European Economics at a Crossroads

European Economics at a Crossroads

J. Barkley Rosser Jr, Richard P.F. Holt and David Colander

As Europe moves toward an integrated academic system, European economics is changing. This book discusses that change, along with the changes that are happening simultaneously within the economic profession. The authors argue that modern economics can no longer usefully be described as ‘neoclassical’, but is much better described as complexity economics. The complexity approach embraces rather than assumes away the complexities of social interaction.

Chapter 6: Mauro Gallegati and Laura Gardini

J. Barkley Rosser Jr, Richard P.F. Holt and David Colander

Subjects: economics and finance, economics of education, methodology of economics, education, economics of education

Extract

This interview took place on 18 May, 2008, in Harrisonburg, Virginia Why don’t both of you tell us how you got into economics? Mauro, let’s start with you. Mauro: I graduated from a small university in Italy, Macerata. I wrote a thesis in history of economic thought, which focused on neo-Ricardian economics. Then I went to Torino and Cambridge University. I finally did a dottorato (PhD) at Ancona. I spent the second year of the dottorato with Hyman Minsky in St Louis, and then at MIT with Lance Taylor. I also did some work with Moses Abramowitz at Stanford, where I met Joe Stiglitz and since then we have done some work together (Gallegati and Stiglitz, 1992). I received an assistant professorship in Urbino in 1988, and that is where I met Laura, who was interested in chaos theory. Actually, my thesis was on business cycles with ceilings and floors. I became an associate professor, then a full professor in 1995. I moved to Ancona in 2001. You have followed an unusual path for an economist. You were initially interested in history of economic thought, publishing work on the influence of Alfred Marshall in Italy (Gallegati, 1990; Dardi and Gallegati, 1992). But then you moved on to be a more mathematically oriented economist. Why did you leave history of thought? Mauro: I became more and more interested in real economics. In Italy there is a tradition of theoretical economics. Empirical economics in Italy 94 Mauro Gallegati and Laura Gardini 95...

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