Ferdinando Galiani, an Italian Precursor to the Austrians
[From the Austrian Economics Newsletter, Spring 1987]
The Austrian School of economics did not develop out of thin air. It built upon the work of a number of other economists and philosophers going back as far as Aristotle. Among the precursors of the Austrian School were a number of Spanish and Italian scholastic economists.
Several early Italian economists influenced the development of continental European economic thought in the centuries before Carl Menger.
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