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Pierangelo Garegnani: A Tribute
Advances in neoclassical economics are often marked by fashions, new techniques masquerading as theory, and encroachments on other disciplines. In the event, a critical internal appraisal has eluded neoclassical theory. Neither economic crises of the real world nor complaints from sister disciplines seem to make much of a difference. Against this backdrop, Italian economist Pierangelo Garegnani's steadfast commitment to the scrutiny of fundamentals of economic theory is cause for celebration.
1 Introduction
Italian economist and leading critic of neoclassical theory, Pierangelo Garegnani, died on 14 October 2011 aged 81. For five decades he worked unrelentingly on a logical and structural critique of neoclassical economic theory. This went alongside guarded attempts to rebuild classical theory as a credible alternative. In both the enterprises Garegnani was inspired by his mentor Piero Sraffa, the philosopher-economist of major consequence. Sraffa named him as the custodian of his manuscripts and correspondence. Garegnani carried out his project in broad association with the community of the so-called Sraffian economists from around the world. He founded and led to his last day Centro Sraffa at University of Rome 3.
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