Template-Type: ReDIF-Article 1.0
Author-Name: Guglielmo Forges Davanzati
Author-Email:
Author-Workplace-Name: Università del Salento - Dipartimento di Filosofia e Scienze Sociali
Title: Crisi economiche e distribuzione del reddito nel pensiero di Achille Loria 
(Economic crises and income distribution in Achille Loria's thought)
Abstract: The aim of this paper is to provide a reconstruction of Achille Loria’s thought on economic crises and
income distribution. It will be shown that, in the event of high levels of employment, capitalists tend
to react by reducing the wages fund via the increase in the consumption of ‘luxury goods’. This determines
a reduction of the unitary wage, until the minimum socially acceptable is reached, and a
drop in employment and production. The re-reading of Loria’s thought presented here is conceived
in the light of the similarities between his analysis and the ‘institutionalist’ theoretical framework.
Classification-JEL: B15; E21; J64; E32
Keywords: Achille Loria; crisi economiche; distribuzione del reddito; disoccupazione 
(Achille Loria; economic crises; income distribution; unemployment)
Journal: Il Pensiero Economico Italiano
Pages: 59-77
Volume: 15
Issue: 1
Year: 2007
File-URL: http://www.libraweb.net/articoli.php?chiave=200706301&rivista=63
Handle: RePEc:pei:journl:v:15:y:2007:1:3:p:59-77