni, E., Gambetta G., Onofri p., & Stagni, A. (1976). Il modello econometrico dell’Università di Bologna: struttura e simulazioni. Bologna: Il Mulino.
De Vincenti, C., & Zevi, A. (1983). Cambiare per non tornare indietro. Quaderni della rivista trimestrale, 73–74, 57–101.
Dicks-Mireaux, L. A., & Dow, J. C. R. (1959). The determinants of wage inflation: United Kingdom (1946–56). Journal of the Royal Statistical Society, 122(2), 145–184.
Dornbusch, R. (1983). Inflation, debt and indexation. Cambridge: MIT Press.
Downward, P. (1999). Pricing theory in post Keynesian economics. Cheltenham/Northhampton: Edwar Elgar.
Fazio, A. (2010 [1995]). L’attualità del pensiero di Tarantelli. Rivista italiana di ragioneria e di economia aziendale, 95(5–6), 226–230. Reprinted in Dal conflitto allo scambio. L’attualità del pensiero di Tarantelli (2010). Edizioni Lavoro, Roma, pp. 71–77.
Filosa, R., & Rey, G. M. (1988). Presentazione, in Tarantelli (1988 [2]), pp. xiii–xxviii.
Fiorito, R. (1984). Mercato del lavoro e politica economica. Venezia: Marsilio.
Friedman, M. (1957). A theory of the consumption function. Princeton: National Bureau of Economic Research.
Fuà, G. (Ed.). (1976). Il “modellaccio”: modello econometrico dell’economia italiana. Milano: Angeli.
Gandolfo, G. (1975). Appunti di macroeconomia. Roma: Edizioni ricerche.
Garofalo, G., & Graziani, A. (2004). La formazione degli economisti in Italia (1950–1975). Bologna: Il Mulino.
Giocoli, N. (1998). Neocorporatismo ed incertezza: la soluzione di Tarantelli-Heiner. Studi Economici, 53(2), 49–79.
Graziani, A. (1976a). Blocco dei salari, medicina sbagliata, ‘Paese Sera’, 29th January, in (Tarantelli 1976 [11]), pp. 118–121.
Graziani, A. (1976b). Processo alle “intenzioni” del Cespe. Rinascita, 33(41), 14–15.
Graziani, A. (1981). La teoria della distribuzione del reddito. In G. Lunghini (Ed.), Teorie economiche e scelte politiche in Italia (1945–1978) (pp. 285–340). Torino: Einaudi.
Guiso, L. (1985). Wage indexation: income and inflation. Roma: Banca d’Italia.
Heiner, R. (1983). The origin of predictable behaviour. The American economic review, 73(4), 560–595.
Holt, R., & Pressman, S. (2001). A new guide to Post Keynesian economics. London/New York: Routledge.
Hunter, L. C., & Robertson, D. J. (1969). Economics of wages and labour. London: Macmillan.
Indovina, F. (1978). Gli ostacoli alla trasformazione. In A. Becchi-Collidà (Ed.), Le relazioni industriali fra sviluppo e sussistenza (pp. 46–55). Milano: Angeli.
Keynes, J. M. (1930). The question of high wages. The Political Quarterly, 1(1), 110–124.
La Malfa, G., & Vinci, S. (1970). Il tasso di partecipazione della forza lavoro in Italia. L’Industria, 84(4), 443–469.
Lee, F. (1998). Post Keynesian price theory. Cambridge: Cambridge University Press.
Lucas, R. (1973). Some international evidence on output-inflation trade off. American Economic Review, 63(3), 326–334.
Lucas, R., & Rapping, L. (1969). Real wages, employment and inflation. Journal of Political Economy, 77(5), 721–754.
Lunghini, G. (Ed.). (1981). Scelte politiche e teorie economiche in Italia: 1945–1978. Torino: Einaudi.
Maciejowski, J. M., Meade, J., James, E., & Vines, D. (1983). Stagflation. vol. I Demand management. London: Allen and Unwin.
Meade, J. E. (1982). Stagflation. vol. I. Wage fixing. London: Allen and Unwin.
Modigliani, F. (1975a). Attenzione ai pericoli della contingenza unificata, ‘Corriere della sera’ 3rd February, in (Tarantelli 1976 [11]), pp. 71–74.
Modigliani, F. (1975b). Se un operaio guadagnasse mezzo milione al mese, ‘Corriere della sera’, 9th March, in (Tarantelli 1976 [11]), pp. 75–80.
Modigliani, F. (1976a). Intervista negli Stati Uniti con Franco Modigliani, in (Tarantelli 1976 [11]), pp. 81–86.
Modigliani, F. (1976b). Primo: la disoccupazione, in (Tarantelli 1976 [11]), pp. 129–134.
Modigliani, F. (1999). Avventure di un economista. Roma-Bari: Laterza.
Modigliani, F., & Padoa-Schioppa, T. (1977). La politica economica in una economia con salari indicizzati al 100 o più. Moneta e Credito, 117(1), 3–53.
Monti, M. (1981). Ridisegnare la scala mobile, ‘Corriere della sera’, 25th April.
Monti, M. (1982). Come migliorare la scala mobile, ‘Corriere della sera’, 8th July.
Monti, M. (1984). Scala mobile depurata, ‘Corriere della sera’, 30th January 1984.
Mottura, G., & Pugliese, E. (1975). Agricoltura, mezzogiorno e mercato del lavoro. Bologna: Il Mulino.
Muth, J. (1961). Rational expectations and the theory of price movements. Econometrica, 29(3), 315–335.
Napoleoni, C. (1976). La falsa ricetta del prof. Andreatta, in (Tarantelli 1976 [11]), pp. 111–117.
Napoleoni C., Modigliani F. (1976). Chi pagherà per la crisi?, in (Tarantelli 1976 [11]), pp. 154–177.
Nicola, A., & Riccardo, L. (Eds.). (2007). Social pacts, employment and growth. Heidelberg/New York: Physica-Verlag.
Okun, A. (1962). Potential GNP: Its measurement and significance. Proceedings of the Business and Economic Statistics Section, American Statistical Association, Washington, DC, pp. 98–103.
Paci, M. (1974). Mercato del lavoro e classi sociali in Italia. Bologna: Il Mulino.
Robinson, J. (1953). Imperfect competition revisited. The Economic Journal, 63(251), 579–593.
Robinson, J. (1965). The accumulation of capital. London: Macmillan.
Roccas, M. (1971). Gli studi sulla funzione del salario nell’industria in Gran Bretagna e negli Stati Uniti, supplement to ‘Congiuntura italiana’, 14(8–9), 1–54.
Rosen, H., & Quandt, R. (1978). Estimation of a disequilibrium aggregate labour market. The Review of Economics and Statistics, 60(3), 371–379.
Sarcinelli, M. (2007). The 1960s and Ezio’s awakening to the social problems of Italy. In N. Acocella & R. Leoni (Eds.), Social pacts, employment and growth (pp. 23–30). Heidelberg/New York: Physica-Verlag.
Simler, N., & Tella, A. (1968). Labor reserves and the Phillips curve. Review of Economics and Statistics, 50(1), 32–49.
Sylos-Labini, P. (1967). Un modello dinamico per l’economia italiana. Roma: Edizioni dell’Ateneo.
Tella, A. (1964). The relation of labour force to employment. Industrial and Labour Relations Review, 17(3), 454–469.
Tella, A. (1965). Labour force sensitivity to employment by age and sex. Industrial Relations, 4(2), 69–83.
Tivegna, M. (1984). Inflazione, occupazione ed equilibrio esterno: analisi empiriche con un modello dell’economia italiana. Bologna: Il Mulino.
Valli, V. (1993). Politica economica (Vol. I–II). Roma: La Nuova Italia Scientifica.
Vicarelli, F. (1987). Le idee forti di Tarantelli. In F. Vicarelli (Ed.), La questione economica nella società italiana (Analisi e proposte, pp. 396–399). Il Mulino: Bologna.
Villa, P. (1984). Economia del lavoro: dalla teoria neoclassica alla teoria della segmentazione. Milano: ISU.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2012 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Michelagnoli, G. (2012). Ezio Tarantelli: Sketches of an Intellectual Biography. In: Ezio Tarantelli - Economic Theory and Industrial Relations. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-22312-9_2
Download citation
DOI: https://doi.org/10.1007/978-3-642-22312-9_2
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-22311-2
Online ISBN: 978-3-642-22312-9
eBook Packages: Business and EconomicsEconomics and Finance (R0)