Gianni Vaggi

Full professor of Development Economics


Tel.: +39 0382/986222 

Fax: +39 0382/304226


Curriculum vitae

Gianni Vaggi graduated in economics in 1971 at the University of Pavia, where he was member of Collegio Ghislieri.

In 1981 he received the Ph.D. in economics of the University of Cambridge.

Teaching experience

He began teaching in 1976 and  has taught courses in History of Economic Thought, Economic Analysis, Macroeconomics, Development Economics at the Universities of Padua, Genoa and Varese and Pavia.

In 1997 he has been Overseas Visiting Scholar at St. John's College, Cambridge 1997.
In 1998 he taught the macroeconomic development course in the Graduate Programme in Development Economics at Vanderbilt University.

At present he teaches Development Economics and Economics of Emerging Economies


Administrative activities

From 1996 to 2011 he has been the Director of CICOPS University Centre for International Co-operation.

Since 1997 Director of the Cooperation and Development Network,, and founder and director of the master program in Co-operation and Development of the University Institute of Advanced Study of Pavia
From 2002-2008, Head of the Department of Political Economy and Quantitative Methods, University of Pavia.

From 2011 to 2013 Vice Rector for International Relations University of Pavia

From 2002-2010 Member of Scientific Committee of the Escuela Latino Americana en Cooperacion International para el Desarrollo, ELACID, University of San Buenaventura Cartagena des Indias Colombia.

Since 2005 Member of the Scientific Committee of the MICAD, Master in International Cooperation and Development of Bethlehem University, from 2005 till now.

From 2001-2008 Vice-chairperson of the PEACE Programme – Palestinian European American Cooperation in Education.

From 2002-2008, Member of the Executive Committee of EADI – European Association of Development Research and Training Institutes.

From 2006  to today he has been in  charge of several research and cooperation projects financed among others by:

Ministry of Foreign Affairs; Ministry of Education, University and Research; Lombardy Region; European Union.


Member of several international societies memberships, including the European Society for the History of Economic Thought, the History of Economics Society of the United States, the Royal Economic Society.
He has been teaching and giving seminars in more than thirty different universities and for professional reasons has visited over fifty countries.


In 1988 he has won the Saint-Vincent prize for the best book by an Italian author with the work "The Economics of Francois Quesnay".

In 2011 has received a special mention in the Peace prize of the Lombardy Region.


Research interests

Development economics. History of economic thought, classical political economy.

Current research projects

Sovereign debt and the notion of sustainability.

What is development?

The classical theory of growth and development.

Adam Smith: method, theory and ideas of justice.




The Economics of Francois Quesnay, Macmillan, London, 1987.
From the Debt Crisis to Sustainable Development
(editor), Macmillan, London, 1993.
A Concise History of Economic Thought – From Mercantilism to Monetarism
(with Peter D. Groenewegen, Palgrave Macmillan, Basingstoke, 2003.
(with George Stathakis editors) Economic Development and Social Change-Historical roots and modern perspectives, Routledge, London and New York, 2006.
(with Fadi Kattan and Marco Missaglia editors), The Palestinian Economy-Theoretical and Practical Challenges, Pavia University Press, Pavia 2010.


Some Papers

"The Unit of Measure of Wages, the Production Function and Switching of Techniques", Australian Economic Papers, 1978.
"The Physiocratic Theory of Prices", Contributions to Political Economy, 1983.
"The Role of Profits in Physiocratic Economics", History of Political Economy, n. 3, Fall 1985.
"A Physiocratic Model of Relative Prices and Income Distribution", The Economic Journal, n.380, vol. 95, Dicembre 1985

"The limits of Physiocracy and Smith's fortune", Economies et Sociétés, Série Oeconomia, n. 1/2, 1995.
"Adam Smith and the Economic Policy of Laissez Faire", in History of Economic Ideas, n. 1/2, 1996.
"At the foot of the Himalayas: India from the "Hindu equilibrium" to an Asian regional power?" (with Paolo Panico), in After the Asian Crises: Perspectives on Global Politics and Economics , edited, by Maria Weber, Macmillan, Basingstoke, 1999.

“Quesnay and the Road to Modernity: Technology, Markets and Polity”, Journal of the History of Economic Thought, March 2002.

Trade and Sustainable Finance for Development
, WIDER Discussion Paper n° 2002/64, July, Helsinki
Economic and Financial Instability: Lessons from the Asian Crisis, in International Financial Systems and Stocks Volatility: Issues and Remedies, edited by Nidal R. Sabri, The International Review of Comparative Public Policy, Vol. 13, Elsevier Science Ltd. 2002.
(with Sara Baroud) Asymmetries and economic interaction between Israel and Palestine, Working papers series of the Department of Political Economy and Quantitative Methods, n. 173, Pavia, April 2005.

(with Marco Missaglia), ‘The European Union Enlargement and its influence on the economic relations between the EU and MENA Countries’, in Regional Economic Policy edited by R. Bar-El G. Benhayoun and E. Moustier, L'Harmattan, Paris, 2006.
(with Chiara Marazzi and Angelica Vitali,  ‘Growth Diagnostic: The case of Palestine’, in  Gianni Vaggi Fadi Kattan and Marco Missaglia (editors), The Palestinian Economy-Theoretical and Practical Challenges, Pavia University Press, Pavia 2010.

(with Alberto Botta), “A Post-Keynesian model of the Palestinian Economy- The Economics of an Investment-Constrained Economy”, Review of Political Economy, vol. 24, n. 2, April 2012.

with Clara Capelli) A better indicator for standards of living: The Gross National Disposable Income, University of Pavia,  Department of Economics and Management , Working Paper Series # 62 (12-13) December 2013.
(with Annalisa Prizzon) , “On The Sustainability of External Debt: Is Debt Relief Enough?”, Cambridge Journal of Economics, forthcoming 2014.