Luigi Zingales

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Luigi Zingales
Luigi Zingales 2012.jpg
Born (1963-02-08) February 8, 1963 (age 52)
Padua, Italy
Nationality Italian and American
Field Business economics
Information at IDEAS / RePEc

Luigi G. Zingales (Italian pronunciation: [luˈiːdʒi ddziŋˈɡaːles]; 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".[1] 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'."[2][3]


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.[4] In the same year he joined the faculty of University of Chicago Booth School of Business, where he is the Robert C. McCormack Professor of Entrepreneurship and Finance.[5] Zingales also serves as a member of the Committee on Capital Markets Regulation.[6]


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.[7] Perhaps most interesting is his support of the United States debt ceiling, which is almost universally held in low-regard by his colleagues.[8]

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).[9][10]


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


He was the winner of the 2003 Germán Bernácer Prize to the best European economist under 40 working in macro-finance.[11] 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."[12]


  • (with Raghuram G. Rajan), Saving Capitalism from the Capitalists, Random House, New York, 2003.
  • A Capitalism for the People: Recapturing the Lost Genius of American Prosperity, Basic Books, New York, 2012 .


External links[edit]