Augusto Graziani’s legacy retains its currency

The recent passing of economist Augusto Graziani has received little attention, but his insights on the monetary economy were fundamental in shaping post-Keynesian thinkers.

I was going to write a retrospective on Ben Bernanke this week, since his tenure as Federal Reserve chairman ends soon, and it’s time to look back on his period in office – as he himself did on his predecessors during the Great Depression. But a far more important departure occurred last week: the Italian economist Professor Augusto Graziani died at the age of 80.

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