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Italy, Economics in

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Abstract

The history of economics in Italy reflects an interaction between scientific–educational institutions and political power, which led economists to combine a theoretical approach and political commitment. During the Enlightenment a network of circles and public academies spawned the contributions of Beccaria, Genovesi, Galiani, Ortes and Verri. The institutionalization of economics in the 19th century prepared the success of the marginalist generation led by Pantaleoni, Pareto and Barone. In the interwar period, academic economists formed a bulwark against Fascism. The post-war political climate favoured the internationalization of economics, with the importation of Keynesianism and, later, other currents of thought.

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Augello, M.M., Guidi, M.E.L. (2018). Italy, Economics in. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2530

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