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The Economists And The Press In Italy From The End Of The Xix Century Till Fascism: The Case Of Luigi Einaudi

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  • Pavanelli, Giovanni

Abstract

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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  • Pavanelli, Giovanni, 2023. "The Economists And The Press In Italy From The End Of The Xix Century Till Fascism: The Case Of Luigi Einaudi," SocArXiv 7wn4t_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:7wn4t_v1
    DOI: 10.31219/osf.io/7wn4t_v1
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    1. Pavanelli, Giovanni, 2006. "The Early Reception and Diffusion of Irving Fisher's work in Italy," Journal of the History of Economic Thought, Cambridge University Press, vol. 28(3), pages 267-294, September.
    2. Giandomenica Becchio, 2004. "Salvatore Cognetti de Martiis e il Laboratorio di Economia politica (1893-1901)," Il Pensiero Economico Italiano, Fabrizio Serra Editore, Pisa - Roma, vol. 12(2), pages 11-23.
    3. Fratianni,Michele & Spinelli,Franco, 2005. "A Monetary History of Italy," Cambridge Books, Cambridge University Press, number 9780521023450, January.
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