On the Private and Social Benefits of Economic Literacy

Name: On the Private and Social Benefits of Economic Literacy
Brand: Vita e Pensiero
Availability: OnlineOnly

digital

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Section

Open Access

Title

On the Private and Social Benefits of Economic Literacy

Author

Giulio Piccirilli

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

06-2020

Doi

10.26350/000518_000044

Issn

0035-676X (print) | 1827-7918 (digital)

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Description

Carlo Dell’Aringa was highly respected both as a professor of economics and as an expert involved in the policy debate and in direct policy decisions. Inspired by these traits of his figure, we focus on the link between economic knowledge and policy. In particular, by means of a theoretical model and a simple empirical analysis, we argue that the conduct of fiscal policy is more tuned on social welfare in countries where citizens have a better understanding of economics and financial concepts.