globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Tuesday, March 05, 2013 2:19 PM
Beppe Grillo’s anti-corruption, eurosceptic, Five Star Movement (M5S) is now the largest political party in Italy.
Enter “Grillonomics”
Via Google translate from French, Les Echos reports Fitoussi and Stiglitz are working on the economic program of Beppe Grillo.
All eyes are beginning to converge on the “economic program” Beppe Grillo, still limited to a page and a half on the site M5S.
With Italian economist Mauro Gallegati acting as coordinator, Nobel Prize winning economist Joseph Stiglitz and French economist Jean-Paul Fitoussi were called on to help formulate the economic doctrine M5S.
“To move from protest to proposal, the first step is to get studying. In this context, I am trying to organize a task force of academics begin to teach the newly elected” said economist Mauro Gallegati, an economics professor at the University of Ancona.
“Bruce Greenwald of Columbia University in New York and Jean-Paul Fitoussi will give me a hand,” says Gallegati who rejects the label of “Beppe Grillo’s Economic Guru.” The real “sponsor” of M5S’s economic program, based on the decay and the development of clean energy, is mainly Nobel Laureate Joseph Stiglitz (Columbia University), with Bruce Greenwald as one of the closest staff.
Paul Krugman has also maintained a dialogue with Beppe Grillo for several years.
