Background
Sylos-Labini, Paolo was born on October 30, 1920 in Rome. Son of Michele and Margherita (Viggiani).
(First published in 1962, this study explores the theoreti...)
First published in 1962, this study explores the theoretical problems of price formation and price variations under oligopoly, and the long-run consequences of the spread of oligopolies on employment, investment and the national income. The revised edition extends aspects of the authors integrated microeconomic and macroeconomic analysis of market forms and price variations. A new section explicitly treats the growth of firms and evaluates empirical criticims of the stagnation theory advanced in the first edition. The author's "Oligopoly: Static and Dynamic Anlaysis" has been appended to this reprint edition. "The merit of the book lies in its insistence that ... for undifferentiated oligopoly, theory does not need conjectural reaction curves." Journal of Political Economy. "Its language and insights will become an integral part of economic theory and analysis." Library Journal>/i>
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(Innovation, changes in market structure, and changes in i...)
Innovation, changes in market structure, and changes in income distribution are the forces that drive the general process of economic growth or decline. This is the concept that unifies these essays written between 1954 and 1983 by the noted economist Paolo Sylos-Labini. In each essay as he illuminates some aspect of this concept, Sylos-Labini displays a historical sensibility to theory that distinguishes him from most modern economists. Essays in the first section lay the groundwork for the book by going back to the classical economists, directly and indirectly through Schumpeter. Throughout the rest of the book, Sylos-Labini's explication and appraisal of the theories of Smith, Ricardo, Manx, and Schumpeter concerning innovation, market structure, and income distribution inform his own search for a theoretical model to analyze the process of economic growth and decline in the current stage of modern capitalism's evolution. In the book's second section, essays address innovation and changes in productivity. In the third section, they focus on changes in market structure, exploring the relationship among oligopoly, pricing, inflation, and economic growth. A final section of the book is concerned primarily with the relationship between economic growth and income distribution.
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Sylos-Labini, Paolo was born on October 30, 1920 in Rome. Son of Michele and Margherita (Viggiani).
Laurea in Giurisprudenza, University Rome, 1942. Laurea in Economia, University Genoa, 1989.
Assistant Lector Economics, University Rome, 1944-1956. Assistant Professor of Economics, University Sassari, Sardinia, 1955-1957. Professor of Economics, University Catania, 1957-1960.
Professor of Economics, University Bologna, 1960-1962. Visiting Professor, Universities Oxford and Cambridge, 1960, 1966, Massachusetts Institute of Technology, Cambridge, Mass., USA, Harvard, 1965, UNAM Mexico, 1976, Yamaguchi, Japan, 1978, Rio De Janeiro, 1979, Sydney, 1980. Professor of Economics, University Rome, Italy, since 1962.
Editorial Board, International J. Industrial Organization, 1983-,
Moneta e credito, Banca Nazionale del Lavoro Quarterly Review, since 1983.
(First published in 1962, this study explores the theoreti...)
(Innovation, changes in market structure, and changes in i...)
(Harvard Economic Studies, V119.)
Author: Oligopoly and Technical Progress, 1993, The Forces of Economic Growth and Decline, 1984, Economic Growth and Business Cycles, Underdevelopment - A Strategy for Reform, 2001.
As a young student at the University of Rome in 1940, I chose to prepare a dissertation on the economic consequences of inventions: I was fascinated by the great technical inventions of our time. To my surprise, I discovered that Joseph Schumpeter was one of the few modern economists who had devoted systematic attention to technical innovations and economic growth. Otherwise it was necessary to go back to the great classical economists and to Karl Marx.
Growth and technical progress then have always been my main intellectual interests. Gradually I became convinced that to understand the process
of economic growth it was necessary to study, at the same time, innovations, changes in market forms and changes in income distribution — these being the three specific processes that constitute the general process of economic growth. My interests in growth did not remain on the purely theoretical plane but soon moved to empirical and econometric analyses, as well as to practical questions of economic policy (for a period I was one of the advisers to the Minister of the Budget).
Also my recent book on underdeveloped countries combines theoretical analysis and empirical research. The guideline of all my work can be summarised as follows. The ideal future development of economic analysis would be a combination of Ricardian rigour with Smithian wisdom in which history is not a field left to specialists but the necessary background of theoretical economics.
Advisor oil law Italian Prime Minister, Rome, 1955. Member council of advisors Minister of the Budget, Rome, 1965-1972. Member Accademia dei Lincei, Academia Europaea (London), Académie Européenne des Sciences (Paris).
Son of; married Maria Rosaria Azzone, June 13, 1960. Children: Stefano, Francesco.