IDEAS home Printed from https://ideas.repec.org/a/bla/ajecsc/v80y2021i4p1087-1108.html
   My bibliography  Save this article

Should a Christian Party Conceive Policies in Line with the Preferential Option for the Poor? Italian Historical Experience, 1946–1993

Author

Listed:
  • Luca Sandonà
  • Stefano Solari

Abstract

Italy was governed by one party from 1946 to 1993: the Christian Democrats (Democrazia Cristiana or DC). Initially, the DC Party adopted policies in the classical and conservative tradition to cope with poverty: agrarian reform, expansive fiscal policies, and social housing. After the Second Vatican Council, which led to growing acceptance of the “preferential option for the poor,” a radical change emerged in the DC Party regarding some social‐democratic policies: the party endorsed universal healthcare and social pensions and assistance. The fundamental idea was the “decommodification” of basic services. In these reforms, there were some good results as well as some failures. There were also difficulties with public finances.

Suggested Citation

  • Luca Sandonà & Stefano Solari, 2021. "Should a Christian Party Conceive Policies in Line with the Preferential Option for the Poor? Italian Historical Experience, 1946–1993," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(4), pages 1087-1108, September.
  • Handle: RePEc:bla:ajecsc:v:80:y:2021:i:4:p:1087-1108
    DOI: 10.1111/ajes.12422
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/ajes.12422
    Download Restriction: no

    File URL: https://libkey.io/10.1111/ajes.12422?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Charles M.A. Clark, 2019. "Catholicism and Economics: Towards a “Deeper Reflection on the Nature of the Economy and its Purposes”," American Journal of Economics and Sociology, Wiley Blackwell, vol. 78(2), pages 409-441, March.
    2. Mc Namara, Andrea & Murro, Pierluigi & O'Donohoe, Sheila, 2017. "Countries lending infrastructure and capital structure determination: The case of European SMEs," Journal of Corporate Finance, Elsevier, vol. 43(C), pages 122-138.
    3. Stefano Solari, 2010. "The corporative third way in Social Catholicism (1830 to 1918)," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 17(1), pages 87-113.
    4. Matteo Rossi, 2014. "Capital structure of small and medium enterprises: the Italian case," International Journal of Globalisation and Small Business, Inderscience Enterprises Ltd, vol. 6(2), pages 130-144.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. D’Orazio, Paola & Valente, Marco, 2019. "The role of finance in environmental innovation diffusion: An evolutionary modeling approach," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 417-439.
    2. Bertrand, Jérémie & Murro, Pierluigi, 2022. "Firm–bank “odd couples” and trade credit: Evidence from Italian small- and medium-sized enterprises," Economic Modelling, Elsevier, vol. 111(C).
    3. Nemlioglu, Ilayda & Mallick, Sushanta K., 2020. "Do innovation-intensive firms mitigate their valuation uncertainty during bad times?," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 913-940.
    4. Jeremie Bertrand & Pierluigi Murro, 2018. "Is trade credit a substitute for relationship lending credit?," CERBE Working Papers wpC25, CERBE Center for Relationship Banking and Economics.
    5. Bertrand, Jérémie & Weill, Laurent, 2023. "Too sunny to borrow: Sunshine and borrower discouragement," Research in International Business and Finance, Elsevier, vol. 65(C).
    6. Nikolaos Daskalakis & Eleni Tsota, 2023. "Reintroducing Industry Effects in Capital Structure Determination of SMEs," Business & Entrepreneurship Journal, SCIENPRESS Ltd, vol. 12(2), pages 1-4.
    7. Godlewski, Christophe J., 2020. "How legal and institutional environments shape the private debt renegotiation process?," Journal of Corporate Finance, Elsevier, vol. 62(C).
    8. Katrien Jansen & Anneleen Michiels & Wim Voordeckers & Tensie Steijvers, 2023. "Financing decisions in private family firms: a family firm pecking order," Small Business Economics, Springer, vol. 61(2), pages 495-515, August.
    9. Robert Stanisławski, 2020. "Open Innovation as a Value Chain for Small and Medium-Sized Enterprises: Determinants of the Use of Open Innovation," Sustainability, MDPI, vol. 12(8), pages 1-24, April.
    10. Iván Arribas & Emili Tortosa-Ausina & TingTing Zhu, 2021. "Optimal capital structure, model uncertainty, and European SMEs," Working Papers 2021/11, Economics Department, Universitat Jaume I, Castellón (Spain).
    11. Ichiro Iwasaki & Evžen Kočenda & Yoshisada Shida, 2022. "Institutions, financial development, and small business survival: evidence from European emerging markets," Small Business Economics, Springer, vol. 58(3), pages 1261-1283, March.
    12. Casino-Martínez, Alejandro & López-Gracia, Jose & Mestre-Barberá, Reyes, 2023. "The regulatory environment and financial constraints of private firms in the European Union," Global Finance Journal, Elsevier, vol. 55(C).
    13. Ferri, Giovanni & Murro, Pierluigi & Pini, Marco, 2020. "Credit rationing and the relationship between family businesses and banks in Italy," Global Finance Journal, Elsevier, vol. 43(C).
    14. Salman Ali & Guihua Li & Ping Yang & Kramat Hussain & Yousaf Latif, 2020. "Unpacking the importance of intangible skills in new product development and sustainable business performance; strategies for marketing managers," PLOS ONE, Public Library of Science, vol. 15(9), pages 1-26, September.
    15. Kate Ward, 2020. "Universal Basic Income and Work in Catholic Social Thought," American Journal of Economics and Sociology, Wiley Blackwell, vol. 79(4), pages 1271-1306, September.
    16. Sushma Verma & Samik Shome & Aakruti Patel, 2024. "Exploring the Effects of Firm-Specific Factors on Financing Preferences of Listed SMEs in India," Business Perspectives and Research, , vol. 12(1), pages 149-163, January.
    17. Marcelo Resico & Stefano Solari, 2016. "The Social Market Economy as a Feasible Policy Option for Latin Countries," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2016(2), pages 27-52.
    18. repec:arp:tjssrr:2019:p:140-149 is not listed on IDEAS
    19. Bakkar, Yassine, 2023. "Climate Risk and Bank Capital Structure," QBS Working Paper Series 2023/04, Queen's University Belfast, Queen's Business School.
    20. Albert Danso & Samuel Fosu & Samuel Owusu‐Agyei & Collins G. Ntim & Emmanuel Adegbite, 2021. "Capital structure revisited. Do crisis and competition matter in a Keiretsu corporate structure?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5073-5092, October.
    21. Du, Yan & Goodell, John W. & Piljak, Vanja & Vulanovic, Milos, 2022. "Subsidiary financing choices: The roles of institutional distances from home countries," International Review of Financial Analysis, Elsevier, vol. 83(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajecsc:v:80:y:2021:i:4:p:1087-1108. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0002-9246 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.