The Elgar Companion to Law and Economics
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The Elgar Companion to Law and Economics

Edited by Jürgen G. Backhaus

This authoritative and comprehensive reference work introduces the reader to the major concepts and leading contributors in the field of law and economics. The Companion features accessible, informative and provocative entries on all the significant areas and breaks new ground by bringing together widely dispersed but theoretically congruent ideas for the first time.
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Chapter 35: Achille Loria (1857-1943)

Giampaolo Frezza and Francesco Parisi


Giampaolo Frezza and Francesco Parisi Introduction Achille Loria was born in Mantua (Italy) in 1857 and died on 6 November 1943 in Luserna, Turin. In a posthumous note by the Italian economist August0 Graziani, the Commemorazione del Socio Achille Loria (Commemoration of the Fellow Achille Loria), published in 1949 by the National Academy of the Lincei, Achille Loria is described as a ‘Sovereign of Science’, whose entire life was dedicated to effective and tireless investigation of truth, a search which continued throughout his old age. He never touched any problem without deeply probing it. His wide knowledge of fact and theory is truly comparable to John Stuart Mill’s, especially for the power, ingenuity, receptive spirit and acceptance of new truths, including those from other disciplines, and from the confutation of mistake and renewed sophism in the social sciences. Achille Loria started generating his scientific work at the age of twenty-two with a monograph that captured the attention of Italian and foreign academics for its vast critical references, originality of thought, and depth of examination. This was La Rendita fondiaria e la sua elisione naturale (Income from Property and its Natural Annulment) Milan: Hoelpi, 1880. His ample scientific work is concentrated in the following research areas: Economic studies Loria’s economic studies are remarkable in the Analisi della proprietci capitalista (Analysis of Capitalist Property), Turin, 1899; Le leggi di popolazione e il sistema sociale (The Laws of Population and the Social System), Siena, 1882; Carlo Darwin e l’economia politica (Charles Darwin and...

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