Barone studied the classics and mathematics before becoming an army officer. He taught military history for eight years from 1894 at the Officers' Training School.[where?] There he wrote a series of influential historical military works. In these he employed a method of successive approximations to which his study in economics had introduced him. In 1902, he became head of the historical office of the General Staff. He resigned his commission in 1906.
Barone has been described as a "founder of the pure theory of a socialist economy."[1] In 1908, he presented a mathematical model for a socialist economy under which certain relations, later identified with shadow prices, must be satisfied for "maximum collective welfare."[5] The latter corresponds to least-cost-price of production from Pareto efficiency reached in competitive equilibrium. He stressed that such a result could not be arrived at a priori but only by experimentation on a large scale with great demands on data collection, even assuming unchanging productive conditions. In this, he suggested that movement toward economic efficiency in a socialist economy was not inconceivable, outlining two types of socialism: a centralized and decentralized model. For such regimes, whatever the distribution rule for output and income adopted by the Ministry of Production, the same economic categories would reappear for prices, salaries, interest, rent, profits, saving, etc., though perhaps with different names. His analysis and the Austrian School economists' responses, fueled discussion of the economic calculation problem and market socialism in the 1930s.[1] His method also anticipated Abram Bergson's seminal formulation of a social welfare function three decades later.[4]
^Michael McLure, 2006. "The 'Pareto School' and the Giornale Degli Economisiti," HETSA Conference, History of Economic Thought Society of Australia, 4–7 July.
^William D. Nordhaus, 1992. "The Ecology of Markets," Proceedings of the National Academy of Sciences of the United States of America, 89(3), Feb. 1, p. 845. [Pp. 843–850. 2007-07-20 at the Wayback Machine
^• Enrico Barone, 1908."Il Ministro della Produzione nello Stato Collettivista", Giornale degli Economisti, Sept./Oct., 2, pp. 267–93, 392–414, trans. as "The Ministry of Production in the Collectivist State," in F. A. Hayek, ed. (1935), Collectivist Economic Planning, pp. 245–90, reprinted in R. Marchionatti, ed. (2004), Early Mathematical Economics, 1871–1915: The Establishment of the Mathematical Method in Economics, v. IV, Taylor & Francis, pp. 227–63 (bigger preview). • Enrico Barone, Il ministro della produzione nello stato collettivista (1908) Passages from the Italian original text.
ReferencesEdit
Richard E. Ericson, "Enrico Barone,", Gale Encyclopedia of Russian History
Enrico Barone, 1859–1924, at The History of Economic Thought Website.
October 16, 2023
enrico, barone, italian, baˈroːne, december, 1859, naples, kingdom, sicilies, 1924, rome, italy, soldier, military, historian, economist, contents, biography, impact, notes, referencesbiography, editbarone, studied, classics, mathematics, before, becoming, arm. Enrico Barone Italian baˈroːne 22 December 1859 Naples Kingdom of the Two Sicilies 14 May 1924 Rome Italy was a soldier military historian and an economist Enrico Barone Contents 1 Biography 2 Impact 3 Notes 4 ReferencesBiography EditBarone studied the classics and mathematics before becoming an army officer He taught military history for eight years from 1894 at the Officers Training School where There he wrote a series of influential historical military works In these he employed a method of successive approximations to which his study in economics had introduced him In 1902 he became head of the historical office of the General Staff He resigned his commission in 1906 From 1894 he collaborated with Maffeo Pantaleoni and Vilfredo Pareto in the Giornale degli Economisti 1 2 Impact EditHe was the first to state conditions under which a competitive market would be Pareto efficient 3 He introduced variable factor proportions into neoclassical economics contributing to the marginal productivity theory of factor income distribution He extended conditions of general equilibrium in Walrasian theory suggesting the feasibility of trial and error movement to market equilibrium He pioneered the economic theory of index numbers His contributions were made without use of utility or even indifference curves 4 nbsp Principi di economia finanziaria 1937Barone has been described as a founder of the pure theory of a socialist economy 1 In 1908 he presented a mathematical model for a socialist economy under which certain relations later identified with shadow prices must be satisfied for maximum collective welfare 5 The latter corresponds to least cost price of production from Pareto efficiency reached in competitive equilibrium He stressed that such a result could not be arrived at a priori but only by experimentation on a large scale with great demands on data collection even assuming unchanging productive conditions In this he suggested that movement toward economic efficiency in a socialist economy was not inconceivable outlining two types of socialism a centralized and decentralized model For such regimes whatever the distribution rule for output and income adopted by the Ministry of Production the same economic categories would reappear for prices salaries interest rent profits saving etc though perhaps with different names His analysis and the Austrian School economists responses fueled discussion of the economic calculation problem and market socialism in the 1930s 1 His method also anticipated Abram Bergson s seminal formulation of a social welfare function three decades later 4 Notes Edit a b c F Caffe 1987 2008 Barone Enrico The New Palgrave Dictionary of Economics 2nd Edition Related links Michael McLure 2006 The Pareto School and the Giornale Degli Economisiti HETSA Conference History of Economic Thought Society of Australia 4 7 July William D Nordhaus 1992 The Ecology of Markets Proceedings of the National Academy of Sciences of the United States of America 89 3 Feb 1 p 845 Pp 843 850 Archived 2007 07 20 at the Wayback Machine a b Paul A Samuelson 1947 Enlarged ed 1983 Foundations of Economic Analysis pp 213 18 Enrico Barone 1908 Il Ministro della Produzione nello Stato Collettivista Giornale degli Economisti Sept Oct 2 pp 267 93 392 414 trans as The Ministry of Production in the Collectivist State in F A Hayek ed 1935 Collectivist Economic Planning pp 245 90 reprinted in R Marchionatti ed 2004 Early Mathematical Economics 1871 1915 The Establishment of the Mathematical Method in Economics v IV Taylor amp Francis pp 227 63 bigger preview Enrico Barone Il ministro della produzione nello stato collettivista 1908 Passages from the Italian original text References EditRichard E Ericson Enrico Barone Gale Encyclopedia of Russian History Enrico Barone 1859 1924 at The History of Economic Thought Website Retrieved from https en wikipedia org w index php title Enrico Barone amp oldid 1156105174, wikipedia, wiki, book, books, library,
