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The Ruling Class: Management and Politics in Modern Italy

Editor

Listed:
  • Boeri, Tito
    (Professor of Economics, Universita Bocconi, Italy)

  • Merlo, Antonio
    (Professor of Economics and Director, Penn Institute for Economic Research, University of Pennsylvania, USA)

  • Prat, Andrea
    (Professor of Economics, London School of Economics and Political Science, UK)

Abstract

The ruling class plays a major role in society. It makes possible what would otherwise be infeasible, by removing constraints that may stand in the way of long-term growth. Historically, economists devoted far less attention than sociologists to the study of ruling classes. Using the theoretical tools of economists, this volume provides an understanding of what drives the formation of a ruling class, and the relationship between politics and business firms. Focusing on Italy, it uses labour economics to analyse the selection of the ruling class, the labour market of politicians, the allocation of managers' time, and their incentives, remunerations, and career paths. It draws on contributions from two teams of leading scholars and on research undertaken by the Fondazione Rodolfo DeBenedetti. Part I focuses on the labour market of politicians. It uses detailed information on personal characteristics, incomes, performance in office, and career paths (both before and after the Parliamentary mandate) of all the politicians elected to the Italian Lower Chamber (Camera) between 1948 and 2008. This is the first time that this information has been gathered and summarized in key indicators. Part II is devoted to the managerial class. It includes cross-country surveys of managers across a sample of European countries, surveys carried out in cooperation with the largest union of managers in the service sector, social security records, and, for the first time, surveys on the allocation of time for top executives. Contributors to this volume - Giuliano Amato, European University Institute, Italy Oriana Bandiera, London School of Economics, UK Tito Boeri, Fondazione Rodolfo Debenedetti and Bocconi University, Italy Vittorio Colao, Vodafone Italia, Italy Vincenzo Galasso, Universita Bocconi, Italy Luigi Guiso, European University Institute, Italy Massimiliano Landi, Singapore Management University, Singapore Andrea Mattozzi, California Institute of Technology, US Antonio M. Merlo, University of Pennsylvania, US Andrea Prat, London School of Economics, UK Lucrezia Reichlin, University College London, UK Raffaella Sadun, London School of Economics, UK Luigi Zingales, The University of Chicago Booth School of Business, US

Suggested Citation

  • Boeri, Tito & Merlo, Antonio & Prat, Andrea (ed.), 2010. "The Ruling Class: Management and Politics in Modern Italy," OUP Catalogue, Oxford University Press, number 9780199588282.
  • Handle: RePEc:oxp:obooks:9780199588282
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    Citations

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    Cited by:

    1. Manacorda, Marco & Gagliarducci, Stefano, 2016. "Politics in the family: Nepotism and the hiring decisionsof Italian firms," LSE Research Online Documents on Economics 66440, London School of Economics and Political Science, LSE Library.
    2. Raffaela Giordano & Sergi Lanau & Pietro Tommasino & Petia Topalova, 2015. "Does Public Sector Inefficiency Constrain Firm Productivity; Evidence from Italian Provinces," IMF Working Papers 15/168, International Monetary Fund.
    3. Jan Fałkowski & Grażyna Bukowska, 2016. "Monopolizacja władzy a wyniki gospodarcze na poziomie Polski lokalnej," Gospodarka Narodowa, Warsaw School of Economics, issue 2, pages 91-120.
    4. Barigozzi, Francesca & Raggi, Davide, 2013. "The Lemons Problem in a Labor Market with Intrinsic Motivation," AICCON Working Papers 123-2013, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
    5. Giorgio Bellettini & Carlotta Berti Ceroni & Giovanni Prarolo, 2014. "Knowing The Right Person In The Right Place: Political Connections And Resistance To Change," Journal of the European Economic Association, European Economic Association, vol. 12(3), pages 641-671, June.
    6. Buonanno Paolo & Galizzi Matteo M., 2014. "Advocatus, et non Latro? Testing the Excess of Litigation in the Italian Courts of Justice," Review of Law & Economics, De Gruyter, vol. 10(3), pages 1-38, November.
    7. Fedeli, Silvia & Forte, Francesco & Leonida, Leone, 2014. "The law of survival of the political class: An analysis of the Italian parliament (1946–2013)," European Journal of Political Economy, Elsevier, vol. 35(C), pages 102-121.

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