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Maffeo Pantaleoni (;
Frascati Frascati () is a city and ''comune'' in the Metropolitan City of Rome Capital in the Lazio region of central Italy. It is located south-east of Rome, on the Alban Hills close to the ancient city of Tusculum. Frascati is closely associated wit ...
, 2 July 1857
Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city has ...
, 29 October 1924) was an
Italian Italian(s) may refer to: * Anything of, from, or related to the people of Italy over the centuries ** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance language *** Regional It ...
economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...
. At first he was a notable proponent of
neoclassical economics Neoclassical economics is an approach to economics in which the production, consumption and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According to this line of thought, the value of a good ...
. Later in his life, before and during World War I, he became an ardent
nationalist Nationalism is an idea and movement that holds that the nation should be congruent with the State (polity), state. As a movement, nationalism tends to promote the interests of a particular nation (as in a in-group and out-group, group of peo ...
and syndicalist, with close ties to the
Fascist Fascism is a far-right, Authoritarianism, authoritarian, ultranationalism, ultra-nationalist political Political ideology, ideology and Political movement, movement,: "extreme militaristic nationalism, contempt for electoral democracy and pol ...
movement. He was Minister of Finance in the Carnaro government of Gabriele D'Annunzio at
Fiume Rijeka ( , , ; also known as Fiume hu, Fiume, it, Fiume ; local Chakavian: ''Reka''; german: Sankt Veit am Flaum; sl, Reka) is the principal seaport and the third-largest city in Croatia (after Zagreb and Split). It is located in Primorj ...
, which lasted for fifteen months between 1919 and 1920. Shortly before his death, he was elected to the
Italian Senate The Senate of the Republic ( it, Senato della Repubblica), or simply the Senate ( it, Senato), is the upper house of the bicameral Italian Parliament (the other being the Chamber of Deputies). The two houses together form a perfect bicameral s ...
.


Work

Pantaleoni was a major contributor to the Italian school of economics known as 'La Scienza delle Finanze'. His book ''Teoria della Traslazione dei Tributi'' (theory of tax shifting) is a pioneering study of
tax incidence In economics, tax incidence or tax burden is the effect of a particular tax on the distribution of economic welfare. Economists distinguish between the entities who ultimately bear the tax burden and those on whom tax is initially imposed. The t ...
. According to
Nobel prize The Nobel Prizes ( ; sv, Nobelpriset ; no, Nobelprisen ) are five separate prizes that, according to Alfred Nobel's will of 1895, are awarded to "those who, during the preceding year, have conferred the greatest benefit to humankind." Alfr ...
winner
James M. Buchanan James McGill Buchanan Jr. (; October 3, 1919 – January 9, 2013) was an American economist known for his work on public choice theory originally outlined in his most famous work co-authored with Gordon Tullock in 1962, '' The Calculus of Cons ...
, Pantaleoni and his followers (such as Antonio De Viti De Marco and
Vilfredo Pareto Vilfredo Federico Damaso Pareto ( , , , ; born Wilfried Fritz Pareto; 15 July 1848 – 19 August 1923) was an Italian polymath (civil engineer, sociologist, economist, political scientist, and philosopher). He made several important contribut ...
) can be considered the intellectual forefathers of the modern
public choice theory Public choice, or public choice theory, is "the use of economic tools to deal with traditional problems of political science".Gordon Tullock, 9872008, "public choice," ''The New Palgrave Dictionary of Economics''. . Its content includes the st ...
.


Family

Maffeo's great grandniece is American actress
Téa Leoni Téa Leoni (; born Elizabeth Téa Pantaleoni; February 25, 1966) is an American actress. In her early career, she starred in the television sitcoms '' Flying Blind'' (1992–93) and '' The Naked Truth'' (1995–98). Her breakthrough role was in ...
.


Bibliography (selection)

* ''Teoria della traslazione dei tributi'', 1882. * ''Contributions to the Theory of the Distribution of Public Expenditure'', 1883. * ''Dell'ammontare probabile della ricchezza privata in Italia'', 1884. * ''Pure Economics'', 1889. . * ''A proposito di Luigi Cossa e della sua "Histoire des Doctrines économiques"'', 1898, GdE. * ''Dei criteri che devono informare la storia delle dottrine economiche'', 1898, GdE. * ''An attempt to analyze the concepts of "Strong" and "Weak" in their economic connexion'', 1898, EJ. * ''Una visione cinematografica del progresso della scienza economica, 1870–1907'', 1907, GdE. * ''Note in Margine della Guerra'', 1917. * ''Politica'', 1918. * ''Erotemi di Economica'', 1925.


References


External links


Maffeo Pantaleoni at the New School
1857 births 1924 deaths People from Frascati Italian politicians Historians of economic thought 19th-century Italian economists 20th-century Italian economists 19th-century Italian male writers 20th-century Italian male writers Writers from Lazio Giornale degli economisti e annali di economia editors {{Italy-politician-stub