Italian economist and dedicated follower of Walras and Pareto, Enrico Barone was instrumental in convincing Walras to incorporate variable production techniques - and, by extension, marginal productivity theory - into the Walrasian system. Barone's most famous contribution, however, was in getting the "Socialist Calculation" debate started with his famous 1908 article. His position, later taken up by Taylor and Lange, was that it was indeed possible in a collectivist state for a planning agency to calculate prices in order to achieve maximum efficiency. But he did not think it could do "better" than a capitalist economy.
Barone was also a capable public finance economist. His 1912 article was the first to apply indifference curve analysis to compare the relative burdens of income taxes and excise taxes. He was also an articulate opponent of "progressive" taxation schemes as they rested on what he considered highly dubious utilitarian calculations.
Major works of Enrico Barone
Resources on Enrico Barone
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