Ferdinando Galiani

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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.


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


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.


The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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