Claudio Sardoni Curriculum Vitae
Studies
• 1969/70–1970/71: scholarships from Scuola Italiana di Storia del Pensiero Economico (SISPE), directed by Professor C. Napoleoni.
• 1972: degree in Statistics (Scienze Statistiche e Demografiche) at the Uni- versity of Rome La Sapienza (110/110 cum laude).
• 1979–1982: postgraduate student at the Department of Economics of the University of Adelaide.
• 1983: Doctor of Philosophy at the University of Adelaide with a dissertation on Economic Crises and Effective Demand in Ricardo, Marx, and Keynes (supervisor Professor G. C. Harcourt; examiners Professors J. Kregel e D. Harris).
Academic career and teaching
Academic career
• From 2000/2001: full professor of economics at Sapienza University of Rome.
• 1992–2000: associate professor of economics at Sapienza University of Rome.
• 1981-1992: research fellow (ricercatore) at Sapienza University of Rome.
• 1976–1981: research contract at Sapienza University of Rome.
• 1973–1976: scholarships from CNR and Ministero della Pubblica Istruzione at Sapienza University of Rome.
Teaching Undergraduate courses
• Economics, principles; • History of economics; • Macroeconomics.
Postgraduate courses
• Macroeconomics;
• Monetary theory and policy;
• From 2001–2002 to 2006–2007 and in 2010-11, Director of studies of Dot- torato in Scienze Economiche, Sapienza University of Rome.
Research
• Macroeconomic theory;
• Monetary theory and policy;
• Technological innovation in ICT sectors;
• Role of the state in growth and development;
• History of economic thought (20th century);
• Research project on economic policies in Europe and the US, in collaboration with the Department of Economics of the University of Missouri – Kansas City (bilateral agreement with La Sapienza).
Other activities
• From 1989 to 2010, economics editor at Istituto dell’Enciclopedia Italiana Treccani.
• From 1992 to 2017, member of the Editorial board of Review of Social Econ- omy.
• From 1990, member of the Editorial board of Review of Political Economy.
• Referee for the journals Review of Political Economy, Review of Social Econ- omy, Cambridge Journal of Economics, Metroeconomica. History of Eco- nomic Ideas.
Publications
[1] A. Bianco and C. Sardoni. Banking theories and macroeco- nomics. Journal of Post Keynesian Economics, pages 1–20, https://doi.org/10.1080/01603477.2017.1408418 2018.
[2] C. Sardoni. Marxism and Keynesianism. In D. M. Brenan, D. Kristjanson- Gural, C. P. Mulder, and E. K. Olsen, editors, Routledge Handbook of Marx- ian Economics, pages 362–269. Routledge, London and New York, 2017.
[3] C. Sardoni. Gerald Frank Shove (1887–1947). In R. A. Cord, editor, The Palgrave Companion to Cambridge Economics, volume 2, pages 541–554. Palgrave Macmillan, 2017.
[4] A. Bianco and C. Sardoni. Banking theories and macroeconomics. Working Paper 3, Dipartimento di Scienze Sociali ed Economiche, Rome, 2017.
[5] F. Patriarca and C. Sardoni. Distribution and growth. A dynamic approach. Structural Change and Economic Dynamics, 40:1 – 9, March 2017.
[6] C. Sardoni. Marxian theories of crises: a rejoinder. Review of Keynesian Economics, 4(2):219–223, 2016.
[7] A. Bhatt and C. Sardoni. Public expenditure and growth: The Indian case. Working Paper 7, Dipartimento di Scienze Sociali ed Economiche, Sapienza University of Rome, 2016.
[8] C. Sardoni. Circuitist and Keynesian approaches to money. A reconciliation? Metroeconomica, 68(2):205–227, 2016.
[9] C. Sardoni. A note on the sustainability of full employment in the presence of budget deficits. Review of Political Economy, 28(1):79–89, 2016.
[10] C. Sardoni. Is a Marxist explanation of the current crisis possible? Review of Keynesian Economics, 3(2):143–57, 2015.
[11] C. Sardoni. Searching for the microfoundations of macroeconomics. History of Economic Ideas, 23(1):173–180, 2015.
[12] C. Sardoni. The functions of money and the demand for liquidity. Working Paper 3, Dipartimento di Scienze Sociali ed Economiche, Rome, 2015.
[13] F. Patriarca and C. Sardoni. Growth with unused capacity and endogenous capital depreciation. Metroeconomica, 65(4):646–70, 2014.
[14] C. Sardoni. Richard D. Wolff and Stephen A. Resnick, Contending economic theories. Neoclassical, Keynesian, and Marxian, Cambridge (Ma), The MIT Press, 2012. History of Economic Ideas, 21(3):152–5, 2013.
[15] C. Sardoni. Marx and the Post-Keynesians. In G. C. Harcourt and P. Kriesler, editors, The Oxford Handbook of Post-Keynesian Economics, volume 2, chapter 11, pages 231–44. Oxford University Press, New York, 2013.
[16] C. Sardoni. Say’s Law. In J. E. King, editor, The Elgar Companion to Post Keynesian Economics, pages 490–495. Edward Elgar, Cheltenham, 2nd edition, 2012.
[17] C. Sardoni. The provocative Joan Robinson: The making of a Cambridge economist, by Nahid Aslambeigui and Guy Oakes. Eastern Economic Jour- nal, 38:561–3, 2012.
[18] F. Patriarca and C. Sardoni. Distribution and growth: a dynamic Kaleckian approach. Working Paper 697, Levy Economics Institute of Bard College, 2011.
[19] J. Hurtubia Torres and C. Sardoni. Policy implications of using audits to detect bank insolvencies. Working Papers 651, Central Bank of Chile, 2011.
[20] C. Sardoni. An alternative approach to the problem of public debt. In T. Niechoj, O ̈. Onaran, E. Stockhammer, A. Trueger, and T. van Treeck, editors, Stabilising an Unequal Economy?, pages 97–116. Metropolis-Verlag, Marburg, 2011.
[21] C. Sardoni. Incomes policy: two approaches. Intervention. European Journal of Economics and Economic Policies, 8(1):147–63, 2011.
[22] C. Sardoni. Unemployment, Recession and Effective Demand. Edward Elgar, Chelthenam, 2011.
[23] C. Sardoni. The new consensus in macroeconomics and non-mainstream approaches. Intervention. European Journal of Economics and Economic Policies, 7(2):255–65, 2010.
[24] C. Sardoni. Money and its future. Development, 53(3):376–80, 2010.
[25] C. Sardoni. A rejoinder to Trigg and Hartwig. Cambridge Journal of Eco-
nomics, 34(3):597–9, 2010.
[26] J. Hurtubia Torres and C. Sardoni. Financial safety nets, bailouts and moral hazard. Working Paper 8, Doctoral School of Economics - Sapienza Univer- sity of Rome, Rome, 2010.
[27] C. Sardoni. The present crisis: Should we go ‘beyond economics’? Develop- ment, 52(3):308–12, 2009.
[28] C. Sardoni. The problem of debt stabilization: An alternative approach. Working Paper 7, Dipartimento di Economia - Sapienza University of Rome, 2009.
[29] C. Sardoni. The Marxian schemes of reproduction and the theory of effective demand. Cambridge Journal of Economics, 33(1):161–73, January 2009.
[30] C. Sardoni. The sustainability of fiscal policy: an old answer to an old question. Working Papers of the International Economic Policy Institute no. 3, Laurentian University, Sudbury, Ontario, 2009.
[31] C. Sardoni. L’euro: una moneta senza stato. In Il mondo e la storia, volume 3 of XXI Secolo, pages 211–19. Istituto della Enciclopedia Italiana, Roma, 2009.
[32] C. Sardoni. Economics. In S. Gopal and S. L. Tikhvinsky, editors, The
Twentieth Century, volume 7 of History of Humanity, pages 273–80. UN- ESCO Publishing - Routledge, Paris, 2008.
[33] C. Sardoni. Some considerations on equilibrium and realism. Journal of Post Keynesian Economics, 30(3):485–90, 2008.
[34] C. Sardoni. Some notes on the nature of money and the future of monetary policy. Review of Social Economy, 66(4):523–37, 2008.
[35] C. Sardoni. Produttivit`a, differenziali di. In Enciclopedia Italiana XXI Secolo – VII Appendice, volume 3, pages 58–9. Istituto della Enciclopedia Italiana, 2007.
[36] C. Sardoni. Moneta. In Enciclopedia Italiana XXI Secolo - VII Appendice, volume 2, pages 409–12. Istituto della Enciclopedia Italiana, Roma, 2007.
[37] C. Sardoni and R. Wray. Fixed and flexible exchange rates and currency sovereignty. Working Paper no. 489, Levy Economics Institute of Bard Col- lege, Annandale-on-Hudson, 2007.
[38] C. Sardoni. The economic rationale of the EMU and the euro. In J. Bi- bow and A. Terzi, editors, Euroland and the World Economy, pages 91–103. Palgrave Macmillan, Basingstoke, 2007.
[39] C. Sardoni and R. Wray. Fixed and flexible exchange rates and currency sovereignty. In E. Hein, J. Prieve, and A. Truger, editors, European Integra- tion in Crisis, pages 53–75. Metropolis-Verlag, Marburg, 2007.
[40] C. Sardoni. Kaldor’s monetary thought: a contribution to a modern theory of money. In M. Forstater, G. Mongiovi, and S. Pressman, editors, Post Key- nesian Macroeconomics, pages 129–46. Routledge, London and New York, 2007.
[41] C. Sardoni. ICT, financial innovation and monetary policy: some critical considerations. In M. Setterfield, editor, Complexity, Endogenous Money and Macroeconomic Theory, pages 304–24. Edward Elgar, Cheltenham, 2006.
[42] C. Sardoni. Why central banks (and money) rule the roost. Working Pa- per no. 457, The Levy Economics Institute of Bard College, Annandale-on- Hudson, 2006.
[43] C. Sardoni and R. Wray. Monetary policy strategies of the European Central Bank and the Federal Reserve Bank of the United States. Journal of Post Keynesian Economics, 28(3):451–72, 2006.
[44] M. C. Marcuzzo and C. Sardoni. Fighting for the keynesian revolution.
the correspondence between Keynes and J. Robinson. In M. C. Marcuzzo and A. Rosselli, editors, Economists in Cambridge. A study through their correspondence, 1907-1946, pages 174–95. Routledge, London and New York, 2005.
[45] C. Sardoni. Employment, the trade cycle and the war effort. The corre- spondence between Keynes and Kaldor. In M. C. Marcuzzo and A. Rosselli, editors, Economists in Cambridge. A study through their correspondence, 1907-1946, pages 216–35. Routledge, London and New York, 2005.
[46] C. Sardoni. Robinson on Marx. In B. Gibson, editor, Joan Robinson’s Economics, pages 43–56. Edward Elgar, Cheltenham, 2005.
[47] C. Sardoni. Shove, Gerald Frank. In Biographical Dictionary of British Economists. Thoemmes Press, 2005.
[48] C. Sardoni and R. Wray. Monetary policy strategies of the European Central Bank and the Federal Reserve Bank of the U.S. Working Paper no. 431, The Levy Economics Institute of Bard College, Annandale-on-Hudson, 2005.
[49] C. Sardoni. Review of Unemployment in the new Europe N. Bermeo ed. Review of Social Economy, 16(2):276–9, 2004.
[50] C. Sardoni. Review of Information technology, productivity, and economic growth M. Pohjola ed.),. Review of Political Economy, 16(2):279–81, 2004.
[51] C. Sardoni. Money in the time of Internet. Electronic money and its ef- fects. In M. Forstater and R. Wray, editors, Contemporary Post Keynesian Analysis, pages 69–83. Edward Elgar, Cheltenham, 2004.
[52] C. Sardoni. Why do central banks (and money) rule the roost? In National Bank of Poland, Papers and Presentations. Part II, Warsaw, 2004.
[53] C. Sardoni. The contribution of Gerald Shove to the development of Cam- bridge economics. Review of Political Economy, 16(3):361–75, 2004.
[54] C. Sardoni. Review of A theory of full employment by Y. S. Brenner and N. Brenner-Golomb. Review of Social Economy, 61(1):114–21, 2003.
[55] C. Sardoni. Say’s Law. In J. E. King, editor, Post Keynesian Economics, pages 309–13. Edward Elgar, Cheltenham, 2003.
[56] C. Sardoni. Money, the ICT revolution and economics. Development, 46(1):61–5, 2003.
[57] C. Sardoni. Review of The culmination of Capital. Essays on volume III
of Marx’s Capital. Martha Campbell and Geert Reuten eds. History of Economic Ideas, 10(2):35–8, 2002.
[58] C. Sardoni and A. Verde. The ‘IT revolution’ and the monetary system: electronic money and its effects. Working Papers no. 42, Dipartimento di Scienze Economiche - Sapienza University of Rome, 2002.
[59] C. Sardoni. On the microeconomic foundations of macroeconomics: A Key- nesian perspective. In P. Arestis, M. Desai, and S. Dow, editors, Methodol- ogy, Microeconomics and Keynes, volume 2 of Essays in Honour of Victoria Chick, pages 4–14. Routledge, London and New York, 2001.
[60] C. Sardoni. Joan Robinson et le d ́ebat sur la concurrence imparfaite. In G. C. Harcourt, editor, L’E ́conomie rebelle de Joan Robinson, pages 159–85. L’Harmattan, Paris, 2001.
[61] C. Sardoni. Internet pricing: una breve rassegna critica. Moneta e Credito, 54:77–107, 2001.
[62] C. Sardoni. L’integrazione economica. Iter, (13):38–41, 2001.
[63] G. C. Harcourt and C. Sardoni. George Shackle and Post-Keynesianism. In P. E. Earl and S. F. Frowen, editors, Economics as an art of thought: Essays in memory of G. L. S. Shackle, pages 76–100. Routledge, London and New York, 2000.
[64] C. Sardoni and P Palazzi. Public investment and growth. In H. Bougrine, ed- itor, The Economics of Public Spending, pages 150–67. Cheltenham: Edward Elgar, 2000.
[65] C. Sardoni and P. Kriesler, editors. Keynes, Post-Keynesianism and Political Economy, volume 3 of Essays in honour of G. C. Harcourt. Routledge, London and New York, 1999.
[66] C. Sardoni. The debate on excess capacity in the 1930s. In C. Sardoni and P. Kriesler, editors, Keynes, Post-Keynesianism and Political Economy, volume 3 of Essays in Honour of Geoff Harcourt, pages 259–83. Routledge, London and New York, 1999.
[67] C. Sardoni. Wages and employment: A Keynesian model. In R. Rotheim, editor, New Keynesian Economics/Post Keynesian Alternatives, pages 107– 17. Routledge, London and New York, 1998.
[68] C. Sardoni. Marx’s theory of money and interest: A reconsideration in the light of Robertson and Keynes. In R. Bellofiore, editor, Marxian Economics:
A Reappraisal - Essays on Volume III of Capital. Method, value and money, volume 1, pages 271–85. Macmillan, London, 1998.
[69] C. Sardoni. I fondamenti microeconomici della macroeconomia di Keynes. In N. de Vecchi and M. C. Marcuzzo, editors, A cinquant’anni da Keynes - Teorie dell’occupazione, interesse e crescita, pages 199–213. Unicopli, Bologna, 1998.
[70] C. Sardoni. Keynes and Marx. In G. C. Harcourt and P. Riach, editors, A ‘Second Edition’ of The General Theory, volume 2, pages 261–83. Routledge, London and New York, 1997.
[71] C. Sardoni. Prices, expectation and investment. In S. Pressman, editor, Interactions in Political Economy, pages 93–109. Routledge, London and New York, 1996.
[72] G. C. Harcourt and C. Sardoni. The General Theory of Employment Interest and Money: Three views. In P. Arestis, editor, Keynes, money and the open economy, volume 1 of Essays in honour of Paul Davidson, pages 1–13. Edward Elgar, Cheltenham, 1996.
[73] C. Sardoni. Interpretations of Kalecki. In G. C. Harcourt, A. Roncaglia, and R. Rowley, editors, Income and Employment in Theory and Practice, pages 185–204. Macmillan, London, 1995.
[74] G. C. Harcourt and C. Sardoni. Keynes’s vision: method, analysis and ‘tactics’. In J. B. Davis, editor, The State of Interpretation of Keynes, pages 131–52. Kluwer Academic Press, Dordrecht and Boston, 1994.
[75] C. Sardoni. Accumulation. In P. Arestis and M. Sawyer, editors, Handbook of Radical Economics, pages 1–5. Edward Elgar, Aldershot, 1994.
[76] C. Sardoni. Keynes sul risparmio. Parole Chiave, (6), 1994.
[77] C. Sardoni. The General Theory and the critique of decreasing returns.
Journal of the History of Economic Thought, 16(1):61–85, Spring 1994.
[78] C. Sardoni and W. Harcourt. English translation of L’inflazione in Italia by
P. Sraffa. Cambridge Journal of Economics, 17(1):7–26, 1993.
[79] C. Sardoni. Effective demand and income distribution in the General Theory.
Journal of Income Distribution, 3(1):48–83, Summer 1993.
[80] C. Sardoni. Review of Keynes’s general theory and accumulation by A.
Asimakopulos. Moneta e Credito, Giugno 1992.
[81] C. Sardoni. Market forms and effective demand: Keynesian results with perfect competition. Review of Political Economy, 4(4):377–95, 1992.
[82] C. Sardoni, editor. On Political Economists and Modern Political Economy. Selected Essays of G. C. Harcourt. Routledge, London and New York, 1992.
[83] C. Sardoni. Marx and Keynes: the critique of Say’s Law. In G. A. Caravale, editor, The future of capitalism and the history of thought, volume 2 of Marx and Modern Economics, pages 219–39. Edward Elgar, Aldershot, 1991.
[84] C. Sardoni. The informal sector: an estimate of its impact on the italian economy. Development, 33(3/4), 1990.
[85] C. Sardoni. Some aspects of Kalecki’s theory of profits: its relationship to Marx’s schemes of reproduction. In M. Sebastiani, editor, Kalecki’s Rele- vance Today, pages 206–19. Basingstoke: Macmillan, 1989.
[86] C. Sardoni. Chapter 18 of the General Theory. Methodological issues. Jour- nal of Post Keynesian Economics, 12(2):293–307, 1989-90.
[87] S. Bruno and C. Sardoni. Productivity competitiveness among non co- operating integrated economies: A negative-sum game. Labour, 3(1):73–94, 1989.
[88] S. Bruno and C. Sardoni. Youth unemployment policies. Office for Official Publications of the European Communities Volumes 86-230 of Document (Commission of the European Communities), Commission of the European Communities, Bruxells, 1988.
[89] C. Sardoni. Marx and Keynes on Economic Recession. New York University Press, New York, 1987.
[90] P. Palazzi and C. Sardoni. Public expenditure and socio-economic structure in the developed and LDCs. Studi Economici, 42(32):179–216, 1987.
[91] C. Sardoni. Marx and Keynes on effective demand and unemployment. His- tory of Political Economy, 18(3):419–41, 1986.
[92] C. Sardoni. Review of Principi by J. S. Mill. Mondo Operaio, Maggio 1985.
[93] C. Sardoni. Some ties of Kalecki to the 1926 Sraffian Manifesto. Journal of
Post Keynesian Economics, 6(3):458–65, 1984.
[94] D. Gruttadauria, E. Rossi, and C. Sardoni, editors. L’edilizia a una svolta.
Abitare Segesta, Milano, 1984.
[95] C. Sardoni. L’edilizia residenziale. In D. Gruttadauria, E. Rossi, and C. Sar- doni, editors, L’edilizia a una svolta, chapter 1. Abitare Segesta, Milano, 1984.
[96] C. Sardoni. Imprese e materiali. In D. Gruttadauria, E. Rossi, and C. Sar- doni, editors, L’edilizia a una svolta, chapter 4. Abitare Segesta, Milano, 1984.
[97] C. Sardoni. Multisectoral models of balanced growth and the Marxian schemes of expanded reproduction. Australian Economic Papers, 20(37):383– 97, 1981.
[98] C. Sardoni. Spesa pubblica e ruolo dello stato. Quaderni di Ricerca no. 1, Dipartimento di Scienze Economiche - Sapienza University of Rome, Roma, 1980.
[99] D. Fano and C. Sardoni. The fiscal crisis of the state: notes on the Italian case. Capital & Class - Bulletin of the Conference of Socialist Economists, 3(1):46–57, 1979.
[100] C. Sardoni. Review of The subtle anatomy of capitalism J. Schwartz ed. Economia & Lavoro, (2), 1978.
[101] C. Sardoni. Note su alcune analisi marxiste del ruolo economico dello stato. Monthly Review (ed. it.), agosto/settembre 1977.
[102] C. Sardoni. Il problema del lavoro improduttivo nel pensiero degli economisti classici. Economia & Lavoro, 1977.