Prezzi politici e ostacoli istituzionali in Maffeo Pantaleoni

Bellanca, Nicolo' (2024): Prezzi politici e ostacoli istituzionali in Maffeo Pantaleoni.

Abstract

Maffeo Pantaleoni’s concepts of “political prices” and “economic prices” explore institutional change and the dynamics of rent-seeking society. He distinguishes between “objective” discriminations, which conform to the reproductive logic of an institution, and those that are entirely arbitrary. Additionally, he distinguishes between criteria of impartiality, which treat everyone the same way, and criteria of universalizability, which apply a rule regardless of whom it may benefit or harm. Through these concepts, he defines “economic prices” as characterized by proscriptive rules, which prohibit certain choices, rather than prescriptive rules, which allow certain options for some and not for others. They cannot eliminate privileges, but they eliminate privileged access to privileges. Their antithesis is “political prices,” which emerge when groups compete with each other to grab rents and maintain privileges. The more the system of political prices generalizes across all institutions (private, public, commercial) of society, the less it is able to sustain itself, as every group desires to benefit from it, but no one wants to finance it. Here lies the historical resilience of economic prices.

• Item Type: MPRA Paper
• English Title: Political prices and institutional obstacles in Maffeo Pantaleoni
• Language: Italian
• Keywords: Maffeo Pantaleoni, political prices, economic prices, institutional change, rent-seeking society, distributive coalitions
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School); B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B15 - Historical ; Institutional ; Evolutionary; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O10 - General; P - Economic Systems > P1 - Capitalist Systems; P - Economic Systems > P1 - Capitalist Systems > P16 - Political Economy

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