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L'importanza della teoria economica per il benessere e la crescita economica (The importance of economic theory for economic growth and wellbeing)

Author

Listed:
  • Bertram Schefold

    (University J.W. Goethe, Frankfurt am Main)

Abstract
A permettere il primato economico europeo in epoca moderna non sono stati solo la collocazione geografica, la tecnologia, e la competizione tra nazioni, ma anche la conoscenza economica. Diffusa a partire dal medioevo come conoscenza tacita e pratica, questa è gradualmente divenuta conoscenza esplicita e teorica, e ha contributo alla formazione delle istituzioni e alla percezione dell'attività economica. Il lavoro considera tre esempi: il dibattito sull'usura durante la Riforma, la teoria monetaria e lo sviluppo delle banche nel XIX secolo, e l'ordoliberalismo e il processo di unificazione europea. It was not only the geographical location, technology, and competition among nations that gave Europe its economic supremacy in modern times. The growth of economic knowledge, was relevant too. Since the late Middle Ages, it has spread as tacit practical knowledge, then gradually as theoretical and explicit knowledge. It helped forming institutions and shaping the perception of economic activity. The essay considers three examples: the usury debate during the Reformation, monetary theory and bank development in the 19th century, and Ordoliberalism and the process of European unification.

Suggested Citation

  • Bertram Schefold, 2020. "L'importanza della teoria economica per il benessere e la crescita economica (The importance of economic theory for economic growth and wellbeing)," Moneta e Credito, Economia civile, vol. 73(290), pages 155-179.
    • Handle: RePEc:psl:moneta:2020:23
    as

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    File URL: https://ojs.uniroma1.it/index.php/monetaecredito/article/view/16890/16239
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    References listed on IDEAS

    as
    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. Dirk Bergemann & Stephen Morris, 2012. "Robust Mechanism Design," World Scientific Book Chapters, in: Robust Mechanism Design The Role of Private Information and Higher Order Beliefs, chapter 2, pages 49-96, World Scientific Publishing Co. Pte. Ltd..
    3. Fabio Petri, 2004. "General Equilibrium, Capital and Macroeconomics," Books, Edward Elgar Publishing, number 3438.
    4. Barry Gordon, 1975. "Economic Analysis before Adam Smith," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-02116-1, March.
    5. Bertram Schefold, 2016. "Political Economy in the Pseudo-Aristotelian Oeconomica II and the German Cameralist Klock," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2016(2), pages 59-72.
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    More about this item

    Keywords

    economic thought; development; economic growth; Europe;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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