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Luigi Einaudi (1874-1961) was a leading liberal Italian economist, economic historian and political figure: Governor of the Bank of Italy, Minister for the Budget and President of the Italian Republic. He was a prolific writer in all fields and his writings testify to his outstanding contribution to economics during his long career.

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Preface; Roberto Einaudi Editors´ Introduction; Riccardo Faucci and Roberto Marchionatti PART I: EINAUDI´S CONTRIBUTIONS TO THE THEORY OF PUBLIC FINANCE 1. Abstract Hypotheses and Historical Hypotheses and on Value Judgements in Economic Science 2. Myths and Paradoxes of Justice in Taxation 3. The Physiocratic Theory of Taxation PART II: EINAUDI´S CONTRIBUTIONS TO MONETARY ISSUES 4. The Economic Content of the Lira After the Monetary Reform of 21 St December 1927 5. On The Methods for Achieving Monetary Stability and if One Can Still Speak of a Lira Stabilization Crisis 6. Theory and Practice; and on Some Distortions Concerning the Equation of Exchange PART III: EINAUDI´S CONTRIBUTIONS TO THE HISTORY OF ECONOMIC THOUGHT 7. Galiani, the Economist 8. What did Cantillon Say? 9. On the Theory of Public Works in Malthus and on the Type of his Prophesies 10. Economic Science and Economists at the Present Day

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Roberto Einaudi is an architect, writer, and founder of the Cornell University College of Architecture, Art and Planning in Rome, Italy. A grandson of Luigi Einaudi, he was President of the Foundation Luigi Einaudi of Rome in 2007-2011, and member of the board of directors of the three different foundations. Riccardo Faucci is Professor of the History of economic thought, University of Pisa, Italy, where he also teaches Political Economy. He is the author of Luigi Einaudi´s biography (1986) and is co-editor, with Roberto Marchionatti, of History of Economic Ideas. Roberto Marchionatti is Professor of economics at the University of Torino, Italy, where he teaches History of economic thought. He has been a visiting scholar in economics at New York University and at the University of Cambridge, UK. He is the editor of Einaudi´s articles in The Economist (Olschki 2000). Mario Draghi is the former Governor of the Bank of Italy and is currently the President of the European Central Bank. Marvin King is the Governor of the Bank of England and Chairman of the Monetary Policy Committee. Alberto Alesina is a Professor at Harvard University, USA.

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