A founding father of neoclassical economics was a committed fascist

Evidence

These cruel words came from the pen of someone who is still remembered as one of the most important economists of all time and is a founding father of the economic theory that is still dominant today, the “neoclassical paradigm.” Pantaleoni’s Principles of Pure Economics, translated into English in 1898, represented a methodological turning point for economic studies, training generations of students. His international fame secured him a seat at the Brussels conference of 1920. A committed member of the Fascist Party and a senator since 1923, Pantaleoni worked strenuously in the role of first technical adviser to his student Alberto De’ Stefani, who in 1922 became the minister of finance and treasury of the fascist government. — Clara E. Mattei, Escape from Capitalism, 199

Categorization

  • XREF: Contradicts the reader’s assumed dissociation between mainstream economics and political coercion — the ‘neutral science’ of neoclassicism was devised by a regime loyalist. — connects to: Economists served fascism by reestablishing the economics-politics divide — Clara E. Mattei, Escape from Capitalism: An Intervention, 193; Neoclassical economics rebranded political economy to hide power relations — Clara E. Mattei, Escape from Capitalism: An Intervention, 31

Broader Connections