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Luigi Einaudi e il mito del pareggio del bilancio (Luigi Einaudi and the myth of balanced budget)

Author

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  • Massimo Paradiso

    (Università di Bari - Dipartimento di Scienze Economiche)

Abstract

Luigi Einaudi was always an opponent of the ‘myth’, viewed as an expression of orthodoxy and dogma in economic reasoning. However, this intellectual attitude is often interpreted as contradictory to his fame of laissez-faire economist, that would explain his acceptance of the principle of balanced budget and his misunderstanding of the Keynesian revolution. In this paper this interpretation is discussed in the light of Einaudi’s economic methodology, arguing that Einaudi considered the balanced budget as another ‘myth’, another questionable economic dogma.

Suggested Citation

  • Massimo Paradiso, 2004. "Luigi Einaudi e il mito del pareggio del bilancio (Luigi Einaudi and the myth of balanced budget)," Il Pensiero Economico Italiano, Fabrizio Serra Editore, Pisa - Roma, vol. 12(2), pages 107-117.
    • Handle: RePEc:pei:journl:v:12:y:2004:2:7:p:107-117
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    More about this item

    Keywords

    Einaudi; methodology of economics; balanced budget (Einaudi; metodo in economia; pareggio di bilancio);
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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