Template-Type: ReDIF-Article 1.0
Author-Name: Massimo Di Matteo 
Author-Email:
Author-Workplace-Name: University of Siena - Department of International and Political Sciences
Title: Unproductive Capital and the Long Run Tendency in the Distribution of Income and Wealth: an Early Analysis by Supino
Abstract: The paper concerns the work by Supino (1860-1931) on capitalism development and evolution with a
particular emphasis on his La borsa e il capitale improduttivo published in 1898. There are four parts.
First a sketch of Supino’s interpretation of the crises is offered. Then the concept of unproductive
capital is introduced and its roots in the classical analysis are stressed. After a discussion of the different
forms which unproductive capital can assume in the financial sector, its effects on the distribution
and production of income and wealth are described noting the originality of the analysis. Finally a
connection with the present debate on long term distribution of income and wealth is presented
which warrants the present interest in Supino’s early analysis
Classification-JEL: B12, B14, B15; E25, E44
Keywords: Unproductive capital; financial capital; wealth and income distribution 
Journal: Il Pensiero Economico Italiano
Pages: 91-104 
Volume: 24
Issue: 2
Year: 2016
File-URL: http://www.libraweb.net/articoli.php?chiave=201606302&rivista=63
Handle: RePEc:pei:journl:v:24:y:2016:2:7:p:91-104