Maffeo Pantaleoni was an Italian

Italy

Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...

 economist

Economics

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

, and a notable proponent of neoclassical economics

Neoclassical economics

Neoclassical economics is a term variously used for approaches to economics focusing on the determination of prices, outputs, and income distributions in markets through supply and demand, often mediated through a hypothesized maximization of utility by income-constrained individuals and of profits...

. He was occasionally referred to as "the Marshall

Alfred Marshall

Alfred Marshall was an Englishman and one of the most influential economists of his time. His book, Principles of Economics , was the dominant economic textbook in England for many years...

 of Italy", because of his unrelenting defence of laissez-faire

Laissez-faire

In economics, laissez-faire describes an environment in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies....

economic policies.

Later in his life, before and during World War I

World War I

World War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...

, he became an ardent nationalist

Nationalism

Nationalism is a political ideology that involves a strong identification of a group of individuals with a political entity defined in national terms, i.e. a nation. In the 'modernist' image of the nation, it is nationalism that creates national identity. There are various definitions for what...

 and anti-socialist politician

Politician

A politician, political leader, or political figure is an individual who is involved in influencing public policy and decision making...

, with close ties to the Fascist

Italian Fascism

Italian Fascism also known as Fascism with a capital "F" refers to the original fascist ideology in Italy. This ideology is associated with the National Fascist Party which under Benito Mussolini ruled the Kingdom of Italy from 1922 until 1943, the Republican Fascist Party which ruled the Italian...

 movement. He was Minister of Finance in the Carnaro

Italian Regency of Carnaro

The Italian Regency of Carnaro was a self-proclaimed state in the city of Fiume led by Gabriele d'Annunzio between 1919 and 1920.-Impresa di Fiume:...

 government of Gabriele D'Annunzio

Gabriele D'Annunzio

Gabriele D'Annunzio or d'Annunzio was an Italian poet, journalist, novelist, and dramatist...

 at Fiume, which lasted for fifteen months between 1919 and 1920. Shortly before his death, he was elected to the Italian Senate

Italian Senate

The Senate of the Republic is the upper house of the Italian Parliament. It was established in its current form on 8 May 1948, but previously existed during the Kingdom of Italy as Senato del Regno , itself a continuation of the Senato Subalpino of Sardinia-Piedmont established on 8 May 1848...

.

Pantaleoni was a major contributor to the Italian school of economics known as 'La Scienza delle Finanze'. His book 'Teoria della Traslazione dei Tributi' (theory of tax shifting) is a pioneering study of tax incidence

Tax incidence

In economics, tax incidence is the analysis of the effect of a particular tax on the distribution of economic welfare. Tax incidence is said to "fall" upon the group that, at the end of the day, bears the burden of the tax...

. According to Nobel prize

Nobel Prize

The Nobel Prizes are annual international awards bestowed by Scandinavian committees in recognition of cultural and scientific advances. The will of the Swedish chemist Alfred Nobel, the inventor of dynamite, established the prizes in 1895...

 winner James M. Buchanan

James M. Buchanan

James McGill Buchanan, Jr. is an American economist known for his work on public choice theory, for which he received the 1986 Nobel Memorial Prize in Economic Sciences. Buchanan's work initiated research on how politicians' self-interest and non-economic forces affect government economic policy...

, Pantaleoni and his followers (such as Antonio De Viti De Marco

Antonio De Viti De Marco

Antonio De Viti De Marco was an Italian economist. He was professor of public finance in Rome from 1887 until 1931, when he resigned rather than take an oath of loyalty to the Fascist regime. He was a long time editor of the Giornale degli Economisti.He has been described as "an unyielding...

 and Vilfredo Pareto

Vilfredo Pareto

Vilfredo Federico Damaso Pareto , born Wilfried Fritz Pareto, was an Italian engineer, sociologist, economist, political scientist and philosopher. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices....

) can be considered the intellectual forefathers of the modern public choice theory

Public choice theory

In economics, public choice theory is the use of modern economic tools to study problems that traditionally are in the province of political science...

.

Major works of Maffeo Pantaleoni

• Teoria Della Traslazione dei Tributi, 1882.
• "Contributions to the Theory of the Distribution of Public Expenditure", 1883.
• Dall 'ammontare probabile della Richezza Privata in Italia, 1884.
• Pure Economics, 1889.
• "A proposito di Luigi Cossa e della sua "Histoire des Doctrines économiques", 1898, GdE
• "Dei criteri che devono informare la storia delle dottrine economiche", 1898, GdE
• "An attempt to analyze the concepts of "Strong" and "Weak" in their economic connexion", 1898, EJ
• "Una visione cinematografica del progresso della scienza economica, 1870-1907", 1907, GdE
• Note in Margine della Guerra, 1917.
• Politica, 1918.
• Erotemi di Economica, 1925.

External links

• Maffeo Pantaleoni at the New School