MODIGLIANI, Franco.
The Debate Over Stabilization Policy.
Cambridge: Cambridge University Press , 1986.
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First Edition of Franco Modigliani's The Debate Over Stabilization Policy
First edition of this analysis of the conflict between Keynesian and monetarist views on managing economic instability. Octavo, original publisher's light blue cloth, light blue top stain. This is the second book in the Raffaele Mattioli Lectures series. The Fondazione Raffaele Mattioli per la Storia del Pensiero Economico — the Raffaele Mattioli Foundation for the History of Economic Thought — is an Italian cultural and scholarly institution established on April 4, 1979, and formally recognized by presidential decree on October 31, 1984, with the stated purpose of promoting, fostering, and developing the study of the history of economic thought through scientific research, teaching, seminars, archival investigation, and the publication of scholarly works and monographs. The foundation takes its name from Raffaele Mattioli (1895–1973), the celebrated Italian banker and humanist who served as managing director and later president of the Banca Commerciale Italiana for four decades, and who was widely regarded as one of the most cultivated and intellectually distinguished figures in twentieth-century Italian public life. Fine in a near fine dust jacket with the cardboard slipcase which is in very good condition.
The Debate Over Stabilization Policy (1986) is a significant work of macroeconomic scholarship by Franco Modigliani (1918–2003), the Italian-American economist who held the position of Institute Professor Emeritus at MIT and received the Nobel Memorial Prize in Economic Science in 1985 for his pioneering work in analyzing the functioning of financial markets and the behavior of household savers. Published under the auspices of the Raffaele Mattioli Foundation as part of the prestigious Raffaele Mattioli Lectures series, the book examines the central disputes that defined postwar macroeconomics — most notably the contest between monetarist and Keynesian approaches to economic management, the monetary authorities' response to demand and supply shocks, the use of the money supply as a policy target, and the consumption function and the determinants of household wealth.
The Debate Over Stabilization Policy.
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