Enrico Barone's famous article on economic planning, "Il Ministro della Produzione nello Stato Co... more Enrico Barone's famous article on economic planning, "Il Ministro della Produzione nello Stato Collettivista" ("The Ministry of Production in the Collectivist State"), which showed the theoretical possibility of an economically efficient collectivist planned economy, was published in Giornale degli Economisti in 1908. Barone's article has been widely cited, particularly in the comparative economic systems literature, but it has not been very widely read or analyzed in recent years, and there is not much literature that places Barone's "Ministry" model in the context of his other works or in its historical, social, or ideological context. The aims of this paper are: a) to analyze Barone's model in depth and to clarify a text which is often obscure; b) to interpret the most problematic passages using Barone's other writings, and the later literature on the subject; and c) to examine the apparent contradiction between Barone's hostility to socialism and his attempt to formulate the pure theory of the collectivist economy.
Without denying the various distinct stages of Pantaleoni’s intellectual development, this work s... more Without denying the various distinct stages of Pantaleoni’s intellectual development, this work shows how considerable was its continuity, identified here in a vision understood in Schumpeter’s sense of «ideological bias». It is argued that Pantaleoni sought scientific legitimacy for his ideology by basing it on a theory very fashionable at that time: Spencer’s Social Darwinism. In each of the various stages of his work are to be found the sequence of the five subjects the vision consists of: hedonism, selection, inequality, coercion, and progress. The study demonstrates that Pantaleoni’s motivation, even in his most abstract of arguments, was always his hostility to socialism. Following in Spencer’s footsteps, what he aimed at was the progressive evolution of society, which he felt was threatened by socialist theories.
European Journal of The History of Economic Thought, Jan 31, 2020
Preface and acknowledgements v A note on the numbering of equations, tables and figures xv 1 Back... more Preface and acknowledgements v A note on the numbering of equations, tables and figures xv 1 Background 1 Chapter notes 8 References 9 2 The division of labour and the firm 13 2.1 Ancient philosophers 13 2.2 Medieval period 14 2.3 Pre-classical economics period 16 2.4 19th century 18 2.5 20th century 25 Chapter notes 37 References 39 3 Development of a theory of production or the firm 43 3.1 Pre-classical economists 43 3.2 The classical economics period 46 3.2.1 The proto-neoclassicals 48 3.3 The neoclassical era 62 3.3.1 Behavioural and managerial models 86 3.3.2 Contemporary criticisms of the neoclassical model 90 3.3.3 Coase versus Demsetz on the neoclassical model 93 3.3.4 Profit maximisation 95 3.4 Malmgren (1961) 96 Chapter notes 101 References 111 4 Possible reasons for the neglect of the firm 127 Chapter notes 134 References 135 xvii
part of the material is concerned, specifi cally the rights of translation, reprinting, reuse of ... more part of the material is concerned, specifi cally the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfi lms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specifi c statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.
In this contribution, Augello’s volumes are used to create a thematic bibliography on the subject... more In this contribution, Augello’s volumes are used to create a thematic bibliography on the subject of monopoly power. After having looked at different entries, and after having placed all the corresponding writers in chronological order, the author shows the interesting data of the frequency of publications on this subject, as well as the themes which characterised the various periods. She also highlights the evocative power of the titles of books
... 2001: 900). Having illustrated the contributions of Pareto and Barone on these subjects, we b... more ... 2001: 900). Having illustrated the contributions of Pareto and Barone on these subjects, we believe that the ... Bain JS (1956), Barriers to New Competition. Cambridge MA: Harvard University Press. Barone E. (1908) Principi di economia politica. Roma: Athenaeum, 1915. ...
Italy entered the war in May 1915, the USA in April 1917. One hundred years on, this paper examin... more Italy entered the war in May 1915, the USA in April 1917. One hundred years on, this paper examines the viewpoint of Antonio de Viti de Marco, the renowned Italian economist who was one of the founders of the pure theory of Public Finance. It first focuses on De Viti’s interpretation of the economic and political aspects of the Great War, and reconstructs his vision of the world conflict as a struggle between liberal democracies and authoritarian states. Secondly, the paper highlights the convergence of De Viti’s ideals with those of President Wilson, seen as the powerful international leader of the Italian democratic interventionists. It also clarifies that the “Wilsonianism” of this movement originated in the Italian Risorgimento, and suggests that this convergence was not coincidental. Finally, it shows how, after the war, the unconditional admiration De Viti felt for the American positions gave way to bitter disappointment.
The purpose of this article is to show that there is a gap in the literature on the sources of mo... more The purpose of this article is to show that there is a gap in the literature on the sources of monopoly power. It looks at the literature on the history of different topics (Industrial Organization, Models of profit maximization in non-competitive markets, Antitrust, Competition) to find out which kind of limitation to entry economists before Bain took into account, the role they attributed to the number of firms present in the market, and their ideas on potential competition. It finds that there are good reasons to investigate the sources of market power in the Italian marginalist thought. The paper demonstrate that: 1. new filiations of ideas can be traced; 2. entry is not considered before 1950s only in analytical models, while in non formalized theory there is a lot on this notion; 3. economists were perfectly aware of the situation between perfect competition and monopoly before 1930s; 4. Italian marginalists used a kind of theory of strategic competition, which was an adaptati...
Palgrave Studies in the History of Economic Thought, 2019
The economists teaching in Italian universities formed influential schools which produced the cou... more The economists teaching in Italian universities formed influential schools which produced the country’s elites. The relationship between these schools and fascism is varied and complex. Despite some particular features due to fascist legislation, the development of the Italian system of university education did not differ from that of other European countries. The investigation conducted in this chapter on the universities’ transition from the liberal age to the fascist “era” offers a description of the salient episodes marking the relationship between the economists and the regime. The reconstruction of both institutional and theoretical aspects, accompanied by a careful study of the political and social context, forms the basis for a tentative interpretation of the history of Italy between the two world wars.
Enrico Barone's famous article on economic planning, "Il Ministro della Produzione nello Stato Co... more Enrico Barone's famous article on economic planning, "Il Ministro della Produzione nello Stato Collettivista" ("The Ministry of Production in the Collectivist State"), which showed the theoretical possibility of an economically efficient collectivist planned economy, was published in Giornale degli Economisti in 1908. Barone's article has been widely cited, particularly in the comparative economic systems literature, but it has not been very widely read or analyzed in recent years, and there is not much literature that places Barone's "Ministry" model in the context of his other works or in its historical, social, or ideological context. The aims of this paper are: a) to analyze Barone's model in depth and to clarify a text which is often obscure; b) to interpret the most problematic passages using Barone's other writings, and the later literature on the subject; and c) to examine the apparent contradiction between Barone's hostility to socialism and his attempt to formulate the pure theory of the collectivist economy.
Without denying the various distinct stages of Pantaleoni’s intellectual development, this work s... more Without denying the various distinct stages of Pantaleoni’s intellectual development, this work shows how considerable was its continuity, identified here in a vision understood in Schumpeter’s sense of «ideological bias». It is argued that Pantaleoni sought scientific legitimacy for his ideology by basing it on a theory very fashionable at that time: Spencer’s Social Darwinism. In each of the various stages of his work are to be found the sequence of the five subjects the vision consists of: hedonism, selection, inequality, coercion, and progress. The study demonstrates that Pantaleoni’s motivation, even in his most abstract of arguments, was always his hostility to socialism. Following in Spencer’s footsteps, what he aimed at was the progressive evolution of society, which he felt was threatened by socialist theories.
European Journal of The History of Economic Thought, Jan 31, 2020
Preface and acknowledgements v A note on the numbering of equations, tables and figures xv 1 Back... more Preface and acknowledgements v A note on the numbering of equations, tables and figures xv 1 Background 1 Chapter notes 8 References 9 2 The division of labour and the firm 13 2.1 Ancient philosophers 13 2.2 Medieval period 14 2.3 Pre-classical economics period 16 2.4 19th century 18 2.5 20th century 25 Chapter notes 37 References 39 3 Development of a theory of production or the firm 43 3.1 Pre-classical economists 43 3.2 The classical economics period 46 3.2.1 The proto-neoclassicals 48 3.3 The neoclassical era 62 3.3.1 Behavioural and managerial models 86 3.3.2 Contemporary criticisms of the neoclassical model 90 3.3.3 Coase versus Demsetz on the neoclassical model 93 3.3.4 Profit maximisation 95 3.4 Malmgren (1961) 96 Chapter notes 101 References 111 4 Possible reasons for the neglect of the firm 127 Chapter notes 134 References 135 xvii
part of the material is concerned, specifi cally the rights of translation, reprinting, reuse of ... more part of the material is concerned, specifi cally the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfi lms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specifi c statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.
In this contribution, Augello’s volumes are used to create a thematic bibliography on the subject... more In this contribution, Augello’s volumes are used to create a thematic bibliography on the subject of monopoly power. After having looked at different entries, and after having placed all the corresponding writers in chronological order, the author shows the interesting data of the frequency of publications on this subject, as well as the themes which characterised the various periods. She also highlights the evocative power of the titles of books
... 2001: 900). Having illustrated the contributions of Pareto and Barone on these subjects, we b... more ... 2001: 900). Having illustrated the contributions of Pareto and Barone on these subjects, we believe that the ... Bain JS (1956), Barriers to New Competition. Cambridge MA: Harvard University Press. Barone E. (1908) Principi di economia politica. Roma: Athenaeum, 1915. ...
Italy entered the war in May 1915, the USA in April 1917. One hundred years on, this paper examin... more Italy entered the war in May 1915, the USA in April 1917. One hundred years on, this paper examines the viewpoint of Antonio de Viti de Marco, the renowned Italian economist who was one of the founders of the pure theory of Public Finance. It first focuses on De Viti’s interpretation of the economic and political aspects of the Great War, and reconstructs his vision of the world conflict as a struggle between liberal democracies and authoritarian states. Secondly, the paper highlights the convergence of De Viti’s ideals with those of President Wilson, seen as the powerful international leader of the Italian democratic interventionists. It also clarifies that the “Wilsonianism” of this movement originated in the Italian Risorgimento, and suggests that this convergence was not coincidental. Finally, it shows how, after the war, the unconditional admiration De Viti felt for the American positions gave way to bitter disappointment.
The purpose of this article is to show that there is a gap in the literature on the sources of mo... more The purpose of this article is to show that there is a gap in the literature on the sources of monopoly power. It looks at the literature on the history of different topics (Industrial Organization, Models of profit maximization in non-competitive markets, Antitrust, Competition) to find out which kind of limitation to entry economists before Bain took into account, the role they attributed to the number of firms present in the market, and their ideas on potential competition. It finds that there are good reasons to investigate the sources of market power in the Italian marginalist thought. The paper demonstrate that: 1. new filiations of ideas can be traced; 2. entry is not considered before 1950s only in analytical models, while in non formalized theory there is a lot on this notion; 3. economists were perfectly aware of the situation between perfect competition and monopoly before 1930s; 4. Italian marginalists used a kind of theory of strategic competition, which was an adaptati...
Palgrave Studies in the History of Economic Thought, 2019
The economists teaching in Italian universities formed influential schools which produced the cou... more The economists teaching in Italian universities formed influential schools which produced the country’s elites. The relationship between these schools and fascism is varied and complex. Despite some particular features due to fascist legislation, the development of the Italian system of university education did not differ from that of other European countries. The investigation conducted in this chapter on the universities’ transition from the liberal age to the fascist “era” offers a description of the salient episodes marking the relationship between the economists and the regime. The reconstruction of both institutional and theoretical aspects, accompanied by a careful study of the political and social context, forms the basis for a tentative interpretation of the history of Italy between the two world wars.
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