When Italian economics “Was Second to None”. Luigi Einaudi and the Turin School of Economics

Marchionatti, Roberto; Cassata, Francesco; Becchio, Giandomenica; Mornati, Fiorenzo

doi:10.1080/09672567.2011.653885

Cited by 13 publications

(6 citation statements)

References 7 publications

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“…From the first decade of the Twentieth century, he became chief editor of La Riforma Sociale, an academic journal published in Turin which under his direction focused on policy issues and became the point of reference of a group of committed liberal economists (the socalled 'Turin school of economics': cf. Marchionatti, Cassata, Becchio and Mornati, 2013).…”

Section: Einaudi's Short Intellectual Biographymentioning

confidence: 99%

The Economists and the Press in Italy From the End of the Xix Century Till Fascism: The Case of Luigi Einaudi

Pavanelli¹

2023

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Luigi Einaudi was an authoritative Italian economist and a leading representative of economic and political liberalism in Europe. After the Second World War, he became governor of the Bank of Italy and President of the Italian Republic. This paper analyses his role as opinion maker from the end of the Nineteenth century till the 1920s, when he was a leading columnist at ‘La Stampa’ and the ‘Corriere della Sera’, the most influential newspapers in Italy at that time. It focuses on the scope and limits of Einaudi’s efforts to broaden consensus among the Italian public opinion on the principles of economic liberalism and free competition. To this end, it investigates Einaudi’s journalistic style, his views on the role of the newspapers and his large following among the public. Further sections analyze the main issues tackled by Einaudi in his articles in the Corriere and the systematic work of propaganda he enacted during World War I to convince the Italian households to reduce consumption and to finance the military expenditure. A final section deals with the “reconstruction program” devised by Einaudi in the early 1920s with the aim of restoring price stability and fiscal restraint, his efforts to propagate this program in the Corriere and his defeat after the beginning of the fascist regime in 1924-25.

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Section: Einaudi's Short Intellectual Biographymentioning

confidence: 99%

The Economists and the Press in Italy From the End of the Xix Century Till Fascism: The Case of Luigi Einaudi

Pavanelli¹

2023

Preprint

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“…Sraffa received his training as an economist in Italy at Turin University at the school of Luigi Einaudi (Marchionatti et. al., 2013), and then in the United Kingdom at LSE and Cambridge, where he lived by 1927.…”

Section: Premise: Seeking a Classical Foundation For A General Equili...mentioning

confidence: 99%

Between Berlin and Cambridge: classical conceptions of the general economic equilibrium in the late 1920s

Marchionatti

2019

Cambridge Journal of Economics

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This paper deals with some contributions to the debate on General Economic Equilibrium between the two world wars. Originating in Cambridge and Berlin, they differed from the Viennese contributions of the Walrasian perspective traditionally considered by the literature. They can be defined to represent the classical approach to general equilibrium. The authors considered are the Italian-born economist Piero Sraffa, the German mathematician Robert Remak and the Russian-born economist Wassily Leontief. The paper focuses in particular on the intellectual origins of their contributions in the Russian-German theoretical debate of the period 1890–1910 involving classical economists, Marx and Walras: these connections emerge clearly in the contributions of the German-Russian Mathematical School between the end of the nineteenth and the beginning of the twentieth centuries.

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“…Cabiati's analysis was centered on the concept of general equilibrium and drew mainly on the work of Pareto in his Manuale. His point of view on dumping can be summarized by the following statements: 3 On Einaudi and the Torino school of economics, see Forte and Marchionatti (2012) and Marchionatti et al (2010).…”

Section: A Reconstruction Of Jannaccone's Dumping Theorymentioning

confidence: 99%

“… 3 On Einaudi and the Torino school of economics, see Forte and Marchionatti (2012) and Marchionatti et al (2010). …”

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confidence: 99%

Dumping as Price Discrimination: Jannaccone’s Classic Theory Before Viner

Cantono¹,

Marchionatti²

2012

J Hist Econ Thought

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Dumping actions and anti-dumping policies were regularly on the political agenda for several years in the pre-World War I period in Europe and the United States. In Italy, politics, economic circles, and scholars were engaged in debate on whether to protect sensitive industries threatened by sales below cost in their home markets, practiced by foreign competitors. Einaudi and his school of economics tackled the issue with several publications. In this paper we focus on Jannaccone’s essays, which he contributed to both a symposium in Riforma sociale in March 1914 and an issue in Rivista delle società commerciali in June 1914. Although we recognize that Viner (1923) theoretically systematized dumping in the wider framework of international trade, we nevertheless claim that the theoretical origin of dumping, in a context of imperfect competition, was Jannaccone’s essay. We show that Jannaccone proposed an early theory of dumping as an instance of the more general theory of price discrimination. He defined and classified dumping; he developed a static analysis of its profitability; he investigated the effects of dumping in both domestic and foreign markets; and he analyzed the effect of protectionism and its policy implications.

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When Italian economics “Was Second to None”. Luigi Einaudi and the Turin School of Economics

Cited by 13 publications

References 7 publications

The Economists and the Press in Italy From the End of the Xix Century Till Fascism: The Case of Luigi Einaudi

The Economists and the Press in Italy From the End of the Xix Century Till Fascism: The Case of Luigi Einaudi

Between Berlin and Cambridge: classical conceptions of the general economic equilibrium in the late 1920s

Dumping as Price Discrimination: Jannaccone’s Classic Theory Before Viner

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