Paolo Sylos Labini

Paolo Sylos Labini (30 October 1920 – 7 December 2005) was an Italian economist and political advisor in post-World War II Italy. He was a professor at the Sapienza University of Rome and member of the Accademia Nazionale dei Lincei.^[1][2] His theoretical contributions covered oligopoly, the relation between innovation and market structure, inflation, and socioeconomic evolution.^[3][4][5][6] His work often contained a strong historical dimension, in common with Classical economics.^[7][8]

Paolo Sylos Labini was born in Rome, to an Apulia family, on 30 October 1920.^[2][9] He graduated from Sapienza University of Rome in the Faculty of Law in July 1942 with a thesis on the economic consequences of innovations.^[10] His official supervisor was first Guglielmo Masci, until Masci's death in 1941, and then Giuseppe Ugo Papi. Graduating during World War II, he worked as an unpaid assistant for Alberto Breglia, a professor of political economy at Sapienza University of Rome, with whom he collaborated on several works assembled from lecture notes.^[2] He was receptive to Breglia's constant focus on development (sviluppo), which remained a central theme in his work.^[11] During this time, Sylos Labini also published on Italian economic conditions.^[12]

Sylos Labini's interest in innovation, among other factors, led him to continue his studies in the United States with Joseph Schumpeter. Encouraged by Breglia (and discouraged from staying in Italy by Papi ^[1]), he traveled to the United States in 1948 as an early participant in the Fulbright Program. He first went to Chicago, where he met Franco Modigliani, and then to Cambridge, Massachusetts, to study with Schumpeter at Harvard University.^[10] While at Harvard, he met Gaetano Salvemini and John Kenneth Galbraith.^[13] He also studied for a time in Cambridge, where he was supervised by Dennis Robertson, and became friends with Piero Sraffa, Nicholas Kaldor, Joan Robinson.

Sylos Labini qualified as a lecturer in political economy in 1953, then taught at different universities. In 1955, he became an assistant professor of political economy at the Faculty of Economics of the University of Sassari. In February 1958, he was appointed professor of economic and financial policy at the Faculty of Law. The following year, he taught political economy at the Faculty of Economics of the University of Catania. Sylos Labini moved to the University of Bologna, before returning to Sapienza University in October 1962, where he taught principles of political economy at the Faculty of Statistical, Demographic, and Actuarial Sciences until his retirement in 1995. He was appointed emeritus professor in 1997.

Paolo Sylos Labini married Maria Rosaria Azzone in 1955. They had two sons: Stefano (born 1960), a geologist at ENEA, and Francesco (born 1966), a physicist and Research Director of the Enrico Fermi Research Center.

He died on 7 December 2005 at the Clinica Villa Carla, in Rome.^[14]

Sylos Labini's main contribution came in 1956, with Oligopolio e Progresso tecnico (English edition, Oligopoly and Technical Progress, 1962).^[15] The book was published around the same time as Joe Bain's Barriers to New Competition (1956).^[16] The two works were grouped together in an article by Franco Modigliani (1958), which caused them to become accepted as part of mainstream theory on non-competitive market forms.

Sylos Labini attached great importance to the dynamic aspects of his analysis. For over sixty years, from his dissertation onwards, the theme of technical progress has been a constant presence in his work: like Smith, Labini considered it as the main element for economic development (Smith's Wealth of Nations), as a precondition, though not automatic, for civil development of society. Alongside this, the other central theme was that (Ricardian, but also present in Smith) of the distribution of income, and more generally of the living conditions of the various strata of society. This line of research was developed in Sindacati, inflazione e produttività (1972); English edition, Trade Unions, Inflation and Productivity, 1974.^[17] Wages and prices are not determined in fully competitive markets. These themes reappear in many subsequent contributions; an idea of the width and depth of Labini's analysis is provided by The Forces of Economic Growth and Decline (1984),^[18] which remains the major reference point for studying his economic thought.

Like Smith, Sylos Labini argues that economic development can foster civil development in society, while the latter is in turn a fundamental condition for sustainable economic development.

“Economists around the world, from Cambridge to Cambridge and Osaka to Omaha, admire you for a lifetime of Schumpeterian innovation, Keynesian brilliance, Ricardian rigor, and Smithian realism.” When Paul Samuelson wrote this sentence — in his message published at the opening of the volume of essays ^[19] presented to Paolo Sylos Labini on the occasion of his seventy-fifth birthday — he intended to highlight the esteem enjoyed abroad, among academic colleagues, by the Italian economist who died on December 7, 2005. In Italy, Sylos Labini was not only the acknowledged mentor of successive generations of economists; he was also a public figure respected for his moral integrity and the well-documented, concrete nature of his contributions to political debates.

Between 1966 and 1967, Sylos Labini worked on developing an econometric model of the Italian economy. His model was the first systematic econometric research on the Italian economy, and was aimed to reconcile theoretical analysis with historical changes while being gradually modified with new variables. The econometric studies intertwined with the analysis of major Italian problems of economic policy. Between 1965 and 1975, Sylos Labini published a series of works on wages, productivity, and inflation, which incorporated the results of his econometric analysis.

Sylos Labini maintained a lifelong commitment to improving conditions in Italy through political involvement. In 1949, he contributed to the Plan for the Economic and Social Reconstruction of Italy, the Labour Plan proposed by Giuseppe Di Vittorio.^[3] From 1962 to 1964, he was a member of the National Commission for Economic Planning, and later, of the Technical-Scientific Council of the Ministry of the Budget, where he worked on an econometric model of the Italian economy. He was elected a member of the Accademia Nazionale dei Lincei. In 1998, he co-signed "An economists' Manifesto on unemployment in the European Union." In his final years, he was a vocal opponent of Silvio Berlusconi.^[10][2][9]

But another fundamental contribution was made by Sylos Labini to Italian economic policy in the 1960s: from 1962 to 1964, he was a member of the National Commission for Economic Planning alongside Giorgio Fuà, Pasquale Saraceno, Beniamino Andreatta, and Siro Lombardini. With Fuà, he presented a report arguing that planning, even before being an economic issue, was an institutional problem to be addressed with the help of jurists and scholars in political and sociological disciplines. Then, between 1966 and 1967, with the Technical Scientific Committee of the Ministry of the Budget, Sylos worked on the econometric model of the Italian economy, the first systematic econometric research conducted on our system.

According to Sylos Labini, an economist is necessarily influenced by personal judgment, which determines, at a minimum, the choice of problems studied and which may also skew the outcome of the analysis. In his last book, Ahi serva Italia (2006), Sylos Labini spoke as a civic-minded economist to Italians who refuse to understand that respect for rules is an absolute requirement of a market economy. He argued that capitalism cannot function without a widespread moral sentiment that condemns the breach of rules. On this subject, Sylos Labini referred to an excerpt from Gaetano Salvemini:

Almost all of those old teachers belonged to a school of thought which today is viewed disparagingly as positivistic, enlightened, intellectualist. Their culture, and ours, was narrow, dry, and down-to-earth, inept when it came to rising to the lofty skies of intuitionism and idealism. In those times of unelevated culture, we were clearly split into believers or non-believers, the pro- or anticlerical, conservatives or revolutionaries, monarchists or republicans, individualists or socialists. White was white and black was black. White was good and black was bad. With us or against us. When we poor little empirical sparrows ended up in the clutches of the idealist eagles and were devoured, white became half-black and black half-white, good half-bad and bad half-good, the scoundrel was half a gentleman and the gentleman was half a scoundrel. Today, in Italy, the clerics are half-communists, and the communists half-clerics. The same lamps that light the Communist celebrations serve in the pilgrimages of the Blessed Virgin. It is the Tower of Babel. As for myself, I have remained anchored, or if you prefer, aground there where my teachers had first led me: an odd boulder left behind on some plain by a receding glacier. (Salvemini, 1950, p. 87)^[20]

• Oligopolio e progresso tecnico. Milano, Giuffré 1956. Second edition 1957; following editions (3rd – 6th) Torino, Einaudi, 1964, 1967, 1972 e 1975 English edition: Oligopoly and Technical Progress, Cambridge (Mass.), Harvard University Press, 1st edition 1962, 2nd ed. 1969. Several translations:in Polish 1963, in Japanese 1st ed. 1964, 2nd ed. 1970; in Spanish 1966, in Czech 1967, in Portuguese 1980.
• Economie capitalistiche ed economie pianificate. Bari, Laterza, 1960.
• Problemi dell'economia siciliana. Milano, Feltrinelli, 1966.
• Problemi dello sviluppo economico. Bari, Laterza, 1970.
• Sindacati, inflazione e produttività. Roma-Bari, Laterza, 1972.
• Saggio sulle classi sociali. Roma-Bari, Edizione Laterza, 1974.
• Lezioni di Economia, Volume I: Questioni preliminari, La macroeconomia e la teoria Keynesiana. Roma, Edizioni dell'Ateneo, 1979.
• Lezioni di Economia, Volume II: microeconomia. Roma, Edizioni dell'Ateneo, 1982.
• Il sottosviluppo e l'economia contemporanea. Roma-Bari, Laterza 1983.
• Le forze dello sviluppo e del declino. Roma-Bari, Laterza, 1984. (English translation: Forces of Economic Growth and Decline, Cambridge (Mass.), MIT Press 1984).
• Le classi sociali negli anni '80 Roma-Bari, Laterza, 1986.
• Nuove tecnologie e disoccupazione. Roma-Bari, Laterza, 1989.
• Elementi di dinamica economica. Roma-Bari, Laterza, 1992.
• Progresso tecnico e sviluppo ciclico. Roma-Bari, Laterza, 1993.
• Carlo Marx: è tempo di un bilancio (a cura di). Roma-Bari, Laterza, 1994.
• Il pensiero economico: Temi e protagonisti. Roma-Bari, Laterza, 1995. (with Alessandro Roncaglia).
• La Crisi Italiana. Roma-Bari, Laterza, 1995.
• Sottosviluppo - una strategia di riforme. Roma-Bari, Laterza, 2001. English translation: Underdevelopment A Strategy for Reform. Cambridge, CUP, 2001).
• Un paese a civiltà limitata. Roma-Bari, Laterza, 2001.
• Berlusconi e gli anticorpi. Roma-Bari, Laterza, 2003.
• Torniamo ai classici. Roma-Bari, Laterza, 2004.
• Ahi serva Italia: un appello ai miei concittadini. Roma-Bari, Laterza, 2006.

For the full bibliography of Paolo Sylos Labini see Di Falco, E. and Sanfilippo, E. (2007). Una bibliografia degli scritti di Paolo Sylos Labini, Economia & Lavoro, 41 (3): 79-109.

A large number of Labini's publications are collected in a digital fund. The University of Tuscia hosts the fund on its Open Archive in agreement with Labini's heirs and the Paolo Sylos Labini Association. Acquisition and digitization of the materials began in 2007 thanks to funding from the Ministry of University and Research and the support of the Sapienza University of Rome. The archiving work has been coordinated by Professors Marcella Corsi and Alessandro Roncaglia.

• Wikimedia Commons
• Paolo Sylos Labini, su Treccani.it – Enciclopedie on line, Istituto dell'Enciclopedia Italiana.
• Paolo Sylos Labini, in Enciclopedia Italiana, Istituto dell'Enciclopedia Italiana.
• Paolo Sylos Labini, in Dizionario biografico degli italiani, Istituto dell'Enciclopedia Italiana.
• Opere di Paolo Sylos Labini, su Liber Liber.
• Opere di Paolo Sylos Labini, su openMLOL, Horizons Unlimited srl.
• (EN) Opere di Paolo Sylos Labini, su Open Library, Internet Archive.
• (FR) Pubblicazioni di Paolo Sylos Labini, su Persée, Ministère de l'Enseignement supérieur, de la Recherche et de l'Innovation.
• Registrazioni di Paolo Sylos Labini, su RadioRadicale.it, Radio Radicale.
• Web site of the Paolo Sylos Labini Association.