Authors:
Saul EstrinDepartment of Management, London School of Economics, LSE, Houghton St, WC2A2AE, London, UK

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Milica UvalicUniversity of Perugia, Perugia, Italy

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Abstract

It is challenging to provide an encompassing portrait of Mario Nuti's life and works: he was an exceptional man, who made significant intellectual contributions across a wide range of fields, as well as inspiring generations of students, colleagues and the profession in general, for more than fifty years. A brilliant debater and controversialist, he was equally at home in economic theory and in giving policy advice, and over the decades he had made significant contributions to many branches of the discipline. In this memorial article, we try to give a flavour of the man and his work, hopefully reminding the conoscenti of Mario's perceptive and original work, while introducing a new generation of scholars to his distinctive take on the field of economics.

  • Bartlett, W.Cable, J.Estrin, S.Jones, D. C.Smith, S. C. (1992): Labor-Managed Cooperatives and Private Firms in North Central Italy: An Empirical Comparison. ILR Review, 46(1): 103118.

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  • Bartlett, W.Uvalic, M. (1986): Labour-Managed Firms, Employee Participation and Profit-Sharing – Theoretical Perspectives and European Experience. Special Issue of Management Bibliographies & Reviews, 12(4), Bradford.

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  • Eatwell, J.Ellman, M.Karlsson, M.Nuti, D. M.Shapiro, J. (1995): Transformation and Integration: Shaping the Future of Central Eastern Europe. IPPR, London; Slovenian Edition, Iz Tranzicije v Evropsko Povezovanje, Ljubljana 1996.

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  • Eatwell, J.Ellman, M.Karlsson, M.Nuti, D. M.Shapiro, J. (1997): Not ‘Just Another Accession' – Political Economy of EU Enlargement to the East. IPPR, London. Bulgarian edition, Friedrich Ebert Stiftung, Sofia 1998, Czech and Polish editions, 1999.

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  • Eatwell, J.Ellman, M.Karlsson, M.Nuti, D. M.Shapiro, J. (2000): Soft Budgets, Hard Choices: The Future of the Welfare State in Central Eastern Europe. IPPR, London 2000; also in Bulgarian (2001) and Estonian (2002) translations.

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  • Estrin, S. (1983): Self-Management: Economic Theory and Yugoslav Practice. Cambridge: Cambridge University Press.

  • Estrin, S.Uvalic, M. (2008): From Illyria Towards Capitalism: Did Labor-Management Theory Teach Us Anything About Yugoslavia and Transition in its Successor States? 50th Anniversary Essay, Special Issue of Comparative Economic Studies, 50: 663696.

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  • Estrin, S.Jones, D.Svejnar, J. (1987): The Productivity Effects of Worker Participation: Producer Cooperatives in Western Economies. Journal of Comparative Economics, 11(1): 4061.

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  • Estrin, S.Kolodko, G. W.Uvalic, M. (2007): Introduction: Domenico Mario Nuti. In: Estrin, S.Kolodko, G. W.Uvalic, M. (eds): Transition and Beyond – Essays in Honor of Mario Nuti. Palgrave Macmillan.

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  • Fakhfakh, F.Pérotin, V.Gago, M. (2012): Productivity, Capital, and Labor in Labor-Managed and Conventional Firms: An Investigation on French Data. ILR Review, 65(4): 847879.

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  • FitzRoy, F.Jones, D.Klinedinst, M.Lajtai, G.Mygind, N.Nuti, D. M.Rock, C.Uvalic, M.Vaughan-Whitehead, D. (1998): Employee Ownership in Privatization: Lessons from Central and Eastern Europe. Experts' Policy Report, Budapest: ILO-CEET.

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  • Jones, D. C.Svejnar, J. (1985): Participation, Profit Sharing, Worker Ownership and Efficiency in Italian Producer Cooperatives. Economica, 52: 449465.

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  • Kolodko, G. W. (2000): From Shock to Therapy: The Political Economy of Postsocialist Transformation. Oxford: OUP.

  • Meade, J. E. (1972): The Theory of Labour-Managed Firms and of Profit Sharing. The Economic Journal, 82(325): 402428.

  • Nove, A.Nuti, D. M. (1972, 1974, 1977): Socialist Economics: Selected Readings. Penguin Books.

  • Nuti, D. M. (1969): The Degree of Monopoly in the Kaldor-Mirrlees Growth Model. Review of Economic Studies, 35(2): 257260.

  • Nuti, D. M. (1970a): Capitalism, Socialism and Steady Growth. The Economic Journal, 80: 3257.

  • Nuti, D. M. (1970b): Review of “An Essay on Yugoslav Society by Horvat, B. New York: International Arts and Sciences Press, 1969”. The Economic Journal, 80: 934936.

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  • Nuti, D. M. (1973): On the Truncation of Production Flows. Kyklos, 26(3): 485496.

  • Nuti, D. M. (1974): On the Rates of Return on Investment. Kyklos, 27(2): 345369.

  • Nuti, D. M. (1975): The Wage-Interest Frontier. Zeitschrift für Nationalekonomie, 35(1–2): 177186.

  • Nuti, D. M. (1977): Price and Composition Effects and the Pseudo-Production Function. Revue d'Economie Politique, 2(March–April): 232243.

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  • Nuti, D. M. (1979): The Contradictions of Socialist Economies. A Marxian Interpretation. In: Miliband, R.Saville, J. (eds): The Socialist Register 1979. London: The Merlin Press, pp. 228273.

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  • Nuti, D. M. (1981): Socialism on Earth’ (Inaugural Lecture). Cambridge Journal of Economics, 5(4): 391403.

  • Nuti, D. M. (1986): Michal Kalecki's Contributions to the Theory and Practice of Socialist Planning. Cambridge Journal of Economics, 10: 333353.

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  • Nuti, D. M. (1987a): Cycles in Socialist Economies. In: Eatwell, J.Milgate, M.Newman, P. (eds): The New Palgrave: A Dictionary of Economic Theory and Doctrine .London: Macmillan, Vol. 1. pp. 744746.

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  • Nuti, D. M. (1987b): Profit-Sharing and Employment: Claims and Overclaims. Industrial Relations, 26(1): 1829.

  • Nuti, D. M. (1989): Feasible Financial Innovation under Market Socialism. In: Kessides, C.King, T.Nuti, D. M.Sokil, K. (eds): Financial Reform in Socialist Economies .Washington, DC: EDI-World Bank, pp. 85105.

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  • Nuti, D. M. (1990a): The Case for Western Aid to Central Eastern Europe. EUI Conference Paper.

  • Nuti, D. M. (1990b): Privatization of Socialist Economies: General Issues. In: Privatization in Eastern Europe. Proceedings of the Conference ‘Privatization: How to Use This Instrument for Economic Reform in Eastern Europe’. Vienna, 17–18 November 1990, Friedrich Ebert Stiftung and Renner Institute, 1992, pp. 2135.

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  • Nuti, D. M. (1991a): Stabilization and Reform Sequencing in the Reform of Central Eastern Europe. In: Commander, S. (ed.): Managing Inflation in Socialist Economies in Transition. EDI Seminar Series, World Bank, Washington, DC, pp. 155174.

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  • Nuti, D. M. (1991b): Privatisation of Socialist Economies: General Issues and the Polish Case. In: Blommestein, H.Marrese, M. (eds): Transformation of Planned Economies: Property Rights Reform and Macroeconomic Stability .Paris: OECD, pp. 5167. Reprinted in: Clarke, T. – Pitelis, C. (eds): The Political Economy of Privatisation. London: Routledge 1993, pp. 373–390.

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  • Nuti, D. M. (1992a): Domenico Mario Nuti. In: Arestis, P.Sawyer, M. C. (eds): A Biographical Dictionary of Dissenting Economists .London: Edward Elgar Publishing, pp. 401409.

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  • Nuti, D. M. (1992b): Market Socialism: The Model that Might Have Been but Never Was. In: Åslund, A. (ed.): Market Socialism or the Restoration of Capitalism? Cambridge: CUP, pp. 1731; also in Italian (‘Il socialismo di mercato. Il modello che avrebbe potuto esserci, ma che non c’è mai stato’). In: Chilosi, A. (1992): L’economia del periodo di transizione. Dal socialismo di tipo sovietico all’economia di mercato, Bologna: Il Mulino, pp. 143–156.

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  • Nuti, D. M. (1992c): On Traditional Cooperatives and James Meade's Labor-Capital Discriminating Partnerships. In: Jones, D.Svejnar, J. (eds): Advances in the Economic Analysis of Participatory and Labor-Managed Firms .Greenwich – London: JAI Press, Vol. 4, pp. 126.

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  • Nuti, D. M. (1993a): Economic Inertia in the Transitional Economies of Central Eastern Europe. In: Uvalic, M.Espa, E.Lorentzen, J. (eds): Impediments to the Transition in Eastern Europe. European Policy Studies, No. 1, Florence: European University Institute, pp. 2549.

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  • Nuti, D. M. (1993b): Lessons from Stabilization and Reform in Central and Eastern Europe. In: Somogyi, L. (ed.): The Political Economy of the Transition Process in Eastern Europe. Aldershot and Brookfield: Edward Elgar, pp. 4066.

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  • Nuti, D. M. (1994): Mass Privatization: Costs and Benefits of Instant Capitalism. London Business School, CIS-Middle Europe Centre, Discussion Paper Series, No. 9; Also in: Daviddi, R. (ed.) (1995): Property Rights and Privatization. Maastricht: EIPA, pp. 103132.

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  • Nuti, D. M. (1995): Employeeism: Corporate Governance and Employee Share Ownership in Transition Economies. Conference paper. In: Blejer, M. I.Skreb, M. (eds) (1997): Macroeconomic Stabilization in Transition Economies .Cambridge: CUP, pp. 126154.

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  • Nuti, D. M. (1996): Inflation, Interest and Exchange Rates in the Transition. Economics of Transition, 4(1): 137158.

  • Nuti, D. M. (1999): Russia: The Financial Meltdown of August 1998. Conference paper. Université de Paris, Sorbone, 23–24 Sept.

  • Nuti, D. M. (2000): The Costs and Benefits of Euro-Isation in Central-Eastern Europe before or Instead of EMU Membership. In: Blejer, M. I.Skreb, M.: Proceedings of the 6-th Dubrovnik Economic Conference, June 2000; Discussion Paper, No. 8, CNEM-LBS, September 2000; and Working Paper, No. 340, The William Davidson Institute, University of Michigan Business School, October 2000.

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  • Nuti, D. M. (2007): Managing Transition Economies. In: White, S.Batt, J.Lewis, P. (eds): Developments in Central and East European Politics .No. 4, Chapter 15, Palgrave/Duke UP.

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  • Nuti, D. M. (2009a): A Counter-Factual Alternative for Russia’s Post-Socialist Transition. Conference paper. International Conference on The Great Transformation: 1989–2029, Warsaw, April.

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  • Nuti, D. M. (2009b): Detroit: Employee Ownership and Control. Blog ‘Transition’, 1 May.

  • Nuti, D. M. (2009c): Globalization Today: Incomplete, Distorted and Unfair. In: Della Posta, P.Uvalic, M.Verdun, A. (eds): Globalization, Development and Integration. A European Perspective .Palgrave Macmillan, pp. 326329.

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  • Nuti, D. M. (2013): Did we go about Transition in the Right Way? In: Hare, P.Turley, G. (eds): Handbook of the Economics and Political Economy of Transition. London: Routledge International Handbooks, pp. 4658.

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  • Nuti, D. M. (2017): Seismic Faults in the European Union. Blog ‘Transition’, 8 January.

  • Nuti, D. M. (2018): The Rise and Fall of Socialism. Dialogue of Civilisations Research Institute Special Report, Berlin, https://doc-research.org/2018/05/rise_and_fall_of_socialism/.

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  • Nuti, D. M. (2018a): The Rise, Fall and Future of Socialism. Keynote lecture delivered at the Conference of the European Association for Comparative Economic Systems, Warsaw, 6–8 September 2018.

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  • Nuti, D. M. (2018b): A Flat Tax is for a Flat Earth. Blog ‘Transition’, February 28.

  • Nuti, D. M. (2008–2018): Blog ‘Transition’, http://dmario.nuti.blogspot.com.

  • Nuti, D. M. (2019): The Chinese Alternative. Acta Oeconomica, 69(S1): 3147.

  • Nuti, D. M.Kolodko, G. W. (1997): The Polish Alternative. Old Myths, Hard Facts and New Strategies in the Successful Polish Transformation. UNU/WIDER Research for Action Series, No. 33.

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  • Uvalic, M. (1991): The PEPPER Report: Promotion of Employee Participation in Profits and Enterprise Results. Supplement No. 3/91 to Social Europe. Luxembourg: Office for Official Publications of the European Communities.

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  • Uvalic, M. (1992). Investment and Property Rights in Yugoslavia: The Long Transition to a Market Economy. Cambridge: Cambridge University Press.

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  • Uvalic, M.Espa, E.Lorentzen, J. (eds) (1993): I mpediments to the Transition in Eastern Europe. European Policy Studies, No. 1, Florence: European University Institute.

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  • Uvalic, M.Vaughan-Whitehead, D. (eds) (1997): Privatization Surprises in Transition Economies – Employee Ownership in Central and Eastern Europe. Budapest: International Labour Office & Cheltenham: Edward Elgar. Reprinted edition: April 1999.

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  • Weitzman, M. L. (1985): The Simple Macroeconomics of Profit Sharing. The American Economic Review, 75(5): 937953.

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Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Beáta Farkas / Faculty of Economics and Business Administration, University of Szeged
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

Advisory Board

  • Ǻslund, Anders, Institute of International Economics, Washington (USA)
  • Kolodko, Grzegorz, Kozminski University, Warsaw (Poland)
  • Mau, Vladimir, Academy of National Economy (Russia)
  • Messerlin, Patrick A, Groupe d’Economie Mondiale (France)
  • Saul Estrin, London School of Economics (UK)
  • Wagener, Hans-Jürgen, Europa Universität Viadrina (Germany)

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2021  
Web of Science  
Total Cites
WoS
285
Journal Impact Factor 0,939
Rank by Impact Factor Economics 326/379
Impact Factor
without
Journal Self Cites
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5 Year
Impact Factor
0,740
Journal Citation Indicator 0,34
Rank by Journal Citation Indicator Economics 389/570
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Scimago
H-index
15
Scimago
Journal Rank
0,285
Scimago Quartile Score Economics and Econometrics (Q3)
Scopus  
Scopus
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Scopus
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Scopus
SNIP
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2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
Citation Indicator   
Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
Quartile Score  
Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
Scite Score Rank  
Scopus 0,668
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Days from  447
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2019  
Total Cites
WoS
212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites
0,728
5 Year
Impact Factor
0,650
Immediacy
Index
0,156
Citable
Items
45
Total
Articles
45
Total
Reviews
0
Cited
Half-Life
3,9
Citing
Half-Life
9,5
Eigenfactor
Score
0,00015
Article Influence
Score
0,052
% Articles
in
Citable Items
100,00
Normalized
Eigenfactor
0,01891
Average
IF
Percentile
28,437
Scimago
H-index
12
Scimago
Journal Rank
0,439
Scopus
Scite Score
214/165=1,3
Scopus
Scite Score Rank
Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
0,989

 

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Acta Oeconomica
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