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Eugenio Caverzasi

Graziani’s Monetary Circuit and the Securitizing system

I do not consider myself as a circuitist and I cannot boast of being an expert of Augusto Graziani’s thinking. However, while writing this post I realized that the extent of his direct and indirect influence on my work has been probably greater than I previously thought. I was lucky

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Carolyn Sissoko

Graziani’s seminal contribution to banking theory

I was trained in a mainstream economics department (UCLA), and as a result came to circuit theory backwards. In graduate school I was frustrated by the superficial treatment of money in the mainstream models, which didn’t even try to engage with what money is, with its relationship to the banking

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Heinz D. Kurz

In memoriam of Augusto Graziani

I met Augusto Graziani for the first time in the early 1980s. He was then already a highly renowned economic theorist, particularly famous for his contributions to monetary economic theory, whilst I was a freshly appointed professor of economics at the University of Bremen. Graziani was a most pleasant and

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Steve Keen

Standing on the shoulders of a Giant

There have been critics of Neoclassical economics virtually since its inception in the 1870s: the very word was coined by Veblen as a term of ridicule rather than of praise (Pratten 2023, p. 63). But despite this, Neoclassical interpretations of economic concepts still permeate the minds of its critics. As

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Marc Lavoie

Augusto Graziani
and the post-Keynesians

Meetings I first met Augusto Graziani and became aware of him at the 1984 Trieste summer school, which gathered key post-Keynesian and Sraffian scholars for nearly a decade. The other participants to the summer school, listening to the various lectures and round tables, were doctoral students or young teachers like

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L. Randall Wray

Remembering Professor Graziani

I believe I first came across Professor Graziani’s work when I was writing a paper for Professor Hyman Minsky’s course on money. I was interested in the raging debate between Tom Asimakopulos and a number of Post Keynesians over the investment-saving relation. (Asimakopulos 1983, 1985, 1986) While he accepted Keynes’s

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Jan Toporowski

A failed banker reflects on
Augusto Graziani

Being a failed banker gives an unusual perspective on monetary theory, in particular on the monetary ideas of Augusto Graziani (1933-2014). By ‘failed banker’, I do not mean the ruined financier of popular legend, the Saccard or John Gabriel Borkman, the collapse of whose Ponzi schemes was so memorably analysed

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Guglielmo Forges Davanzati

A Tribute to Augusto Graziani

Tribute appeared in Heterodox Economics Newsletteron January 2014 It is difficult to write a “tribute” to Augusto Graziani, remembering his warning that writing the obituary of a University professor gives the person writing it a great opportunity to self-promote.This tribute is intended solely to provide scholars who are not familiar

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Riccardo Bellofiore

Augusto Graziani: an ‘untimely’ economist

Augusto Graziani: an ‘untimely’ economist Riccardo Bellofiore Augusto Graziani (1933-2014) was one of the last representatives of an original post-WWII Italian tradition, capable of novel and critical contributions, opposed to traditional approaches fostering conformism. Graziani was President of the Italian Economic Association (1998-2001) and Senator of the Italian Republic (1992-1994,

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