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Will Mario Draghi's Center Hold? | Dissent Magazine


Will Mario Draghi’s Center Hold?
A closer look at the Italian prime minister’s career reveals how the tangled history of post-Keynesian economic thought shaped his technocratic brand.
Mario Draghi on March 10th 2021 (Samantha Zucchi/Insidefoto/Mondadori Portfolio via Getty Images)
Italy’s new Prime Minister Mario Draghi has been hailed as the nonpartisan expert the country needs to get its house in order. But who is Draghi? A closer look at his career reveals the tangled history of post-Keynesian economic thought and European neoliberalism that inform the prime minister’s technocratic brand.
Draghi was born and raised in Rome, the child of a banker and a pharmacist. In 1970, he received his undergraduate degree from Rome’s La Sapienza, under the supervision of star economist and public intellectual Federico Caffè. Draghi’s mentor took part in the Resistance and was an architect of the new democratic I ....

New York , United States , City Of , United Kingdom , Mario Monti , Giovanni Goria , Maurice Obstfeld , Olivier Blanchard , Mario Draghi , Felipe Gonz , Robert Solow , Giuliano Amato , Jonathan Hopkin , Jean Claude Trichet , Kenneth Rogoff , Ben Bernanke , Christian Europe , Franco Modigliani , Bettino Craxi , Paul Samuelson , Adam Tooze , Lucas Papademos , Milton Friedman , Paul Krugman , Samantha Zucchi Insidefoto Mondadori , Sergio Mattarella ,

What the U.S. Can Learn From Chinese Stimulus


March 19, 2021 last updated 16:14 ET
People wearing face masks to protect against the coronavirus ride an escalator at a shopping and office complex in Beijing, July 16, 2020 (AP photo by Mark Schiefelbein).
What the U.S. Can Learn From China’s Economic Recovery
The last time the global economy cratered, in the fall of 2008 in the wake of an American banking crisis, it was China that set the pace both in insulating itself from most of the damage, and in generating enough new demand in its own economy to prevent a far worse downturn than the already terrible recession suffered in much of the rest of the world. ....

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