Enrico Barone

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Enrico Barone

Enrico Barone (Italian:

military historian, and an economist
.

Biography

Barone studied the classics and mathematics before becoming an army officer. He taught military history for eight years from 1894 at the Officers' Training School.[where?] There he wrote a series of influential historical military works. In these he employed a method of successive approximations to which his study in economics had introduced him. In 1902, he became head of the historical office of the General Staff. He resigned his commission in 1906.

From 1894 he collaborated with Maffeo Pantaleoni and Vilfredo Pareto in the Giornale degli Economisti.[1][2]

Impact

He was the first to state conditions under which a

market equilibrium. He pioneered the economic theory of index numbers. His contributions were made without use of utility or even indifference curves.[4]

Principi di economia finanziaria, 1937

Barone has been described as a "founder of the pure theory of a socialist economy."

Austrian School economists' responses, fueled discussion of the economic calculation problem and market socialism in the 1930s.[1] His method also anticipated Abram Bergson's seminal formulation of a social welfare function three decades later.[4]

Notes

  1. ^
    [1987] 2008. "Barone, Enrico," The New Palgrave Dictionary of Economics, 2nd Edition. Related links
    .
  2. ^ Michael McLure, 2006. "The 'Pareto School' and the Giornale Degli Economisiti," HETSA Conference, History of Economic Thought Society of Australia, 4–7 July.
  3. William D. Nordhaus, 1992. "The Ecology of Markets," Proceedings of the National Academy of Sciences of the United States of America, 89(3), Feb. 1, p. 845. [Pp. 843–850. Archived 2007-07-20 at the Wayback Machine
  4. ^ , pp. 213–18.
  5. F. A. Hayek, ed. (1935), Collectivist Economic Planning, pp. 245–90, reprinted in R. Marchionatti, ed. (2004), Early Mathematical Economics, 1871–1915: The Establishment of the Mathematical Method in Economics, v. IV, Taylor & Francis, pp. 227–63
    (bigger preview).
       •
    Enrico Barone, Il ministro della produzione nello stato collettivista (1908) Passages from the Italian original text.

References