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The Elgar Companion to Law and Economics, Second Edition

Edited by Jürgen G. Backhaus

This thoroughly updated and revised edition of a popular and authoritative reference work introduces the reader to the major concepts and leading contributors in the field of law and economics. The Companion features accessible, informative and provocative entries on all the significant issues, and breaks new ground by bringing together widely dispersed yet theoretically congruent ideas.
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Chapter 47: Achille Loria (1857–1943)

Giampaolo Frezza and Francesco Parisi


Giampaolo Frezza and Francesco Parisi Introduction Achille Loria was born in Mantua (Italy) in 1857, and died on 6 November 1943, in Luserna, Turin. In a posthumous note by the Italian economist Augusto Graziani, the Commemorazione del Socio Achille Loria (Commemoration of the Fellow Achille Loria), published in 1949 by the National Academy of the Lincei, Loria is described as a ‘Sovereign of Science’, whose entire life was dedicated to the effective and tireless investigation of truth, a search which continued into old age. Every problem he encountered was thoroughly examined. Loria’s wide knowledge of fact and theory is comparable to John Stuart Mill’s, especially for the power, ingenuity, and receptive spirit and acceptance of new truths, including those from other disciplines, and from the confutation of mistake and renewed sophism in the social sciences. Loria started producing his scientific works at the age of 22 with a monograph that captured the attention of Italian and foreign academics for its highly critical references, originality of thought and depth of examination.1 His prolific scientific output is concentrated in the following research areas: 1. Economic studies Loria’s economic studies are remarkable in the Analisi della proprietà capitalista (Analysis of capitalist property), Turin, 1899; Le leggi di popolazione e il sistema sociale (The laws of population and the social system), Siena, 1882; Carlo Darwin e l’economia politica (Charles Darwin and political economy), Milan, 1884, La terra ed il sistema sociale (The earth and the social system), Padua, 1892; Nota sui...

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