Luigi Luzzatti

Luigi Luzzatti ( born March 11 1841 in Venice, † March 29, 1927 in Rome ) was an Italian economist, financier and politician. He was Italian Prime Minister in term from 31 March 1910 to 2 March 1911.

In a Jewish family, born Luzzatti studied law in Padua. He drew the attention of the Austrian police by his economic theory on himself and was forced to emigrate.

In 1863 he became a professor at the Technical Institute of Milan; In 1867 he was appointed Professor of Constitutional Law at Padua, then he was transferred to the University of Rome. With remarkable eloquence and great energy he spread in Italy the economic theories of Hermann Schulze- Delitzsch, was involved in the establishment of a Chamber of Commerce in Venice and contributed to the proliferation of the People's Banks.

In 1869 he was appointed by Marco Minghetti Secretary of State for Agriculture and Trade, managed in this office from the supervision of the government about the trading company and promoted a profound investigation into the situation of the industry. Although theoretically carrier of free trade, he was de facto crucial for the emergence of protectionist economic system. In 1877 he participated in the purchase negotiations with France in part, in 1878 he acquired the Italian tariff directory and was following at the top in all trade agreements, who graduated Italy with the other countries.

After his appointment as Minister of the Treasury in the first Cabinet of Antonio Starabba di Rudinì in 1891, he managed unverzöglich from the system of settlements between central banks, which caused the partial multiplication of money in circulation and the crisis of the banking system accelerated in 1893.

In 1896 he was Minister of the Treasury in the second cabinet Di Rudinì and passed laws by which the Bank of Naples could be saved from bankruptcy. After he left the office in 1898, he occupied himself with the conclusion of trade negotiations with France, while he actively participated as a delegate, journalist and professor at the political and economic life of his country.

He was re-appointed Minister of the Treasury in November 1903 to March 1905 in the cabinet of Giovanni Giolitti and for the third time from February to May in the cabinet of Sidney Sonnino. At the end of his tenure, he managed the conversion to 5 % of Italian public debt ( it was 4% for the net of taxes ) to further lower by 3.5 % and 3%. This operation tried the other ministers without success. Although the conversion was not fully accomplished in his tenure, we owe it to him for the most.

Luigi Luzzatti was the second Prime Minister of Jewish origin in Italy to Sidney Sonnino.

In 1907 he was chairman of the cooperatives of Cremona.