Nitti, Beneduce and the governance of Italian capitalism - This essay deals with the relationship between Francesco Saverio Nitti and Alberto Beneduce. The author focuses on the peculiarities of the Italian State’s attitudes towards industrial capitalism in the first decades of the twentieth century. The collaboration of Beneduce, a technocrat in the age of Giolitti and later the builder of the public sector of the Italian economy in the interwar years, with the famous southern economist found a congenial ground in the construction of institutional props and control systems capable of protecting savings from the risky initiatives of Italian bankers. Their joint efforts produced the new system of bank regulations adopted in 1936 and announced the more modern and effective modes of governance of financial institutions typical of postwar mature capitalism.
Keywords: Nitti, Beneduce, capitalism, governance, financial institutions
Parole chiave: Nitti, Beneduce, capitalismo, regolazione, istituzioni finanziarie