Abstract

The Italian economy has long been featuring a disappointing trend, to which political and institutional changes have not brought any benefit. Several economists and other social scientists have interpreted the causes of these difficulties, and have tabled a number of proposals on how to tackle them. This note focuses on the scientific contribution of Fausto Vicarelli (1936-1986), who, in reviving the “genuineµ Keynesian theory, places at the core of his analytical framework and economic policy proposal, the “accumulation crisisµ that marked the Western economies not only of his era.