Alberto Alesina, one of the best-known Italian economists, died at 63


Born in Broni, in the province of Pavia, on April 29, 1957, Alesina was a professor of economics at Harvard University, where he also headed the economic department from 2003 to 2006; visiting professor at Bocconi University in Milan (where he graduated in 1981), he also collaborated with, the online magazine led by Tito Boeri.

Supporter of an expansive austerity to face the periods of emergency and in support of growth that focuses more on selective spending cuts than on tax increases, has indicated the way to follow more in the great reforms and liberalizations rather than with the priority appeal to the investment for major works. During the sovereign debt crisis he had first criticized the European management of Greece, explaining how austerity with cuts in spending is better than that achieved with an increase in taxes because it costs less in terms of recession.

Subsequently he had expressed doubts about the “infatuation” that there is in Italy for great works, he said “disproportionate” considering the cost-benefit ratio.

During the spread crisis in Italy, together with the economist and friend Francesco Giavazzi, he had drawn up a decalogue to support the economy, by unlocking the labor market with the introduction of single contracts, replacing the layoffs with temporary unemployment benefits. , greater freedom for entrepreneurs and workers to make, if they agree, company-wide choices.

Many messages of condolence at the news of his death. “I remember Alberto Alesina. His studies and ideas have enriched our economic debate”, tweeted the European Commissioner for Economy Paolo Gentiloni. For the Deputy Minister for Economy Laura Castelli, “his contribution, even today that we are called to build Italy and post-Covid Europe, would have been extremely important”. The ABI, with the president Antonio Patuelli and the general manager Giovanni Sabatini, instead recalled the “clear and far-sighted economic scientist who, in particular with Francesco Giavazzi, illuminated the debate in these complex years”.

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