[Autom. eng. transl.] According to the American Dialect Society (ADS) the "word of the year" 2008 was bailout (rescue). This does not come as a surprise since, to try to prevent the spread of the crisis - similarly to what occurred during the two great international economic crises preceding, that of 1929 and that of the seventies -, in many countries the State is intervened to save the big banks and companies in difficulty. Referring to the seventies it is possible to see that, in the most difficult moment of the economic situation, the States have acted quickly to protect their industrial and credit apparatus and that most of the economists - as is the case today - have criticized this choice by of government authorities. However, it was also acknowledged that exceptions were permissible. That of public intervention in the function of rescue, therefore, presents itself as an "inconvenient" topic to be treated, which seems to escape a rigorous theoretical analysis. With this essay we propose to analyze the debate among Italian economists in the face of the crisis and the hypotheses of bailouts in Italy in the seventies, in an attempt to show that the theme created not a few difficulties for the scholars who dedicated themselves to it, independently of the their theoretical orientation.
|Translated title of the contribution||[Autom. eng. transl.] ECONOMIC CRISIS AND RESCUE IN ITALY IN THE 70s|
|Number of pages||14|
|Publication status||Published - 2011|
- CRISI ECONOMICA