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LUIGI LUZZATTI (1841- )

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Originally appearing in Volume V17, Page 148 of the 1911 Encyclopedia Britannica.
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LUIGI See also:LUZZATTI (1841- )  , See also:Italian economist and financier, was See also:born of Jewish parents at See also:Venice on the 11th of See also:March 1841 . After completing his studies in See also:law at the university of See also:Padua, he attracted the See also:attention of the See also:Austrian See also:police by his lectures on See also:political See also:economy, and was obliged to emigrate . In 1863 he obtained a professorship at the See also:Milan Technical See also:Institute; in 1867 he was appointed See also:professor of constitutional law at Padua, whence he was transferred to the university of See also:Rome . Gifted with eloquence and See also:energy, he popularized in See also:Italy the economic ideas of See also:Schultze-See also:Delitzsch, worked for the See also:establishment of a commercial See also:college at Venice, and contributed to the spread of See also:people's See also:banks on a basis of limited liability throughout the See also:country . In 1869 he was appointed by See also:Minghetti under secretary of See also:state to the See also:ministry of See also:agriculture and See also:commerce, in which capacity he abolished See also:government See also:control over commercial companies and promoted a state inquiry into the conditions of See also:industry . Though theoretically a See also:free trader, he was largely instrumental in creating the Italian protective See also:system . In 1877 he participated in the commercial negotiations with See also:France, in 1878 compiled the Italian customs See also:tariff, and subsequently took a leading See also:part in the negotiations of all the commercial See also:treaties between Italy and other countries . Appointed See also:minister of the See also:treasury in the first Di Rudini See also:cabinet of 1891, he imprudently abolished the system of frequent clearings of See also:bank-notes between the state banks, a measure which facilitated the duplication of part of the See also:paper currency and hastened the bank crisis of 1893 . In 1896 he entered the second Di Rudini cabinet as minister of the treasury, and by timely legislation helped to See also:save the bank of See also:Naples from failure . After his fall from See also:office in See also:June 1898, his See also:principal achievement was the negotiation of the Franco-Italian commercial treaty, though, as See also:deputy, journalist and professor, he continued to take an active part in all political and economic manifestations . He was again minister of the treasury from See also:November 1903 to March 1905 in See also:Giolitti's second See also:administration, and for the third See also:time from See also:February to May 1906, under See also:Sonnino's premiership . During the latter See also:term of office he achieved the See also:conversion of the Italian 5% See also:debt (reduced to 4% by the tax) to 31% to be eventually lowered to 31%, an operation which other ministers had attempted without success; although the actual See also:con-version was not completed until after the fall of the cabinet ofwhich he formed part the merit is entirely his .

In 1907 he was See also:

president of the co-operative See also:congress at See also:Cremona . See L . See also:Carpi's Risorgimento Italiano, vol. ii . (Milan, 1886), which contains a See also:biographical See also:sketch of See also:Luzzatti .

End of Article: LUIGI LUZZATTI (1841- )
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