Great Economists Since Petty and Boisguilbert
Edited by Gilbert Faccarello and Heinz D. Kurz
Chapter 54: Antonio De Viti de Marco (1858–1943)
Antonio De Viti de Marco was born in Lecce on 30 September 1858, the son of Raffaele De Viti who, having been adopted by his godmother, the Marquise Costanza De Marco, inherited the title and added de Marco to his family name. He graduated in law at the University of Rome in 1881, and immediately began his academic career. He first lectured at the University of Naples, and then taught Political Economy at the Universities of Camerino and Macerata, and, finally, Public Finance in Pavia. In 1887–88, he obtained a Chair of Public Finance at the University of Rome, which he held until 1931, when he retired at the age of 73, refusing to take the oath of allegiance to the Fascist government. He was responsible for the spread of marginalism in Italy for his role as co-owner and co-director of the Giornale degli economisti. From the beginning, he worked as an intense and passionate writer and publisher in order to promote liberalism. In the years 1901–22, as a member of the Italian Parliament, he struggled to achieve his dream of reshaping Italian political institutions towards a liberal democracy. With the advent of the Fascist regime, he retired from politics and returned to his scientific work. He died in Rome on 1 December 1943. The first scientific interest of De Viti concerned money and banking, and lasted throughout his life. In fact, his first theoretical book on the topic is an essay on money (De Viti 1885), followed...
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