The Crisis of the Prato Industrial District in the Works of Edoardo Nesi: a Blend of Nostalgia and Self-complacency

Stefano Adamo ()

ICER Working Papers from ICER - International Centre for Economic Research

Abstract: In 2011, Edoardo Nesi - a former industrialist of the Prato textile district - won the most prestigious Italian literary Prize for his autobiographical novel Storia della mia gente, a book centered upon Prato's past industrial success and present decline. Nesi has since become a regular contributor to the Corriere della Sera, and with his latest book, Le nostre vite senza ieri, he has further emphasized his role as a public intellectual. In Nesi's view, Italy's participation in the global economy has exposed Italian manufacturers to a level of competition that they were not ready to meet. Such disadvantage, Nesi contends, was exacerbated by the adoption of the euro, which put an end to the former practice of using monetary policy to offset trade deficits. As a result, many firms lost market shares, and the Prato textile district ended up being largely taken over by Chinese businesses. This paper criticizes Nesi's account of the Italian industrial decline. In particular, it argues that his sympathetic view of the former political-industrial system is mostly an expression of self-complacency and does not positively contribute to the current debates on the Italian economic crisis.

Keywords: Literature and Economics; Italian Industrial Crisis; Euro-cultural Perspectives; Chinese Immigration in Italy (search for similar items in EconPapers)
JEL-codes: P19 Z19 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2014-12
New Economics Papers: this item is included in nep-his
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