Crisi economiche e distribuzione del reddito nel pensiero di Achille Loria (Economic crises and income distribution in Achille Loria's thought)

Guglielmo Forges Davanzati
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Guglielmo Forges Davanzati: Università del Salento - Dipartimento di Filosofia e Scienze Sociali

Il Pensiero Economico Italiano, 2007, vol. 15, issue 1, 59-77

Abstract: The aim of this paper is to provide a reconstruction of Achille Loria’s thought on economic crises and income distribution. It will be shown that, in the event of high levels of employment, capitalists tend to react by reducing the wages fund via the increase in the consumption of ‘luxury goods’. This determines a reduction of the unitary wage, until the minimum socially acceptable is reached, and a drop in employment and production. The re-reading of Loria’s thought presented here is conceived in the light of the similarities between his analysis and the ‘institutionalist’ theoretical framework.

Keywords: Achille Loria; crisi economiche; distribuzione del reddito; disoccupazione (Achille Loria; economic crises; income distribution; unemployment) (search for similar items in EconPapers)
JEL-codes: B15 E21 E32 J64 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pei:journl:v:15:y:2007:1:3:p:59-77

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