Log In

Luigi G. Zingales Edit Profile

economist , university professor

Luigi G. Zingales, Italian finance educator. Recipient Brattle prize, 2000, Bernacer prize, 2003, Nasdaq award for best paper in capital formation, 2002; grantee Economics grantee, National Science Foundation, 1995-1997. Fellow: European Corporation Governance Institute.

Background

Zingales, Luigi G. was born on February 8, 1963 in Padova, Italy. Arrived in the United States, 1988.

Education

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.

Career

Zingales received a bachelor's degree in economics, from Bocconi University in Milan. 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. 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.

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

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

Achievements

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

Works

Views

Saving Capitalism from the Capitalists (2003) is a study of "relationship capitalism". 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'.".

Membership

[American Academy of Arts and Sciences]Zingales also serves as a member of the Committee on Capital Markets Regulation.

Connections

Children: Giueseppe, Gloria.

children:
Giueseppe Zingales

Gloria Zingales