Publications by year
In Press
Bragoli D, Ferretti C, Ganugi P, Grossi L, Ianulardo G (In Press). Does the past count? Sovereign debt during the classical Gold Standard through the lenses of mover stayer and Markov chain models.
Rivista internazionale di scienze socialiAbstract:
Does the past count? Sovereign debt during the classical Gold Standard through the lenses of mover stayer and Markov chain models
We study sovereign debt markets behaviour during the Classical Gold Standard (CGS) Era (1880-1913), i.e. the. rst era of globalization characterized by free move-ment of capital and a. xed exchange rate regime. In particular we analyse both the issues of markets memory and the degree of con dence in sovereign debt markets by means of three stochastic models: Markov Chain (MC), Mover Stayer (MS) and Non
Homogeneous Markov Chain (NHMC) estimated on two-state transition matrices of countries switching from sound to distressed. Markov Chain and Mover Stayer models beat the Non Homogeneous Markov Chain in. tting the data in the CGS period (1880-1913). This result implies both the short memory of the markets towards countries' default history and an increased level of certainty which enables countries to better attract capital from lenders. The lessons learnt from the CGS period could also be relevant to understand sovereign debt markets in the Eurozone today given the striking similarities between the two periods.
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2020
De Angelis R, Ianulardo G (2020). Circular Economy as Fictional Expectation to Overcome Societal Addictions. Where do We Stand?.
Philosophy of ManagementAbstract:
Circular Economy as Fictional Expectation to Overcome Societal Addictions. Where do We Stand?
Circular economy thinking has become the subject of academic enquiry across several disciplines recently. Yet whilst its technical and business angles are more widely discussed, its philosophical underpinnings and socio-economic implications are insufficiently investigated. In this article, we aim to contribute to their understanding by uncovering the circular economy role in shaping a new vision, highlighting the social and economic dimensions of future imaginaries and the mechanisms that can enable them to bring about change in the social context. We believe that defining the vision that the circular economy is contributing to shape is key to explain its conceptual framework and activities. Drawing on the concept of fictional expectations, we uncover one of the plausible social dimensions inherent to the circular economy thinking thereby opening up a new perspective on the current debate in the circular economy literature wherein authors, by contrast, are emphasising the lack of an explicit social dimension. Fictional expectations are introduced to refer to those imaginaries of the future that can catalyse social action in the present and counteract societal addictions, in which modern society seems to be trapped. We show how a circular economy inspired vision can be instrumental to the emergence of a fictional expectation that can provide therapies to the current societal addiction of wasteful production and consumption systems. This philosophical background allows us to provide, in conclusion, a new conceptualisation of the circular economy as a cognitive framework instrumental to the emergence of a future imaginary.
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2019
Stella A, Ianulardo G (2019). Sulla non originarietà della relazione. Replica a G. Goggi [On the non-primacy of the relation. Reply to G. Goggi].
La Filosofia Futura,
10, 75-84.
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Ianulardo G, De Angelis R (2019). The Contribution of Circular Economy to Human Betterment:. Moral Imagination and Teleological Ethics. European Academy of Management EURAM 2019 Conference. 26th - 28th Jun 2019.
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The Contribution of Circular Economy to Human Betterment:. Moral Imagination and Teleological Ethics
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Stella A, Ianulardo G (2019). The naturalisation of the mind and neurosciences: a reform of anthropology?.
Cum-Scientia,
I(1), 3-22.
Abstract:
The naturalisation of the mind and neurosciences: a reform of anthropology?
Naturalisation of mind and neurosciences seem to propose a new an-thropology, since man is identified more and more to an automaton and thought in continuation with the animal. In this article we highlight some of the defining characteristics of this research programme and we pro-pose some theoretical reflections on it, concluding that materialistic monism not only ends up. being self-refuting, by presenting itself as a conception – thus as a system of ideas – of reality and of man, but also, by bracketing the principle of consciousness, it abstracts also from the principle of responsibility, with potential ill-fated consequences at the anthropological level.
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Ianulardo G, Stella A (2019). The role of humanities in economic education: the case of philosophy of economics. Developments in Education (DEE) Conference. 12th - 13th Sep 2019.
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The role of humanities in economic education: the case of philosophy of economics.
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2018
Stella A, Ianulardo G (2018). La relazione di coscienza e oggetto nell’Introduzione alla Fenomenologia dello spirito di Hegel. [The relation between concept and object in the Introduction to Hegel’s Phenomenology of Spirit].
Acta Philosphica, Rivista internazionale di filosofia,
27 (2), 289-311.
Abstract:
La relazione di coscienza e oggetto nell’Introduzione alla Fenomenologia dello spirito di Hegel. [The relation between concept and object in the Introduction to Hegel’s Phenomenology of Spirit]
The relation between consciousness and object in the Introduction to the Phenomenology of Spirit synthetises two fundamental Hegelian concepts: that of “relation” and that of “absolute”. In this article we show that Hegel not always interprets the relation as a medium between extremes, because in some very significant passages he intends it as an act. Furthermore the absolute is not only interpreted as determined but also as emergent beyond the universe of determinations, that is beyond the relation/contraposition of determined and undetermined.
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Stella A, Ianulardo G (2018). Metaphysical Realism and Objectivity: Some Theoretical Reflections.
Philosophia,
46 (4), 1001-1021.
Abstract:
Metaphysical Realism and Objectivity: Some Theoretical Reflections
In this paper we aim to show an intrinsic contradiction of contemporary Metaphysical Realism by focusing on the relation between the subject and the object. Metaphysical Realism considers facts and objects as being empirical, and therefore they are considered in relation to the subject, while at the same time facts are assumed to belong to an autonomous and independent reality. However, if a real object is considered to be independent from the subject, once it enters in a relation with the latter, a real object must undergo an intrinsic transformation. However, since an object cannot avoid this transformation then recovering the real or “absolute” object from the perceived object is not possible. In this way, the inherent contradiction of the “absolute” as being determined, i.e. defined by virtue of a limit, is revealed.
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Stella A, Ianulardo G (2018). Plato and Parmenides' Parricide: some Theoretical Reflections. In (Ed)
Actes en Hommage du Professeur Jean-Marc Trigeaud.
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Plato and Parmenides' Parricide: some Theoretical Reflections
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Stella A, Ianulardo G (2018). Reciprocal determination and the unity of distinct determinations. in the Original Structure of Emanuele Severino. International Congress of Philosophy ‘At the dawn of eternity: the first 60 years of the “Original Structure” of Emanuele Severino”. 2nd - 3rd Mar 2018.
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Reciprocal determination and the unity of distinct determinations. in the Original Structure of Emanuele Severino.
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2017
Stella A, Ianulardo G (2017). La relazione come fondamento nella lettura di Anassimandro offerta da Heidegger e da Severino [Relation as ground in the reading of Anaximander by Heidegger and Severino].
Filosofia futura,
8, 87-97.
Abstract:
La relazione come fondamento nella lettura di Anassimandro offerta da Heidegger e da Severino [Relation as ground in the reading of Anaximander by Heidegger and Severino]
Relation as ground in the reading of Anaximander by Heidegger and Severino. In this article the authors show that Heidegger and Severino interpret Anaximander’s ἄπειρον as a ground that either ends up in a relation (Heidegger) or is constituted by virtue of the relation itself (Severino). In Anaximander the concept of the unlimited is established with reference to the concept of limit: the limited requires an unlimited ground that can justify it, the latter must transcend the limit, however the limit is a relation. Thus if the unlimited is absolute, it cannot admit a relation with something different from it: neither a relation which holds between the ground and the determined beings, nor a relation within itself, which would convert it a sum-of-parts. The ontological difference itself must be understood as the undeniable emergence of the ground beyond the grounded and the ground is not bound to that over which it emerges. The bound can only attain that which is limited, so that the universe of determined beings is an unending tension to the ground, which can only aim for an ideal realisation.
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Stella A, Ianulardo G (2017). Le premesse concettuali de La Struttura Originaria di Emanuele Severino [Conceptual premises of “The Original Structure” of Emanuele Severino].
Divus Thomas,
120(3), 182-210.
Abstract:
Le premesse concettuali de La Struttura Originaria di Emanuele Severino [Conceptual premises of “The Original Structure” of Emanuele Severino]
This paper focuses on the implicit conceptual premises of the
thought of E. Severino as it emerges from his work La Struttura
Originaria. These are found in the assumption of the ground as
determined by its attempted negation. The latter thus becomes
part of the ‘originary structure’ which represents the essence of the
ground. In this way, the ground ceases to stay as a unilateral
conditioning from the ground to the grounded and is reduced to
the circle of the presupposition which binds the former to the latter.
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2016
Stella A, Ianulardo G (2016). Mind-Body Problem : dalla critica al monismo ad una possibile soluzione linguistica. [Mind-Body Problem: from the critique of monism to a possible linguistic solution].
Thèmes,
IIAbstract:
Mind-Body Problem : dalla critica al monismo ad una possibile soluzione linguistica. [Mind-Body Problem: from the critique of monism to a possible linguistic solution]
The debate on «monism and dualism» plays a crucial role in Philosophy of Mind. In this article, we advance some criticisms to the «materialistic monism» conception, starting from «identitist theories», which identify mind with brain, but not the vice versa. After showing that it is impossible to think the concept of identity as if it could stand independently from the concept of relation, which cannot be thought of as medium between extremes but as the act of their self-referring, we clarify the nature of mind and brain: they are not res, but signs or, more precisely, linguistic universes. In this way, the problem of their relationship becomes the problem of the translation of the language of the one into the language of the other, and vice versa.
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2015
Ganugi P, Grossi L, Ianulardo G (2015). Scale economies and heterogeneity in business money demand: the Italian experience.
Bulletin of Economic Research,
67(2), 146-165.
Abstract:
Scale economies and heterogeneity in business money demand: the Italian experience
© 2012 Board of Trustees of the Bulletin of Economic Research and John Wiley. &. Sons Ltd. This paper investigates the demand for money by firms and the existence of economies of scale in the Italian manufacturing industry. We estimate a model for cash elaborated by Fujiki and Mulligan using a different estimation procedure from the previous literature. We then introduce an iterative procedure based on backward exclusion of firms from model estimation which points out the high heterogeneity of Italian companies in money demand. Our estimates show that the Italian manufacturing industry, considered as a whole, does not enjoy scale economies in money demand. However, our iterative procedure points out that the cause of this result has to be ascribed to small firms which are characterized by thin cash money holdings and a consequent very modest opportunity cost.
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2013
Bragoli D, Ganugi P, Ianulardo G (2013). Gini's transvariation analysis: an application on financial crises in developing countries.
Empirica,
40(1), 153-174.
Abstract:
Gini's transvariation analysis: an application on financial crises in developing countries
The damage and the recurrence of financial crises have increased the concern of investors and policymakers on one hand and the interest of macroeconomists on the other. This paper presents an original non parametric methodology, whose aim is to give a very intuitive and rigorous method for variable selection in order to analyse financial crises. Transvariation analysis compares the distributions of two different groups of countries (sound and distressed) with respect to a single macroeconomic variable and selects the indicators on the basis of a low transvariation probability index. The current account deficit to GDP ratio, differently from other studies on financial crises, seems to be a suitable variable in discriminating distressed countries from sound ones, and the case of Argentina and Turkey confirms this finding. © 2011 Springer Science+Business Media, LLC.
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Bragoli D, Ferretti C, Ganugi P, Ianulardo G (2013). Monetary regimes and statistical regularity: the Classical Gold Standard (1880-1913) through the lenses of Markov models.
Abstract:
Monetary regimes and statistical regularity: the Classical Gold Standard (1880-1913) through the lenses of Markov models
We aim at characterizing the Classical Gold Standard period (CGS) in order to verify if it is endowed with statistical regularity. We study the statistical properties of two-state annual transition matrices of countries switching from a sound state to a crisis state focusing on Reinhart and Rogoff 2009 dataset on external debt crises. The CGS period is governed by homogeneity both in time and across statistical units: the Homogeneous Markov Chain Model holds whereas the Mover Stayer Model does not. Our work is linked to the literature on the CGS and credibility (Bordo and Rockoff 1996). We follow a pure statistical approach to highlight two decisive channels of the credibility mechanism. The first is the stabilization of the probability of default of sound countries. The second is the fact that the CGS makes periphery/deficit countries homogeneous to the core with respect to the probability of default. Both channels are decisive because poor developing countries can borrow at favorable conditions and finance a level of investment greater than their capacity of saving.
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2009
Ianulardo G (2009). Law as a claim of the individual in B. Leoni: a game theoretical analysis. Procesos de Mercado/Market Processes, 1(6), 73-116.
2006
Ianulardo G (2006). Creditor Reputation as a Deterrent against Debtor Moral Hazard. Atti della Seconda Lazione Arcelli, 75-126.
