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L’impresa tra dirigismo e mercato


  • Stefano Micossi

    () (Assonime, Roma e College of Europe, Bruges)


This essay discusses the endemic weaknesses of Italian industry in a historical as well as analytical perspective. The main conclusion is that these weaknesses may not be determined by some hereditary shortcomings of character and skill of our entrepreneurial class, but rather by the economic and social policies that have been followed since the Constituent Assembly. In particular, the prevailing small size and strong concentration of ownership could mainly be a consequence of labour market rules introduced at the end of the 1960s, as well as the economic and social policies followed in order to permit those rules to survive, despite their inconsistency with the changing competitive environment.

Suggested Citation

  • Stefano Micossi, 2006. "L’impresa tra dirigismo e mercato," Rivista di Politica Economica, SIPI Spa, vol. 96(4), pages 13-48, July-Augu.
  • Handle: RePEc:rpo:ripoec:v:96:y:2006:i:4:p:13-48

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    References listed on IDEAS

    1. Alexander Dyck & Luigi Zingales, 2004. "Private Benefits of Control: An International Comparison," Journal of Finance, American Finance Association, vol. 59(2), pages 537-600, April.
    2. repec:hrv:faseco:30747162 is not listed on IDEAS
    3. Faccio, Mara & Lang, Larry H. P., 2002. "The ultimate ownership of Western European corporations," Journal of Financial Economics, Elsevier, vol. 65(3), pages 365-395, September.
    4. Marco Becht & Fabrizio Barca, 2001. "The control of corporate Europe," ULB Institutional Repository 2013/13302, ULB -- Universite Libre de Bruxelles.
    5. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    6. Friedrich Schneider, 2000. "The Increase of the size of the shadow economy of 18 OECD countries: Some preliminary explanations," Economics working papers 2000-08, Department of Economics, Johannes Kepler University Linz, Austria.
    7. Hall, Peter A. & Soskice, David (ed.), 2001. "Varieties of Capitalism: The Institutional Foundations of Comparative Advantage," OUP Catalogue, Oxford University Press, number 9780199247752.
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    JEL classification:

    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • P12 - Economic Systems - - Capitalist Systems - - - Capitalist Enterprises
    • P47 - Economic Systems - - Other Economic Systems - - - Performance and Prospects


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