By Miguel-angel Galindo Martin, Cristina Nardi Spiller
The participants hide 3 facets in their topic - the contributions of Italian authors, Smithsonian ways on schooling, progress and ethical facets, and, eventually, a few smooth contributions.
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Additional resources for Issues in Economic Thought (Economic Issues, Problems and Perspectives)
Menegazzi‘s approach adhered closely to Catholic social doctrine, an integral being the concept and practice of solidarity. The Church‘s teaching set out also the principles of individual and collective behaviour; it was much more than a collection of works on social problems. Menegazzi‘s attempt to codify the laws regulating human behaviour was certainly not utopian; he formulated a precise set of rules governing logical behaviour. Failure to respect these laws resulted in disorders and possibly irreparable distortions if the disorders spread.
44). The secular growth curve, which started after the potential growth curve and continued unbroken, indicated how the economy behaved when entrepreneurs received a satisfactory level of profit25, a level that justified past decisions and was sufficient to prompt new initiatives. The salient feature of the secular growth curve was its position parallel to the potential growth path, as would be expected. In fact, a lesser distance between the two paths would have implied a level of profit insufficient to stimulate new investment, while a greater 24 The relationships between the curves were neither immediate nor easy to understand.
Later, attention waned, with a revival at the end of the century. After briefly outlining some of the leading contributions to this complex theme, we turn to the thought of certain representative Italian economists. In this context, we examine the approaches of Amoroso, Fanno, Menegazzi and Vito, and consider how their theories uncover new explanatory pathways. Effectively, as economic systems evolve, unexplored opportunities for enquiry may emerge from existing mechanisms or previously neglected elements.