Costantino Bresciani Turroni Explained

School Tradition:classical liberalism
Birth Date:26 February 1882
Nationality:Italian
Parents:Alessandro Bresciani (father)
Erminia Turroni (mother)
Field:Economics
Political Economy
Statistics
Econometrics

Costantino Bresciani-Turroni (26 February 1882 – 7 December 1963) was an Italian economist and statistician.[1] [2] He was the last internationally known representative of Italy’s classical school of economics, which flourished in the early part of the century and continued to exert its influence between the world wars.[3]

Biography

Costantino Bresciani-Turroni was born in Verona. He completed humanistic studies in high school and attended the law school at the University of Verona, specializing in statistics and economics.[4]

He moved to Berlin for three years where he took an active part in the University of Berlin's laboratory of economy. In 1907, obtained the university teaching in statistics at Pavia, from 1909 taught at Palermo and then, until 1919, in Genoa. In 1925, he taught political economy at Bologna and signed the Anti-Fascist Intellectuals Manifesto. Then he taught in Milan and in 1927 in Cairo. In 1920 the Ministry of Foreign Affairs appointed him a member of the Italian delegation to the Reparation Commission and entered into force on the Dawes Plan in 1924, is financial advisor of the Agent General for the payment of reparations in Berlin.[5] In 1931, he published the essay Le Vicende del Marco tedesco[6] [7] ("The vicissitudes of the German mark"— translated in 1937 as "The Economics of inflation").[8] [9] [10]

In 1933, he resigned from ' Academy of Italy, the former Accademia Nazionale dei Lincei, not to swear allegiance to the Fascist regime. In 1937 he went back to teach at the University of Milan, which he continued to do until 1957. In 1942 his Introduction to economic policy, where he is a fierce critic of state dirigisme, called for the abolition of exchange controls, the return to convertibility of the currency under a fixed exchange rate system, the re-establishment of market economy and free enterprise as a powerful engine of economic development.

In 1945 he became president of the Bank of Rome and in the same year he published the "program of economic and social liberalism" for the Liberal Party. From 1947 to 1951 was executive director of the International Bank for Reconstruction and Development.[1] From August 1953 to January 1954 he was the Italian Minister of Foreign Trade. He organized the first Law on export credit insurance.

Research Interests

Economics and Statistics

Education

Degree in law, Padua, with a dissertation on Monetary circulation and economic development.[11]

Academic Positions

Professor of Statistics at Universities of Padua, Milan (1909), Palermo (1909–1919), Genova (1919–1925). Professor of Political Economy at Bologna University (1925), Milan and The Cairo University (1927).[1]

Honours and awards

Honorary member of American Economic Association, member of the Institut de France.

Known for

Pareto laws, Economic Indices

Notes

  1. Book: Who's Who in Economics: A Biographical Dictionary of Major Economists 1700-1986 . Bresciani-Turroni, Constantino [sic] . Blaug, Mark . Mark Blaug . 2nd . 1986 . Wheatsheaf Books Limited . registration . 118 . 978-0-7450-0230-9 . Internet Archive.
  2. Web site: Bresciani Turróni, Costantino . nell'Enciclopedia Treccani . it . 19 May 2024.
  3. Book: Einaudi, Luigi . Luigi Einaudi . Introduction . Economic Policy for the Thinking Man . Fitzgerald, Edward . London, Edinburgh and Glasgow . William Hodge and Company Limited . 1950 . vii-ix . . 19 May 2024.
  4. Giannone, Antonino . Costantino Bresciani Turroni, 1882 - 1963 . Review of the International Statistical Institute . 3. 32. 1964 . 347–348 . 1401887.
  5. Book: Robbins, Lionel . Lionel Robbins . Foreword . The Economics Of Inflation: A Study Of Currency Depreciation In Post War Germany 1914-1923 . 1937 . George Allen & Unwin . London . Sayers, Millicent E. . Richard Sidney Sayers . 6 . Internet Archive.
  6. Bresciani-Turroni, Costantino . Le Vicende del Marco Tedesco . Annali di Economia . 7 . 1931 . V-XXIV, 1-596 . 23233016.
  7. Book: Hayek, Friedrich A. . Friedrich A. Hayek . Prices and Production . London . Routledge & Kegan Paul . 1935 . 2nd . 103.
  8. Book: Bresciani Turroni, Costantino . Economics Of Inflation: A Study Of Currency Depreciation In Post War Germany 1914-1923 . 1937 . George Allen & Unwin . London . Sayers, Millicent E. . Richard Sidney Sayers. Internet Archive .
  9. Robinson, J. . Joan Robinson. 1938 . Reviewed Work: The Economics of Inflation. by C. Bresciani-Turroni, Millicent E. Sayers . Economic Journal . 48 . 191 . 507–513 . 10.2307/2225440. 2225440.
  10. Robertson, D. H. . Dennis Robertson (economist) . Reviewed Work: The Economics of Inflation by Constantino Bresciani-Turroni, Millicent E. Sayers, Lionel Robbins . Economica . New Series . 5 . 18 . May 1938 . 233–235 . 10.2307/2549024 . 2549024.
  11. Fanno, Marco . Costantino Bresciani-Turroni in memoriam (1882-1963). Weltwirtschaftliches Archiv . 92 . 1964 . 40436145. 233–237 . de.

Publications

Further reading

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