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Italy: The Sheltered Economy Fiorella Padoa Schioppa Kostoris (Professor of Economics, Professor of Economics, Universita di Roma, `La Sapienza')

Italy: The Sheltered Economy By Fiorella Padoa Schioppa Kostoris (Professor of Economics, Professor of Economics, Universita di Roma, `La Sapienza')

Summary

This is an academic monograph based upon a three year empirical study of the Italian economy. It presents in a nontechnical way an explanation of the huge extent and range of state intervention, and argues that this intervention should be substantially decreased and altered in character to allow the Italian economy to thrive.

Italy: The Sheltered Economy Summary

Italy: The Sheltered Economy: Structural Problems in the Italian Economy by Fiorella Padoa Schioppa Kostoris (Professor of Economics, Professor of Economics, Universita di Roma, `La Sapienza')

This volume describes in considerable detail the structural features of the Italian economy. It is based on the results of a major three-year project analysing the Italian economy, and its primary focus is on the role of state and private economic agents. Italy has a huge and interventionist governmental economic policy: the state spends over 50% of National Income. Professor Padoa Schioppa Kastoris argues that much of this state action and regulation is irrational and counter-efficient. She then argues that the Italian economy is also characterized by a large and efficient `black market', and that much of the private sector already evades the command and control imposed by the state. Since de facto deregulation therefore exists to a large extent in the Italian economy, Professor Padoa Schioppa Kastoris calls for legal deregulation and privatization. She argues that a decrease in, and an altered character of, state action will enable the Italian economy to achieve higher rates of growth, and to reconcile the goals of efficiency and public interest. The book reflects a blend of theoretical and empirical work: although much data on the Italian economy is given in the book, the analysis is not technical.

Italy: The Sheltered Economy Reviews

`Excellent translation! A must for specialists of the Italian economy, but also recommended to economists (graduate level and beyond) concerned with government's role and impact in a market economy.' Social & Behavioural Sciences
'a special monograph ... The book is actually the synopsis of a very wide research project developed in Italy by a large number of economists coordinated by the author ... it will be very helpful, both for students of applied economics and for scholars interested in understanding how the Italian economy has been steered during the last 20 years of the 'first republic'.' Paolo Onofri, University of Bologna, Economica, Vol. 61, No. 244, November 1994

Table of Contents

The scale of public intervention in the economy; the classical reasons for market failures; the modern reasons for market failures; strategic intervention in aggregate supply; strategic intervention in productive inputs; strategic intervention in aggregate demand.

Additional information

NPB9780198287483
9780198287483
0198287488
Italy: The Sheltered Economy: Structural Problems in the Italian Economy by Fiorella Padoa Schioppa Kostoris (Professor of Economics, Professor of Economics, Universita di Roma, `La Sapienza')
New
Hardback
Oxford University Press
1993-06-24
272
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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