Enrico Barone

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Enrico Barone (b. December 22, 1859, Naples, Italy, d. May 14, 1924, Rome) was an Italian economist. He studied the classics and mathematics. He became an army officer early on. He taught military history from 1894 to 1902 before resigning his commission in 1906. From 1894 he collaborated with Maffeo Pantaleoni and Vilfredo Pareto on the Giornale degli Economisti.

Among Barone's accomplishments as an economist are these. He demonstrated the production-efficiency properties of perfect competition under different assumptions and the relevance of those properties to collectivist planning (F. Caffé, 1987). This, despite his being out of sympathy with Socialism. His mathematical analysis of a theoretical socialist economy in the early 20th century fueled analysis of the economic calculation problem in the 1930s. He pioneered the economic theory of index numbers. All this was without mention of utility or even indifference curves. He expanded on Pareto efficiency, deducing that not all losers could be compensated for deviations from conditions of perfect competition. His method and analyis anticipated Abram Bergson's social welfare function. He extended conditions of general equilibrium in Walrasian theory and suggested the feasibility of trial-and-error movement to market equilibrium.(Samuelson, 1947, pp.213-18)

[edit] Major Works

  • 1895, "Sopra un Libro del Wicksell", Giornale degli Economisti
  • 1896, "Studie sulla Distribuzione", Giornale degli Economisti
  • 1908, "Il Ministro della Produzione nello Stato Collettivista", Giornale degli Economisti, first translated and reprinted as "The Ministry of Production in the Collectivist State," F.A. Hayek, ed., 1935, Collectivist Economic Planning, pp. 245-90
  • 1912, "Studi di economia finanziaria", Giornale degli Economisti
  • 1937, Le Opera Economiche

[edit] References

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