Models of Capitalism

All oral exams will be given at:

Do not forget to have id with you!!!!!!!

Marks will be available on segreteria on line and not at the time of the oral interview.

All students that accept the marks got in May

must register again for the exam.

Students who have not registered in June can register for the July appello.

In case of connection difficulties during the exams, you can call me at 3334785958


Online lectures avalailable at:

Lectures must be downloaded.

Please open them with powerpoint

Dear students, on Thursday 7th May at 15.30 I will be available on google meet for questions concerning the uploaded lectures at:

The purpose of the course is to examine the characteristics of the different models of capitalism, focusing on both the national varieties of capitalism and the different historical stages of the capitalist  economy. We consider the relative advantages of the historical varieties of capitalism and the problems facing the modern global economy.

More in detail the course focuses on the following topics:

Capitalism and Scarcity

The Evolution of Property

Technology and Institutions

Institutional Complementarities and Varieties of Capitalism

Divisions of Labor

Power and Wealth

Intellectual Monopoly Capitalism


Pagano U. (2007) Bounded Rationality and Institutionalism  In Hodgson G. ed. The Evolution of Economic Institutions: A Critical Reader. Edward Elgar, Cheltenham U. K. pp. 34-52 .

Pagano U. (2017) Property Possession and Knowledge.

Pagano U. (2007) Legal Positions and Institutional Complementarities In Cafaggi F. Nicita A. Pagano U. Legal Orderings and Economic Institutions. Routledge, London and New York  Routledge pp. 54-83.

Pagano U. (2007) Marx after New Institutional Economics.  Evolutionary and Institutional Economic Review.  V. 4 N. 7 pp. 27-55. 

Belloc M., Pagano U. (2009) Co-evolution of politics and corporate governance.  International Review of Law and Economics  v. 29 pp. 106-114.

Pagano U. (2013)  Technical Assets and Property Rights. In Grandori A.   Handbook of Economic Organization Edward Elgar

Pagano U. (2003) Nationalism, Development and Integration: the Political Economy of Ernest Gellner. Cambridge Journal of Economics  (Vol.27,  pp. 623 - 646 September  2003)

D'Antoni,  M., Pagano U. (2008) Cultural Diversity and Economic Solidarity. In Costabile L. ed.  Institutions for Social Well-Being. Palgrave-Macmillan, Basingstoke and New York pp. 198-221 (not necessary for this year)

Rodrik, D. (2011) The Globalization paradox: democracy and the future of the world economy. Norton, New York.

Pagano U. (2014) The Crisis of Intellectual Monopoly Capitalism. Cambridge Journal of Economics. Vol 38 pp. 1409-1429.

* In some cases, for copyright reasons, the downloadable version does not completely coincide with the final version indicated in the readings.