Ferdinando Galiani


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Galiani, Ferdinando

 

Born Dec. 2, 1728, in Chieti. died Sept. 30, 1787, in Naples. Italian bourgeois economist and philosopher, statesman, and abbot. One of the forerunners of the Austrian school.

Galiani asserted that the value of a commodity is determined by its utility. However, his concept of value is contradictory: he tried to deduce the source of a commodity’s value from its utility and from the expenditure of labor that went into its production. Galiani considered questions of monetary theory and international trade. He criticized the physiocratic theory and the policy of free trade.

WORKS

Trattato della moneta. Naples, 1750.
In Russian translation:
Besedy o torgovle zernom. Kiev, 1891.

REFERENCES

Marx, K. Kapital, vol. 1. In K. Marx and F. Engels, Soch., 2nd ed., vol. 23, pp. 84, 99, 100, 110, 164, 169, 325, 658.
Marghieri, A. L’Abate Galiani. … Naples, 1878.

V. S. AFANAS’EV

References in periodicals archive ?
Throughout Watching Vesuvius, Cocco references numerous physicians, philosophers, and historians including Antonio Caracciolo, Giovanni Alfonso Borelli, Giuseppe Valletta, Giovanni Maria della Torre, Deodat Dolomieu, William Hamilton, and Ferdinando Galiani among others.
Montesquieu, the Physiocrats, the Enlightenment and its Encyclopedic), as shown in the major treatises of Ferdinando Galiani (particularly that on money but also on the grain trade), of Pietro Verri and Cesare Beccaria, and in the lesser work of G.
Abbe Ferdinando Galiani (1728-87), economic theorist, savant and diplomat, served in Paris from 1759 to 1769 as secretary to the ambassador from Naples.
Regardless of whether Smith was or was not, it seems to me that the broader issue of whether such seminal figures in intellectual history as Bernardo Davanzati (1529-1606), Ferdinando Galiani (1728-1787), Adam Ferguson (1723-1816), Jean-Jacques Burlamaqui (1694-1748), Auguste Walras (1801-1866), and Leon Walras (1834-1910) is, in some respects, a far more significant point of investigation.
The political attacks begin with the Old Right's 18th century complaint that economics' fondness for freedom and markets destroys the social order, offering Ferdinando Galiani and Jacques Necker as examples.
This book would have benefited, as well, from chapters on Vico's social theory--especially given the related subjects raised in this volume--and also on Ferdinando Galiani, an economic thinker and a Neapolitan envoy to Paris, who was feted by the philosophes and who later regularly corresponded with his Parisian friends after he was returned to Naples in relative disgrace.