Luigi Einaudi made an outstanding contribution to economics during his long career as economist, historian and policy-maker. This book makes an important selection of his works available in English for the first time. Topics covered include: taxation of consumption rather than income; European unity; and political and economic liberalism.

Luigi Einaudi (1874-1961) was a leading liberal Italian economist, economic historian and political figure: Governor of the Bank of Italy, Minister for the Budget and President of the Italian Republic. He was a prolific writer in all fields and his writings testify to his outstanding contribution to economics during his long career.

This book provides the non-Italian scholar with an extensive picture of the development of Italian economics, from the Sixteenth century to the present. The thread of the narrative is the dialectics between economic theory and political action, where the former attempts to enlighten the latter, but at the same time receives from politics the main stimulus to enlarge its field of reflection. This is particularly clear during the Enlightenment. Inside, this book insists on stressing that Galiani, Verri, and Beccaria were economists quite sensitive to practical issues, but who also were willing to attain generally valid conclusions. In this sense, "pure economics" was never performed in Italy. Even Pareto used economics (and sociology) in order to interpret and possibly steer the course of political action. Within this book it illustrates the Restoration period (1815-48). There was a slowdown of the economists' engagement, due to an adverse political situation, that prompted the economists to prefer less dangerous subjects, such as the relationship between economics, morals, and law (the main interpreter of this attitude was Romagnosi). After 1848, however, in parallel with the Risorgimento cultural climate, a new vision of the economists' task was eventually manifested. Between economics and political Liberalism a sort of alliance was established, whose prophet was F. Ferrara. While the Historical school of economics of German origin played a minor role, Pure Economics (1890-1940 approx.) had a considerable success, as regards both economic equilibrium and the theory of public finance. Consequently, the introduction of Keynes's ideas was rather troubled. Instead, Hayek had an immediate success. This book concludes with a chapter devoted to the intense relationships between economic theories, economic programmes and political action after 1945. Here, the Sraffa debate played an important role in stimulating Italian economists to a reflection on the patterns of Italian economy and the possibilities of transforming Italy's economic and social structure.

A.1.3 The anthropological background: The individual and the collective -- A.2 Excursus -- A.3 Value judgments, economics, philosophy -- A.3.1 The issue of value judgments -- A.3.2 Economics, philosophy and the whole man -- Bibliography -- Index.

Luigi Einaudi produced an extensive series of writings dedicated to European federation spanning from 1897 to 1959. In these works, he designs the policies and the institutions of European federation, anticipating the future developments of the European integration process. Several of his proposals are now embedded in the various treaties which have landmarked the history of uniting Europe. However, a number of other proposals have yet to be realised, and could represent a source of inspiration in designing the future of the EU. Einaudi is shown here to be the architect of what we call today the European Union, however no historian, economist or politician has previously recognised the fundamental role of Einaudi. This lack of recognition can be extended to Eurotower bankers, whose unconventional monetary policy has drawn so much from Einaudi’s theory of financial stability.

First published in 1985, this multi-author volume discusses the contentious issue of the relationship between shop floor bargaining and the state. Previous studies of this area tended to focus on macro-economic concerns and labour legislation, avoiding a more empirical approach that would draw out specific examples of the relationship. The seven essays in this text attempt to redress the balance through rigorous analysis of historically particular circumstances and events. In doing so, they show that the state is not always the defender of managerial centralisation and give examples of government intervention to the benefit of shop floor autonomy. This highly informative volume draws attention to the contradictory and ambiguous nature of industrial relations, and will be of value to anyone with an interest in politics and economics.