The role of the legal system in the working of the economy is important. This is especially true in Italy's case. Uncertainty is a major handicap for a modern monetary market economy. Empirical analysis confirms that countries' economic performance is powerfully influenced by the legal system...

Luigi Einaudi's writings on economic developments in Italy and the world, comments deriving from his direct experience, are a gold mine of ideas, key issues and points of view. Faced with the complex, dramatic events of the interwar period, Einaudi made a formidable contribution to their...