Luigi Spaventa
{{Short description|Italian economist and politician (1934–2013)}}
{{Use dmy dates|date=June 2023}}
{{Infobox Minister
| image = Luigi Spaventa.jpg
| imagesize = 200px
| caption =
| office = Minister of Budget
| primeminister = Carlo Azeglio Ciampi
| predecessor =
| successor =
| term_start = 28 April 1993
| term_end = May 1994
| office1 = Minister of Treasury
| primeminister1 =
| predecessor1 =
| successor1 =
| term_start1 = 1988
| term_end1 = 1989
| birth_date = {{birth date|1934|3|5|df=y}}
| birth_place = Rome, Kingdom of Italy
| death_date = {{death date and age|2013|1|6|1934|3|5|df=y}}
| death_place = Rome, Italy
| restingplace =
| party = Independent Left
| alma_mater = Sapienza University of Rome
| spouse =
| children =
}}
Luigi Spaventa (5 March 1934 – 6 January 2013) was an Italian politician and academic. He served as a cabinet minister at different Italian governments. He was a member of the Italian Parliament from 1976 to 1983.
Early life and education
Career
Following graduation Spaventa worked as a visiting scholar at Oxford University, the International Monetary Fund and at Cornell University. Then he returned to Italy and was a professor of economics at several universities, including Palermo University and Perugia University. Next he became a faculty member and professor of economics at the Sapienza University of Rome.{{cite web|title=Luigi Spaventa|url=http://www.voxeu.org/person/luigi-spaventa|work=VOX|access-date=4 January 2014}}
In 1976, he was elected to the Italian Parliament and served there until 1983. He was an independent deputy with the Communist Party. In 1981 he involved in the establishment of Centro Europa Ricerche, a research center in Rome, along with Giorgio Ruffolo.{{cite web|title=About Us|url=https://www.centroeuroparicerche.it/about/|publisher=Centro Europa Ricerche|access-date=10 September 2021}} Spaventa was the minister of treasury from 1988 to 1989 and the minister of budget from 1993 to 1994. In the latter post he was part of the cabinet led by Prime Minister Carlo Azeglio Ciampi{{cite news|title=Italian PM includes ex-Reds in Cabinet|newspaper=New Straits Times|access-date=4 January 2014|date=30 April 1993
|url=https://news.google.com/newspapers?nid=1309&dat=19930430&id=puBOAAAAIBAJ&sjid=-xMEAAAAIBAJ&pg=3558,4292745}} and was close to the Democratic Party of the Left.{{cite news|title=Non-politician Puts Italy on Fresh Course|url=https://www.chicagotribune.com/1993/04/29/non-politician-puts-italy-on-fresh-course/|access-date=4 January 2014|newspaper=Chicago Tribune
|date=29 April 1993|author=Peggy Polk}} From 1988 to 1989 Spaventa served as the chairman of the scientific consulting for the management of the public debt formed by the Italian treasury. From 1992 to 1993 he was the coordinator of the council of experts at the general department of treasury.
He ran for a parliament seat from Rome in the 1994 elections{{cite news|title=Mud Flies as Italian Vote Nears|newspaper=Los Angeles Times|url=https://www.latimes.com/archives/la-xpm-1994-03-26-mn-38599-story.html|access-date=4 January 2014|date=26 March 1994
|author=William D. Mantalbano|location=Rome}}{{cite news|title=Heading for a fall. (upcoming Italian elections)|date=19 May 1994
|url=http://www.highbeam.com/doc/1G1-15235884.html|archive-url=https://web.archive.org/web/20160409064856/https://www.highbeam.com/doc/1G1-15235884.html|url-status=dead|archive-date=9 April 2016|access-date=17 January 2014|newspaper=The Economist|via=HighBeam}} but did not win.{{cite news|title=Morto Luigi Spaventa, l'economista che sfidò Berlusconi|date=6 January 2013|access-date=5 January 2014
|url=http://www.repubblica.it/cronaca/2013/01/06/news/morto_economista_luigi_spaventa-50016367/|newspaper=la Repubblica|language=it}} He was part of the Democratic Alliance during this period. In 1994, he became a member of the editorial board of the journals, Moneta e Credito and Banca Nazionale del Lavoro Quarterly Review.{{cite journal|year=2013
|author=Alessandro Roncaglia|author-link=Alessandro Roncaglia|title=Luigi Spaventa|journal=PSL Quarterly Review|volume=66|issue=266
|archive-url=https://web.archive.org/web/20140104204242/http://bib03.caspur.it/ojspadis/index.php/PSLQuarterlyReview/article/download/10480/10358
|url=http://bib03.caspur.it/ojspadis/index.php/PSLQuarterlyReview/article/download/10480/10358|url-status=dead|archive-date=4 January 2014}} He served as the chairman of Banca Monte dei Paschi di Siena from 1997 to 1998. From 1998 to 2003 he was the chairman of the Commissione Nazionale per le Societa e la Borsa or CONSOB, the Italian public authority responsible for regulating the Italian securities market.
Later he was promoted to the title Professor Emeritus at the Sapienza University of Rome. He was the co-founder of CER, the Centro Europa Ricerche. He was also a board member of Banca Nazionale del Lavoro.{{cite web|title=Out in the Cold?|url=http://dev3.cepr.org/pubs/bulletin/067/Spaventa.htm|work=Centre for Economic Policy Research|access-date=4 January 2014|author=Luigi Spaventa}} He wrote for Italian newspapers La Repubblica and Corriere della Sera. He was a member of the Trustees of the International Financial Reporting Standards Foundation from 2008 to July 2010 when he retired from the post.{{cite web
|title=Conclusions of the July 2010 meeting of the IFRS Foundation Trustees Washington DC|url=http://www.ifrs.org/News/Announcements-and-Speeches/Documents/ConclusionsofJuly2010Trusteesmeeting.pdf|work=IFRS|access-date=4 January 2014|date=July 2010|archive-date=4 January 2014|url-status=dead|archive-url=https://web.archive.org/web/20140104213155/http://www.ifrs.org/News/Announcements-and-Speeches/Documents/ConclusionsofJuly2010Trusteesmeeting.pdf}}{{cite news|title=IASC appointments complete advisory group|work=Accountancy Age|date=12 March 2008|url=https://www.accountancyage.com/2008/03/12/iasc-appointments-complete-advisory-group/|access-date=13 October 2023}}
Spaventa was named as the non-executive vice chairman of the board of Banca Profilo SpA on 8 June 2009.{{cite web|title=Luigi Spaventa — Corporate Insider|website=Macroaxis|url=https://www.macroaxis.com/invest/manager/PRO.MI--Luigi_Spaventa|archive-date=6 January 2014
|archive-url=https://web.archive.org/web/20140106031614/https://www.macroaxis.com/invest/manager/PRO.MI--Luigi_Spaventa|url-status=dead}} In addition, he also served as the chairman of the board of Sator SpA to which he was appointed in 2007 and of MTS SpA. His other posts include research fellow of the Centre for Economic Policy Research, based in London, member of the steering committee of the Euro 50 Group and a member of the “Group of Wise Men”, appointed by European ECOFIN on the regulation of European securities markets.
Personal life and death
In 1962 Spaventa married a British woman, Clare Royce, an economist to whom he had been introduced by Amartya Sen.{{cite news
|title=Culture Clash in Rome One|url=https://www.independent.co.uk/voices/culture-clash-in-rome-one-as-italy-votes-this-weekend-patricia-clough-looks-at-the-tussle-between-the-professor-and-the-media-tycoon-1431240.html|access-date=17 January 2014|newspaper=The Independent|date=24 March 1994|author=Patricia Clough}} They had three children.{{cite news|author=Eleanor Spaventa
|title=Clare Royce Spaventa obituary|url=https://www.theguardian.com/world/2021/dec/17/clare-royce-spaventa-obituary|access-date=21 February 2022|work=The Guardian|date=17 December 2021}} He died in Rome on 6 January 2013 at the age of 78 after a long illness.{{cite web|title=In Memoriam – Luigi Spaventa|url=http://life.eui.eu/luigi-spaventa.html|work=European University Institute|access-date=4 January 2014|date=16 January 2013}}{{cite news|title=Addio all'economista Luigi Spaventa|newspaper=La Stampa|date=6 January 2013
|url=http://www.lastampa.it/2013/01/06/economia/addio-all-economista-luigi-spaventa-O2as3AX0uM6zX41CzIrlMO/pagina.html|access-date=5 January 2014
|location=Rome|language=it}}{{cite news|title=Addio a Luigi Spaventa, economista che sfidò Berlusconi|language=it
|url=http://www.huffingtonpost.it/2013/01/06/addio-a-luigi-spaventa_n_2421196.html|access-date=5 January 2014|work=L'Huffington Post|date=6 January 2013}}
References
{{Reflist}}
External links
- {{Commons-inline}}
{{Ciampi Cabinet}}
{{Authority control}}
{{DEFAULTSORT:Spaventa, Luigi}}
Category:20th-century Italian economists
Category:20th-century Italian journalists
Category:Deputies of Legislature VII of Italy
Category:Deputies of Legislature VIII of Italy
Category:Government ministers of Italy
Category:Independent Left (Italy) politicians
Category:Politicians from Rome
Category:Sapienza University of Rome alumni
Category:Academic staff of the Sapienza University of Rome