The course focuses on the private european economic law. Therefore, it comprises of various areas of private law which concern the economic agents, under many perspectives, with regard to both business and legal practice. In particular, final purpose of the course is to evaluate the effective level of harmonization in the economic european law reached until now. To allow the students to have a knowledge of the basic european legal instruments and of the general legal framework that characterize the EU- economic legislation, the course aims to deepen the knowledge of particular regulations which economic activities in the EU might be subject to. In particular, the course will take into account the following subjects: A) EU-corporate law; B) Banking Union and Capital Markets Union; c) EU-Antitrust Regulation.
The course focuses on the development of monetary theories during the XX century, through the readings of original texts. The first part of the course is dedicated to John Maynard Keynes, starting from the Treatise on Money and following with the General Theory and his project of “International Clearing Union”. Successively, Milton Friedman’s contributions and the revival of “quantitative theory” and the strong criticism proposed by Kaldor will be analysed. A key and final role in the course will be played by Minsky’s hypothesis on structural financial instability and Mandelbrot’s criticism of standard financial theory.
For students who attend the course, the final test is based on teaching material supplied during the course.
For those who cannot or do not want to attend the course, the texts on which the final test will be based are:
- Nicholas KALDOR, The Scourge of Monetarism, 1982, part II, §§ 1-42 (pp. 37-60);
- Milton FRIEDMAN, The Optimum Quantity of Money and Other Essays, chapters 1, 5 13
- Milton FRIEDMAN, Monetarist Economics, 1991, chapter 1 (pp. 1-21)
- Hyman MINSKY, Stabilizing an Unstable Economy, 2008, chapters 5,6 (pp. 107-156)
- Don PATINKIN, Keynes and Monetary Thought, 1976, chapters from 7 to 13 (pp. 54-143)