This paper deals with the Italian economic decline from a double perspective. First, it provides a reconstruction of the main Post Keynesian arguments explaining the bad macroeconomic performance of the Italian economy, starting from the end of the “economic miracle”. Second, it proposes a re-reading of the CGIL’s view, showing that is it consistent with a theoretical approach based on the fundamental assumptions and policy prescriptions of the Post Keynesian framework.
Keywords: Italian economic decline, labour market, unions
JEL classification: E60: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General J50: Labor-Management Relations, Trade Unions, and Collective Bargaining: General
Download: Working Paper PKWP1801