Unproductive Capital and the Long Run Tendency in the Distribution of Income and Wealth: an Early Analysis by Supino

Massimo Di Matteo
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Massimo Di Matteo: University of Siena - Department of International and Political Sciences

Il Pensiero Economico Italiano, 2016, vol. 24, issue 2, 91-104

Abstract: The paper concerns the work by Supino (1860-1931) on capitalism development and evolution with a particular emphasis on his La borsa e il capitale improduttivo published in 1898. There are four parts. First a sketch of Supino’s interpretation of the crises is offered. Then the concept of unproductive capital is introduced and its roots in the classical analysis are stressed. After a discussion of the different forms which unproductive capital can assume in the financial sector, its effects on the distribution and production of income and wealth are described noting the originality of the analysis. Finally a connection with the present debate on long term distribution of income and wealth is presented which warrants the present interest in Supino’s early analysis

Keywords: Unproductive capital; financial capital; wealth and income distribution (search for similar items in EconPapers)
JEL-codes: B12 B14 B15 E25 E44 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pei:journl:v:24:y:2016:2:7:p:91-104

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