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{{Expand Italian|Luigi Zingales|topic=bio|date=April 2024}}
{{Cleanup bare URLs |bot=wp:tagbot |requester=User:MarnetteD |date=May 2019}}
{{short description|Italian economist and author (born 1963)}}
{{Use dmy dates|date=January 2021}}
{{Infobox economist
{{Infobox economist
|birth_name = Luigi Zingales
|birth_name =
| image = Luigi Zingales 2012.jpg
| image = Luigi Zingales 2012.jpg
| image_size =
| image_size =
| birth_date = {{Birth date and age|1963|2|8|mf=y}}
| birth_date = {{Birth date and age|df=yes|1963|2|8}}
| birth_place = [[Padua, Italy]]
| birth_place = [[Padua, Italy]]
| death_date =
| death_date =
| death_place =
| death_place =
| institution = [[University of Chicago]], U.S.
| institution = [[University of Chicago]], U.S.
| nationality = [[Italy|Italian]]-[[Americans|American]]
| nationality =
| field = [[Business economics]]
| field = [[Business economics]]
⚫
| doctoral_advisor = [[James M. Poterba]]<ref name="Thesis Supervisor">{{cite thesis |last= Zingales |first= Luigi |date= 1992 |title= The value of corporate control |type= Ph.D. |publisher= [[MIT]] |hdl= 1721.1/13214?show=full |url= https://dspace.mit.edu/handle/1721.1/13214?show=full |access-date= 8 December 2016 }}</ref><br>[[Oliver Hart (economist)|Oliver Hart]]<ref name="Thesis Supervisor" />
| alma_mater = [[Bocconi University]] ([[B.A.]])<br>[[MIT]] ([[Ph.D.]])
⚫
| doctoral_advisor = [[James M. Poterba]]<ref name="Thesis Supervisor">{{cite thesis |last= Zingales |first= Luigi |date= 1992 |title= The value of corporate control |type= Ph.D. |chapter= |publisher= [[MIT]] |docket= |oclc= |url= https://dspace.mit.edu/handle/1721.1/13214?show=full |access-date= 8 December 2016 }}</ref><br>[[Oliver Hart (economist)|Oliver Hart]]<ref name="Thesis Supervisor" />
| academic_advisors =
| academic_advisors =
| doctoral_students =
| doctoral_students =
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| repec_prefix = e
| repec_prefix = e
| repec_id = pzi101
| repec_id = pzi101
|education=[[Bocconi University]] ([[Master of Arts|MA]])<br>[[Massachusetts Institute of Technology]] ([[PhD]])}}
}}

'''Luigi G. Zingales''' ({{IPA-it|luˈiːdʒi dziŋˈɡaːles}}; born February 8, 1963 in [[Padua, Italy]]), is a finance professor at the [[University of Chicago Booth School of Business]], and the author of two widely reviewed books. ''[[Saving Capitalism from the Capitalists]]'' (2003) is a study of "relationship capitalism".<ref>{{cite news |title=Economic Scene; Are open markets threatened more by a pro-business or by an antibusiness ideology? |first=Virginia |last=Postrel |date=December 4, 2003 |work=The New York Times |url=https://www.nytimes.com/2003/12/04/business/economic-scene-are-open-markets-threatened-more-pro-business-antibusiness.html?pagewanted=all&src=pm}}</ref> In ''[[A Capitalism for the People]]: Recapturing the Lost Genius of American Prosperity'' (2012), Zingales "suggests that channeling populist anger can reinvigorate the power of competition and reverse the movement toward a 'crony system'."<ref>{{cite web |title=Nonfiction review |work=Publishers Weekly |url=http://www.publishersweekly.com/978-0-465-02947-1 |date=April 23, 2012}}</ref><ref>{{cite news |work=The Financial Times |first=John |last=Plender |date=April 15, 2012 |title=Nostalgia for the land of opportunity |url=http://www.ft.com/cms/s/2/0415a456-8551-11e1-a75a-00144feab49a.html#axzz1y8F3hCTJ}}</ref>
'''Luigi Zingales''' ({{IPA|it|luˈiːdʒi ddziŋˈɡaːles}}; born 8 February 1963) is an Italian academic who is a finance professor at the [[University of Chicago Booth School of Business]]. His book ''[[Saving Capitalism from the Capitalists]]'' (2003) is a study of "relationship capitalism".<ref>{{cite news |title=Economic Scene; Are open markets threatened more by a pro-business or by an antibusiness ideology? |first=Virginia |last=Postrel |date=4 December 2003 |work= [[The New York Times]] |url=https://www.nytimes.com/2003/12/04/business/economic-scene-are-open-markets-threatened-more-pro-business-antibusiness.html?pagewanted=all&src=pm}}</ref> In ''[[A Capitalism for the People|A Capitalism for the People: Recapturing the Lost Genius of American Prosperity]]'' (2012), Zingales "suggests that channeling populist anger can reinvigorate the power of competition and reverse the movement toward a '[[crony capitalism|crony system]]'."<ref>{{cite web |title=Nonfiction review |work=Publishers Weekly |url=http://www.publishersweekly.com/978-0-465-02947-1 |date=April 23, 2012}}</ref><ref>{{cite news |work=The Financial Times |first=John |last=Plender |date=April 15, 2012 |title=Nostalgia for the land of opportunity |url=http://www.ft.com/cms/s/2/0415a456-8551-11e1-a75a-00144feab49a.html#axzz1y8F3hCTJ}}</ref>


==Career==
==Career==
Zingales received a bachelor's degree in economics from [[Bocconi University]] in [[Milan]]. In 1992 he earned a [[Ph.D.]] in Economics from the [[Massachusetts Institute of Technology]] for thesis titled ''The value of corporate control'' under the supervision of [[James M. Poterba]] and [[Oliver Hart (economist)|Oliver Hart]].<ref>{{cite web | url = https://dspace.mit.edu/handle/1721.1/13214?show=full | access-date = 17 Sep 2015 | title = The value of corporate control by Luigi Zingales | publisher = MIT Library}}</ref> In the same year he joined the faculty of [[University of Chicago Booth School of Business]], where he is the [[Robert C. McCormack]] Distinguished Service Professor of Entrepreneurship and Finance.<ref>{{cite web |url=http://www.chicagobooth.edu/faculty/bio.aspx?person_id=12826023936 |title=Luigi Zingales |accessdate=2012-06-18}}</ref> Zingales also serves as a member of the [[Committee on Capital Markets Regulation]].<ref>{{cite web |url=http://capmktsreg.org/ |title=Committee on Capital Markets Regulation |accessdate=2012-06-18}}</ref>
Zingales received a bachelor's degree in economics from [[Bocconi University]] in [[Milan]]. In 1992 he earned a [[Ph.D.]] in Economics from the [[Massachusetts Institute of Technology]] with the completion of his thesis, titled ''The value of corporate control'', under the supervision of [[James M. Poterba]] and [[Oliver Hart (economist)|Oliver Hart]].<ref>{{cite thesis | url = https://dspace.mit.edu/handle/1721.1/13214?show=full | access-date = 17 Sep 2015 | title = The value of corporate control by Luigi Zingales | year = 1992 | publisher = MIT Library| hdl = 1721.1/13214?show=full | type = Thesis | last1 = Zingales | first1 = Luigi }}</ref> In the same year he joined the faculty of the [[University of Chicago Booth School of Business]], where he is the [[Robert C. McCormack]] Distinguished Service Professor of Entrepreneurship and Finance.<ref>{{cite web |url=http://www.chicagobooth.edu/faculty/bio.aspx?person_id=12826023936 |title=Luigi Zingales |access-date=2012-06-18}}</ref> Zingales also serves as a member of the [[Committee on Capital Markets Regulation]].<ref>{{cite web |url=http://capmktsreg.org/ |title=Committee on Capital Markets Regulation |access-date=2012-06-18}}</ref> He also co-hosts the podcast ''[http://www.capitalisnt.com Capitalisn't]'' along with journalist [[Bethany McLean]].


==Positions==
==Positions==
Zingales has voiced support for greater regulation of the banking and technology industries.<ref>{{cite web|last=Zingales|first=Luigi|date=2012-05-29|title=How Political Clout Made Banks Too Big to Fail|url=https://www.bloomberg.com/view/articles/2012-05-29/how-political-clout-made-banks-too-big-to-fail|access-date=2020-10-06|website=www.bloomberg.com}}</ref> Perhaps most interesting is his support of the [[United States debt ceiling]], which is almost universally held in low regard by his colleagues.<ref>{{cite web|url=https://www.ocregister.com/2013/01/23/luigi-zingales-congress-needs-to-keep-debt-ceiling/|title=Luigi Zingales: Congress needs to keep debt ceiling|first=Orange County|last=Register|date=23 January 2013}}</ref>{{Citation needed|reason=Citation needed for popularity of his position.|date=June 2023}}


⚫
In July 2012, Zingales took part in the 'No-Brainer Economic Platform' project of [[NPR]]'s program ''[[Planet Money]]''. He supported a six-part reform plan that involved eliminating all American [[Income tax in the United States|income]], [[Corporate tax in the United States|corporate]], and [[Taxation in the United States#Payroll taxes|payroll taxes]] as well as the [[war on drugs]] and replacing the system with a broad [[consumption tax]] (including taxing formerly illegal substances).<ref>{{cite web|url=https://www.npr.org/sections/money/2012/07/19/157047211/six-policies-economists-love-and-politicians-hate|title=Six Policies Economists Love (And Politicians Hate)|website=NPR.org}}</ref><ref>{{cite web|url=https://www.npr.org/sections/money/2012/07/18/156928675/episode-387-the-no-brainer-economic-platform|title=Episode 387: The No-Brainer Economic Platform|website=NPR.org}}</ref>
Zingales has been featured prominently in news media, which falls in line with his belief that economists should take a more public stance regarding what they believe in. While a traditional economist in many respects, he is known for some of his unique opinions. He has advocated replacing all taxes with a single [[consumption tax]], a position usually associated with political conservatives. On the other hand, he has voiced support for greater regulation of the banking industry.<ref>[http://www.bloombergview.com/articles/2012-05-29/how-political-clout-made-banks-too-big-to-fail Bloomberg View]</ref> Perhaps most interesting is his support of the [[United States debt ceiling]], which is almost universally held in low regard by his colleagues.<ref>[http://www.ocregister.com/articles/congress-408734-debt-ceiling.html Luigi Zingales: Congress needs to keep debt ceiling]</ref>


⚫
Zingales generated controversy in 2018 when he invited former White House Chief Strategist [[Steve Bannon]] to debate [[globalization]] and [[immigration]] at the [[University of Chicago]] against an undecided expert in the field. The decision sparked protests from students and faculty given Bannon's history of controversial statements.<ref>{{Cite news|url=https://www.washingtonpost.com/news/morning-mix/wp/2018/01/26/steve-bannon-invitation-sparks-protests-at-university-of-chicago/|title=Steve Bannon invitation sparks protests at University of Chicago|last=Hogan|first=Susan|date=2018-01-26|newspaper=Washington Post|access-date=2018-02-06|language=en-US|issn=0190-8286}}</ref>
⚫
In July 2012, Zingales took part in the 'No-Brainer Economic Platform' project of [[NPR]]'s program ''[[Planet Money]]''. He supported a six-part reform plan that involved eliminating all American [[Income tax in the United States|income]], [[Corporate tax in the United States|corporate]], and [[Taxation in the United States#Payroll taxes|payroll taxes]] as well as the [[war on drugs]] and replacing the system with a broad [[consumption tax]] (including taxing formerly illegal substances).<ref>https://www.npr.org/blogs/money/2012/07/19/157047211/six-policies-economists-love-and-politicians-hate</ref><ref>https://www.npr.org/blogs/money/2012/07/18/156928675/episode-387-the-no-brainer-economic-platform</ref>


⚫
Zingales generated controversy in 2018 when he invited former [[White House Chief Strategist]] [[Steve Bannon]] to debate [[globalization]] and [[immigration]] at the [[University of Chicago]] against an undecided expert in the field. The decision sparked protests from students and faculty given Bannon's history of controversial statements<ref>{{Cite news|url=https://www.washingtonpost.com/news/morning-mix/wp/2018/01/26/steve-bannon-invitation-sparks-protests-at-university-of-chicago/|title=Steve Bannon invitation sparks protests at University of Chicago|last=Hogan|first=Susan|date=2018-01-26|work=Washington Post|access-date=2018-02-06|language=en-US|issn=0190-8286}}</ref>.
==Studies==
==Studies==
⚫
His main field of study is business economics, with a heavy focus on organizations and entrepreneurship.{{citation needed|date=January 2021}}

⚫
His main field of study is business economics, with a heavy focus on organizations and entrepreneurship.


==Awards==
==Awards==
⚫
He was the winner of the 2003 [[Germán Bernácer Prize]] to the best European economist under 40 working in macro-finance.<ref>{{cite web|url=http://bernacerprize.org/|title=Bernacerprize|website=Bernacerprize}}</ref>

⚫
In 2012, he was named by ''[[Foreign Policy (magazine)|Foreign Policy]]'' magazine to its list of FP Top 100 Global Thinkers, "For reminding us what conservative economics used to look like."<ref>{{cite web |url=https://foreignpolicy.com/articles/2012/11/26/the_fp_100_global_thinkers?page=0,57 |title=The FP Top 100 Global Thinkers |date=26 November 2012 |work=Foreign Policy |access-date=28 November 2012 |archive-date=30 November 2012 |archive-url=https://web.archive.org/web/20121130221322/http://www.foreignpolicy.com/articles/2012/11/26/the_fp_100_global_thinkers?page=0,33 |url-status=live }}</ref>
⚫
He was the winner of the 2003 [[Germán Bernácer Prize]] to the best European economist under 40 working in macro-finance.<ref>[http://www.bernacerprize.org/ ''Bernácer Prize. For promoting economic research in Europe'']</ref>
⚫
In 2012, he was named by ''[[Foreign Policy (magazine)|Foreign Policy]]'' magazine to its list of [[FP Top 100 Global Thinkers]], "For reminding us what conservative economics used to look like."<ref>{{cite web |url=https://foreignpolicy.com/articles/2012/11/26/the_fp_100_global_thinkers?page=0,57 |title=The FP Top 100 Global Thinkers |date=26 November 2012 |work=Foreign Policy |accessdate=28 November 2012 |archivedate=28 November 2012 |archiveurl=https://www.webcitation.org/6CViUyRpk?url=http://www.foreignpolicy.com/articles/2012/11/26/the_fp_100_global_thinkers?page=0,33 |deadurl=no |df= }}</ref>


==Books==
==Books==
* ''[[Saving Capitalism from the Capitalists]]'', Random House, New York, 2003; Co-authored with [[Raghuram G. Rajan]]
*''[[Saving Capitalism from the Capitalists]]'', Random House, New York, 2003; Co-authored with [[Raghuram G. Rajan]]
* ''[[A Capitalism for the People]]: Recapturing the Lost Genius of American Prosperity'', Basic Books, New York, 2012
*''[[A Capitalism for the People]]: Recapturing the Lost Genius of American Prosperity'', Basic Books, New York, 2012


== References ==
==References==
{{reflist|2}}
{{reflist}}


== External links ==
==External links==
{{wikiquote}}
{{wikiquote}}
* {{cite web |last=Roberts |first=Russ |title=Zingales on Capitalism and Crony Capitalism|url=http://www.econtalk.org/archives/_featuring/luigi_zingales/ |work=[[EconTalk]] |publisher=[[Library of Economics and Liberty]] |authorlink=Russ Roberts |date=July 2, 2012}}
*{{cite web |last=Roberts |first=Russ |title=Zingales on Capitalism and Crony Capitalism|url=http://www.econtalk.org/archives/_featuring/luigi_zingales/ |work=[[EconTalk]] |publisher=[[Library of Economics and Liberty]] |author-link=Russ Roberts |date=July 2, 2012}}
* {{C-SPAN|luigizingales}}
*{{C-SPAN|1030376}}


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[[Category:Living people]]
[[Category:Living people]]
[[Category:Massachusetts Institute of Technology alumni]]
[[Category:Massachusetts Institute of Technology School of Science alumni]]
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[[Category:University of Chicago Booth School of Business faculty]]
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[[Category:1963 births]]
[[Category:Manhattan Institute for Policy Research]]
[[Category:Manhattan Institute for Policy Research]]
[[Category:People from Padua]]
[[Category:Writers from Padua]]
[[Category:Italian emigrants to the United States]]
[[Category:Presidents of the American Finance Association]]

Revision as of 04:15, 16 August 2024

Luigi Zingales
Born (1963-02-08) 8 February 1963 (age 61)
Padua, Italy
EducationBocconi University (MA)
Massachusetts Institute of Technology (PhD)
Academic career
FieldBusiness economics
InstitutionUniversity of Chicago, U.S.
Doctoral
advisor		James M. Poterba[1]
Oliver Hart[1]
Information at IDEAS / RePEc

Luigi Zingales (Italian pronunciation: [luˈiːdʒi ddziŋˈɡaːles]; born 8 February 1963) is an Italian academic who is a finance professor at the University of Chicago Booth School of Business. His book Saving Capitalism from the Capitalists (2003) is a study of "relationship capitalism".[2] In A Capitalism for the People: Recapturing the Lost Genius of American Prosperity (2012), Zingales "suggests that channeling populist anger can reinvigorate the power of competition and reverse the movement toward a 'crony system'."[3][4]

Career

Zingales received a bachelor's degree in economics from Bocconi University in Milan. In 1992 he earned a Ph.D. in Economics from the Massachusetts Institute of Technology with the completion of his thesis, titled The value of corporate control, under the supervision of James M. Poterba and Oliver Hart.[5] In the same year he joined the faculty of the University of Chicago Booth School of Business, where he is the Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance.[6] Zingales also serves as a member of the Committee on Capital Markets Regulation.[7] He also co-hosts the podcast Capitalisn't along with journalist Bethany McLean.

Positions

Zingales has voiced support for greater regulation of the banking and technology industries.[8] Perhaps most interesting is his support of the United States debt ceiling, which is almost universally held in low regard by his colleagues.[9][citation needed]

In July 2012, Zingales took part in the 'No-Brainer Economic Platform' project of NPR's program Planet Money. He supported a six-part reform plan that involved eliminating all American income, corporate, and payroll taxes as well as the war on drugs and replacing the system with a broad consumption tax (including taxing formerly illegal substances).[10][11]

Zingales generated controversy in 2018 when he invited former White House Chief Strategist Steve Bannon to debate globalization and immigration at the University of Chicago against an undecided expert in the field. The decision sparked protests from students and faculty given Bannon's history of controversial statements.[12]

Studies

His main field of study is business economics, with a heavy focus on organizations and entrepreneurship.[citation needed]

Awards

He was the winner of the 2003 Germán Bernácer Prize to the best European economist under 40 working in macro-finance.[13] In 2012, he was named by Foreign Policy magazine to its list of FP Top 100 Global Thinkers, "For reminding us what conservative economics used to look like."[14]

Books

References

  1. ^ a b Zingales, Luigi (1992). The value of corporate control (Ph.D.). MIT. hdl:1721.1/13214?show=full. Retrieved 8 December 2016.
  2. ^ Postrel, Virginia (4 December 2003). "Economic Scene; Are open markets threatened more by a pro-business or by an antibusiness ideology?". The New York Times.
  3. ^ "Nonfiction review". Publishers Weekly. 23 April 2012.
  4. ^ Plender, John (15 April 2012). "Nostalgia for the land of opportunity". The Financial Times.
  5. ^ Zingales, Luigi (1992). The value of corporate control by Luigi Zingales (Thesis). MIT Library. hdl:1721.1/13214?show=full. Retrieved 17 September 2015.
  6. ^ "Luigi Zingales". Retrieved 18 June 2012.
  7. ^ "Committee on Capital Markets Regulation". Retrieved 18 June 2012.
  8. ^ Zingales, Luigi (29 May 2012). "How Political Clout Made Banks Too Big to Fail". www.bloomberg.com. Retrieved 6 October 2020.
  9. ^ Register, Orange County (23 January 2013). "Luigi Zingales: Congress needs to keep debt ceiling".
  10. ^ "Six Policies Economists Love (And Politicians Hate)". NPR.org.
  11. ^ "Episode 387: The No-Brainer Economic Platform". NPR.org.
  12. ^ Hogan, Susan (26 January 2018). "Steve Bannon invitation sparks protests at University of Chicago". Washington Post. ISSN 0190-8286. Retrieved 6 February 2018.
  13. ^ "Bernacerprize". Bernacerprize.
  14. ^ "The FP Top 100 Global Thinkers". Foreign Policy. 26 November 2012. Archived from the original on 30 November 2012. Retrieved 28 November 2012.
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