Luigi Einaudi

LUCA EINAUDI is Senior Economist in the Department of Economic Affairs at the Prime Minister's Office, Italy. His work focuses on economic and monetary history and immigration policies. He pursued his research at Princeton, Institut de Sciences Politiques, Paris and the Centre for History and Economics, Cambridge. Among his publications are Money and Politics, European Monetary Unification and the Gold Standard (1865-73).RICCARDO FAUCCI is Professor of History of Economic Thought at the University of Pisa, Italy. A specialist on Italian economics, he is the author of Luigi Einaudi's biography, and of L'economia politica in Italia: Dal Cinquecento ai nostri giorni. In English, he has published Socialism and Marginalism in Italy in Socialism and Marginalism in Economics, edited by I. Steedman with S. Perri; and From Corporative 'Programmed Economy' to Post-war Planning: Some Notes on the Debate among Italian Economists in Money, Credit and the Role of the State: Essays in Honour of A. Graziani edited by R. Arena and N. Salvadori.ROBERTO MARCHIONATTI is Professor of Economics at the University of Turin, Italy. He is Director of the Research Centre on History and Methodology of Economics Claudio Napoleoni and Coordinator of the Ph.D. Program in Economics of Complexity and Creativity. He is the editor of From Our Italian Correspondent: Luigi Einaudi's Articles in the Economist, 1908-1946, Karl Marx: CriticalResponses and Early Mathematical Economics, 1871-1915.

'...the editors have compiled an excellent collection: Selected Economic Essays is a recommended book, not only for historians interested in Italian economic thought, but for historians interested in reading the work of a master essayist in pursuit of economic knowledge.' - Michael McLure, History of Economic Ideas

• Acknowledgements Editors' Introduction Know before Legislation PART I: POLITICAL AND ECONOMIC LIBERALISM Lectures on the Market The Beauty of the Struggle Economic Liberalism and Political Liberalism The End of 'Laissez-faire' PART II: MONEY AND BANKING On other Pseudo-commercial and Pseudo-bank Containers Banks with Adjectives Debts My Plan is not Keynes's The Concluding Remarks of the Governor of the Bank of Italy for the Year 1946 The Theory of Imaginary Money from Charlemagne to the French Revolution Noise PART III: PUBLIC FINANCE Contribution to the Quest for an 'Optimal Tax' On the Source of Saving and the Taxation of Normal Income as an Approximation of the Exclusion of Income from the Tax Base The Optimal Tax as a Neutral Tax, in the Physiocrats, in Smith and the Italian Catastiti of the Eighteenth-Century PART IV: EUROPEAN ECONOMIC INTEGRATION Why we Need a European Economic Federation The Economic Tasks of the European Federation The Instruments of the Federal Administration Notes Chronology of the Life and Works of Luigi Einaudi in the Context of His Time Index of Names