Bellanca, Nicolo' (2024): Prezzi politici e ostacoli istituzionali in Maffeo Pantaleoni.
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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 |
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Original Title: | Prezzi politici e ostacoli istituzionali in Maffeo Pantaleoni |
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 |
Item ID: | 121860 |
Depositing User: | Nicolò Bellanca |
Date Deposited: | 01 Sep 2024 16:07 |
Last Modified: | 03 Oct 2024 09:48 |
References: | Baumol, William J., John C. Panzar & Robert D. Willig (1982), Contestable Markets and the Theory of Industry Structure, Harcourt, Brace & Jovanovich, New York. Bellanca, Nicolò (1992), edited by, The liberalist political economy of Maffeo Pantaleoni, Economists’ Archives, n.2, june, University of Florence. Bellanca, Nicolò (1993), La teoria della finanza pubblica in Italia, 1883-1946. Saggio storico sulla scuola italiana di economia pubblica, Olschki, Firenze. Bellanca, Nicolò (1995a), From “Principii” to “Erotemi”. An Organic Interpretation, in Baldassarri Mario (ed.), Maffeo Pantaleoni: at the origin of the italian school of economics and finance, Macmillan, London, 1997, pp.97-153. Bellanca, Nicolò (1995b), “Sui Principii di Pantaleoni. Dal calcolo edonistico alla teoria dell’imputazione”, Economia politica, XII(3), pp.371-398. Bellanca, Nicolò & Nicola Giocoli (1998), Maffeo Pantaleoni, il Principe degli economisti italiani, Edizioni Polistampa, Firenze. Brock, William A. (1983). “Contestable markets and the theory of industry structure: a review article“, Journal of Political Economy, 91(6), pp.1055–1066. Buchanan, James M., Robert D. Tollison & Gordon Tullock (1980), edited by, Toward a Theory of the Rent-seeking Society, Texas A&M University Press, College Station. Cederman, Lars-Erik, Kristian S. Gleditsch & Halvard Buhaug (2013), Inequality, Grievances, and Civil War, Cambridge University Press, Cambridge. Fleurbaey, Mark (2009), “Beyond GDP: the quest for a measure of social welfare”, Journal of economic literature, 47(4), pp.1029-75. Hare, Richard M. (1963), Freedom and Reason, Oxford University Press, Oxford. North, Douglass C., John Joseph Wallis & Barry R. Weingast (2009), Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History, Cambridge University Press, Cambridge. Olson, Mancur (1982), The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities, Yale University Press, New Haven. Pantaleoni, Maffeo (1897), “Del carattere delle divergenze d’opinione esistenti tra economisti”, in Id., Eròtemi di economia, 2 voll., Laterza, Bari, 1925, I, pp.157-187. Pantaleoni, Maffeo (1898), “An attempt to analyse the concepts of ‘strong and weak’ in their economic connection”; versione italiana in Id., Eròtemi di economia, 2 voll., Laterza, Bari, 1925, I, pp.329-360. Pantaleoni, Maffeo (1898b), "Esame critico dei principii teorici della cooperazione", in Id., Eròtemi di economia, 2 voll., Laterza, Bari, 1925, II. Pantaleoni Maffeo (1901), “Nota sui caratteri delle posizioni iniziali e sull’influenza che le posizioni iniziali esercitano sulle terminali”, in Id. Eròtemi di economia, 2 voll., Laterza, Bari, 1925, II, pp.49-73. Pantaleoni, Maffeo (1909), "Di alcuni fenomeni di dinamica economica", in Id., Eròtemi di economia, 2 voll., Laterza, Bari, 1925, II, pp.75-127. Pantaleoni, Maffeo (1911), “Considerazioni sulle proprietà di un sistema di prezzi politici”, in Id., La fine provvisoria di un’epopea, Laterza, Bari, 1919, pp.1-53. Pantaleoni, Maffeo (1913), "L'atto economico", in Id., Eròtemi di economia, 2 voll., Laterza, Bari, 1925, I, pp.67-155. Pantaleoni, Maffeo (1917), Note in margine alla guerra, Laterza, Bari. Pantaleoni, Maffeo (1918), Politica. Criteri ed eventi, Laterza, Bari. Pantaleoni, Maffeo (1919), “Lettera a Giovanni Preziosi, ottobre”; in Giovanni Preziosi, a cura di, “Il caos del dopo-guerra. Altre dieci lettere inedite di Maffeo Pantaleoni”, La vita italiana, febbraio 1930. Schumpeter, Joseph A. (1942), Capitalism, socialism and democracy (2nd ed.), Impact Books, Floyd, Virginia. Stewart, Frances (2002), “Horizontal inequalities: A neglected dimension of development”, Queen Elizabeth House Working Paper Series, University of Oxford. Stewart, Frances (2008), “Horizontal Inequalities and Conflict: An Introduction and Some Hypotheses”, In Horizontal Inequalities and Conflict: Understanding Group Violence in Multiethnic Societies, edited by Frances Stewart, Palgrave Macmillan, London. Tilly, Charles (1999), Durable Inequality, University of California Press, Berkeley and Los Angeles, CA. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/121860 |
Available Versions of this Item
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Prezzi politici e ostacoli istituzionali in Maffeo Pantaleoni. (deposited 10 Apr 2024 06:21)
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Prezzi politici e ostacoli istituzionali in Maffeo Pantaleoni. (deposited 30 Aug 2024 12:15)
- Prezzi politici e ostacoli istituzionali in Maffeo Pantaleoni. (deposited 01 Sep 2024 16:07) [Currently Displayed]
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Prezzi politici e ostacoli istituzionali in Maffeo Pantaleoni. (deposited 30 Aug 2024 12:15)