HISTORY OF ECONOMIC THOUGHT AND POLICY

Francesco Cattabrini; Fabio Masini

doi:10.3280/SPE2017-002002

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THIS DOI METADATA WAS LAST UPDATED: 2024-01-10 22:59

DOI data

10.3280/SPE2017-002002

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Full Title

HISTORY OF ECONOMIC THOUGHT AND POLICY
Publisher

FrancoAngeli
ISSN

2240-9971 (Printed Journal)

2280-188X (Online Journal)

Journal Issue Data

Journal Issue Number

2
Journal Issue Designation

2
Journal Issue Date (YYYY/MM)

2017/10

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Balance of Payment, Wage Indexation and Growth: the Role of CESPE in Italian Policy-Making in the 1970s
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25
Last Page

48
Language of text

English
Publication Date

2017/10
Copyright

2017 FrancoAngeli srl

Introduction or preface

Italian policy-making changed dramatically during the Seventies. Exogenous events (like the end of the Bretton Woods system and the oil shocks) and endogenous transformations of the major economic (wage indexation, planning system, instrument of governmental intervention in industries, tax system, relationship between monetary authority and Treasury) and political institutions (workers statute, public health insurance, role of regions, school system) deeply changed the Italian society. Such changes were accompanied and often guided by experts, who exerted a major influence on policymaking. This influence mainly operated through some influential think tanks, which set the table for fundamental public policies. Among them, one of the most relevant was CESPE, the research centre of the Italian Communist Party, to which most leading Italian economists of the time gave their contribution, and that organized several workshops and published research and policy papers. The aim of the paper is to highlight the contribution CESPE gave to the transformation of Italian policy-making in the Seventies.

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Francesco Cattabrini

Fabio Masini

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