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L’attualità di Bruno de Finetti nella crisi in corso dell’economia e della teoria economica (On the topicality of Bruno de Finetti's analysis in the midst of the economic crisis)

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  • Felice Roberto Pizzuti

    (Sapienza Università di Roma)

Abstract

The article recalls the main results derived by the notable Italian mathematician Bruno de Finetti that may be of interest for economists. It is especially important to briefly overview his works and views on welfare economics and actuarial mathematics in light of the dominant approach in economics today, based on crude and supposedly neutral formalization, and often blind to the philosophical and moral implications of its analysis. De Finetti studied social security and social protection with analyses of great interest, for example anticipating the so-called Aaron’s paradox by a decade. But he also discussed the relative merits as well as the relative security of pre-funded and pay-as-you-go pension systems, denoting a much wider perspective than what is currently usually the case.

Suggested Citation

  • Felice Roberto Pizzuti, 2016. "L’attualità di Bruno de Finetti nella crisi in corso dell’economia e della teoria economica (On the topicality of Bruno de Finetti's analysis in the midst of the economic crisis)," Moneta e Credito, Economia civile, vol. 69(275), pages 253-267.
    • Handle: RePEc:psl:moneta:2016:31
    DOI: http://dx.doi.org/10.13133/2037-3651_69.275_1
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    References listed on IDEAS

    as
    1. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66(6), pages 467-467.
    2. Felice Roberto Pizzuti, 2013. "Crisi, istituzioni e politiche sociali," Economia & lavoro, Carocci editore, issue 2, pages 5-30.
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    More about this item

    Keywords

    pension systems; social security; PAYG; pre-funded pension systems;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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