Tag Archives: Intereconomics

The COVID-19 pandemic is an invitation to what the economist Joseph Schumpeter called creative destruction: a chance to liquidate obsolete investments and to create something new, better, and, in the jargon, more ‘resilient’ and ‘sustainable’. Schumpeter understood that humankind does not progress in a balanced way, rather it lurches from one extreme to another, each extreme producing its own reaction. In political economy, the subject of this contribution, the excesses of the...

 Una rivista tedesca in lingua inglese che si occupa di Europa, Intereconomics, mi ha chiesto un editoriale sulla situazione corrente Italia-Europa. Chapeau. Editorial Italy: A Question of Interest Rates and Trust Sergio Cesaratto, Università di Siena, Italy. Contrary to the image generally portrayed to Northern European countries, Italy is not a fiscally profligate country. Indeed, Italy has a record of primary fiscal surpluses (balances that exclude interest rate payments)...