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Gustavo Del Vecchio

Gustavo Del Vecchio (22 June 1883 – 6 September 1972) was an Italian economist, minister, and academic.

Gustavo Del Vecchio
5th Italian Minister of Treasury
In office
6 June 1947 – 24 May 1948
Preceded byLuigi Einaudi
Succeeded byGiuseppe Pella
Personal details
Born22 June 1883
Lugo, Emilia-Romagna
Died6 September 1972(1972-09-06) (aged 89)

Early life edit

Gustavo Del Vecchio was born in Lugo on 22 June 1883 in the Kingdom of Italy. His family were members of the Jewish community of Lugo.[1]

On 21 June 1887, when Del Vecchio was three years old, his father, Cesare, was murdered by another employee at his company.[2] His mother, Beatrice Cavalieri, decided to move to Bologna with her children. Gustavo attended school there from primary to high school.[3]

Career edit

In 1900, he enrolled in the Faculty of Law in Rome's Sapienze University. One of his first teachers was Arturo Labriola, a professor of philosophy and history. The next year, Del Vecchio came back to Bologna where he continued his law studies at the University of Bologna. One of the people he studied with was economist Tullio Martello, who is well known for his participation in the Expedition of the Thousand. In 1904, at 21 years old, Del Vecchio graduated with a thesis on monopolies. He went on to complete his studies in England and the Humboldt University of Berlin.[3][4]

Del Vecchio served as a volunteer during the First World War. After the war ended, he took up teaching economics at the Higher Institute of Economics and Business in Trieste from 1920 to 1926, moved on to the University of Bologna in 1926 and then at Bocconi University of Milan in 1930.[3]

Gustavo Del Vecchio issued several publications on his research. In 1909, he began working for an academic journal named Giornale degli economisti e Annali di economia. His research on money and credit was published as Ricerche sopra la teoria generale della moneta (1932). He was one of the contributors of the Fascist political and finance magazine Lo Stato from 1930[5] and served as editors for Econometrica, Economia, Beiträge zur Ökonomischen Theorie, Economia Internazionale, and Rivista bancaria.[3][4]

Up until 1933, he managed to avoid joining the Italian Fascist Party, which made membership mandatory for Italian professors. In 1934, he became rector for Bocconi University.

On 18 September 1938 the Fascist regime of Benito Mussolini proclaimed the racial laws. Del Vecchio, who was Jewish, was promptly kicked out of his offices. Forced to abandon teaching, he immigrated in 1943 to Switzerland. He remained there until the fall of Italy in 1945 when he returned to his office in Bologna.[3]

After the Second World War, Gustavo Del Vecchio became involved in government decisions, primarily on economic matters. He served as advisor to Meuccio Ruini, a Minister of Reconstruction of Liberated lands under the Parri cabinet (June–December 1945). He opposed the concept of a global wealth tax. In 1947, he assumed title of Minister of the Treasury for De Gasperi's fourth cabinet (31 May 1947 - 23 May 1948). He was the interim Minister of Budget after Luigi Einaudi was elected president. Del Vecchio worked to stabilize the lira and halt inflation, and in August 1947, he became president of the Interministerial Committee on Credit and Savings.[3][2]

In 1948, he received the chairs of finance and financial law from La Sapienza in Rome, which he occupied until 1958. From 1948 to 1950, he held the post of a governor of the International Monetary Fund, and from 1958, he was a member of the National Council for the Economy and Labour.[3]

Gustavo Del Vecchio died in Rome on 6 September 1972, at the age of 89.[3]

Notable pupils edit

Publications edit

  • (it) Lineamenti generali della teoria dell'interesse, Rome, Athenaeum, 1915.
  • (de) Grundlinien der Geldtheorie, Tübingen, Mohr, 1930.
  • (it) Capitale e interesse, Turin, Einaudi, 1956.
  • (it) Economia generale, Turin, UTET, 1961.

References edit

  1. ^ "Bocconi Events - Jewish Scholars at Bocconi and Jewish-Milanese Entrepreneurs". www.unibocconi.eu. Retrieved 2022-01-11.
  2. ^ a b Sante Medri, Gustavo Del Vecchio. Dalla vicenda umana alla Scienza economica, in « Studi Romagnoli », Anno LVII, 2006, p. 283-307.
  3. ^ a b c d e f g h Denis Giva (1990). "Del Vecchio, Gustavo in "Dizionario Biografico"". treccani.it (in Italian). Retrieved 23 June 2021..
  4. ^ a b "Gustavo Del Vecchio". Biografie e bibliografie degli Accademici Lincei (in Italian). 1976. p. 873. {{cite book}}: |work= ignored (help)
  5. ^ Francesca Dal Degan; Fabrizio Simon (2019). ""Generalist" Journals between Dissemination of Economics and Regime Propaganda". In Massimo M. Augello; Marco E.L. Guidi; Fabrizio Bientinesi (eds.). An Institutional History of Italian Economics in the Interwar Period — Volume I. Palgrave Studies in the History of Economic Thought. Vol. 1. Cham, Switzerland: Palgrave Macmillan. pp. 146–147. doi:10.1007/978-3-030-32980-8_6. ISBN 978-3-030-32980-8.

Bibliography edit

  • Federico Caffè, Antologia di scritti di Gustavo del Vecchio nel centenario della nascita, Milan, Franco Angeli, 1983. (in Italian)
  • Gustavo Del Vecchio in AA. VV., Biografie e bibliografie degli Accademici Lincei, Rome, Acc. dei Lincei, 1976, p. 873–875. (in Italian)
  • Gianfranco Tusset, Money as Organization, Gustavo Del Vecchio's Theory, Londres, Pickering & Chatto, 2014.
  • Alberto Zanni, Gustavo Del Vecchio, Teoria e storia di un mediatore di cultura in « Revue Internationale d'Histoire de la Banque », nn. 26–27, 1983, p. 169-219. (in Italian)

External links edit

gustavo, vecchio, june, 1883, september, 1972, italian, economist, minister, academic, italian, minister, treasuryin, office, june, 1947, 1948preceded, byluigi, einaudisucceeded, bygiuseppe, pellapersonal, detailsborn22, june, 1883lugo, emilia, romagnadied6, s. Gustavo Del Vecchio 22 June 1883 6 September 1972 was an Italian economist minister and academic Gustavo Del Vecchio5th Italian Minister of TreasuryIn office 6 June 1947 24 May 1948Preceded byLuigi EinaudiSucceeded byGiuseppe PellaPersonal detailsBorn22 June 1883Lugo Emilia RomagnaDied6 September 1972 1972 09 06 aged 89 Contents 1 Early life 2 Career 3 Notable pupils 4 Publications 5 References 5 1 Bibliography 5 2 External linksEarly life editGustavo Del Vecchio was born in Lugo on 22 June 1883 in the Kingdom of Italy His family were members of the Jewish community of Lugo 1 On 21 June 1887 when Del Vecchio was three years old his father Cesare was murdered by another employee at his company 2 His mother Beatrice Cavalieri decided to move to Bologna with her children Gustavo attended school there from primary to high school 3 Career editIn 1900 he enrolled in the Faculty of Law in Rome s Sapienze University One of his first teachers was Arturo Labriola a professor of philosophy and history The next year Del Vecchio came back to Bologna where he continued his law studies at the University of Bologna One of the people he studied with was economist Tullio Martello who is well known for his participation in the Expedition of the Thousand In 1904 at 21 years old Del Vecchio graduated with a thesis on monopolies He went on to complete his studies in England and the Humboldt University of Berlin 3 4 Del Vecchio served as a volunteer during the First World War After the war ended he took up teaching economics at the Higher Institute of Economics and Business in Trieste from 1920 to 1926 moved on to the University of Bologna in 1926 and then at Bocconi University of Milan in 1930 3 Gustavo Del Vecchio issued several publications on his research In 1909 he began working for an academic journal named Giornale degli economisti e Annali di economia His research on money and credit was published as Ricerche sopra la teoria generale della moneta 1932 He was one of the contributors of the Fascist political and finance magazine Lo Stato from 1930 5 and served as editors for Econometrica Economia Beitrage zur Okonomischen Theorie Economia Internazionale and Rivista bancaria 3 4 Up until 1933 he managed to avoid joining the Italian Fascist Party which made membership mandatory for Italian professors In 1934 he became rector for Bocconi University On 18 September 1938 the Fascist regime of Benito Mussolini proclaimed the racial laws Del Vecchio who was Jewish was promptly kicked out of his offices Forced to abandon teaching he immigrated in 1943 to Switzerland He remained there until the fall of Italy in 1945 when he returned to his office in Bologna 3 After the Second World War Gustavo Del Vecchio became involved in government decisions primarily on economic matters He served as advisor to Meuccio Ruini a Minister of Reconstruction of Liberated lands under the Parri cabinet June December 1945 He opposed the concept of a global wealth tax In 1947 he assumed title of Minister of the Treasury for De Gasperi s fourth cabinet 31 May 1947 23 May 1948 He was the interim Minister of Budget after Luigi Einaudi was elected president Del Vecchio worked to stabilize the lira and halt inflation and in August 1947 he became president of the Interministerial Committee on Credit and Savings 3 2 In 1948 he received the chairs of finance and financial law from La Sapienza in Rome which he occupied until 1958 From 1948 to 1950 he held the post of a governor of the International Monetary Fund and from 1958 he was a member of the National Council for the Economy and Labour 3 Gustavo Del Vecchio died in Rome on 6 September 1972 at the age of 89 3 Notable pupils editFederico CaffePublications edit it Lineamenti generali della teoria dell interesse Rome Athenaeum 1915 de Grundlinien der Geldtheorie Tubingen Mohr 1930 it Capitale e interesse Turin Einaudi 1956 it Economia generale Turin UTET 1961 References edit Bocconi Events Jewish Scholars at Bocconi and Jewish Milanese Entrepreneurs www unibocconi eu Retrieved 2022 01 11 a b Sante Medri Gustavo Del Vecchio Dalla vicenda umana alla Scienza economica in Studi Romagnoli Anno LVII 2006 p 283 307 a b c d e f g h Denis Giva 1990 Del Vecchio Gustavo in Dizionario Biografico treccani it in Italian Retrieved 23 June 2021 a b Gustavo Del Vecchio Biografie e bibliografie degli Accademici Lincei in Italian 1976 p 873 a href Template Cite book html title Template Cite book cite book a work ignored help Francesca Dal Degan Fabrizio Simon 2019 Generalist Journals between Dissemination of Economics and Regime Propaganda In Massimo M Augello Marco E L Guidi Fabrizio Bientinesi eds An Institutional History of Italian Economics in the Interwar Period Volume I Palgrave Studies in the History of Economic Thought Vol 1 Cham Switzerland Palgrave Macmillan pp 146 147 doi 10 1007 978 3 030 32980 8 6 ISBN 978 3 030 32980 8 Bibliography edit Federico Caffe Antologia di scritti di Gustavo del Vecchio nel centenario della nascita Milan Franco Angeli 1983 in Italian Gustavo Del Vecchio in AA VV Biografie e bibliografie degli Accademici Lincei Rome Acc dei Lincei 1976 p 873 875 in Italian Gianfranco Tusset Money as Organization Gustavo Del Vecchio s Theory Londres Pickering amp Chatto 2014 Alberto Zanni Gustavo Del Vecchio Teoria e storia di un mediatore di cultura in Revue Internationale d Histoire de la Banque nn 26 27 1983 p 169 219 in Italian External links edit Retrieved from https en wikipedia org w index php title Gustavo Del Vecchio amp oldid 1182652660, wikipedia, wiki, book, books, library,

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