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Measuring Wellbeing


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About the Author

Giovanni Vecchi is a Professor of Economics at the University of Rome "Tor Vergata". He specializes in the theory, measurement and history of welfare, as well as economic history. His scholarly articles have appeared in a number of international, peer-reviewed journals. He is a regular consultant to the World Bank on issues related to the measurement of poverty and inequality. He is President of the Italian Economic History Association (Associazione per la Storia Economica) and co-editor of the Rivista di Storia Economica.


This is an important book for Italians, and it makes a remarkable contribution to the description of the long-term evolution of standards of living in Italy. * Marc Fleurbaey, Robert E. Kuenne, Professor in Economics and Humanistic Studies, Professor of Public Affairs and the University Center for Human Values *
This amazing and novel book on Italian inequality, poverty, and living standards since unification has no competitor. Certainly not in English, which is used here with great elegance. And perhaps not even in the whole EU. Anyone involved in policy debate over inequality and poverty in modern Italy and the EU must read this book about origins. * Jeffrey G. Williamson, Laird Bell, Professor of Economics, emeritus, Harvard University and Honorary Fellow, Department of Economics, University of Wisconsin *
A fascinating economic history of how Italian living standards have evolved over 150 years emerges from this studys painstaking work assembling and harmonizing historical data on household budgets, in combination with modern surveys and other data. Long-run social progress is evident, but so are the challenges for the future. I look forward to seeing further work from this project. * Martin Ravallion, Georgetown University and author of The Economics of Poverty: History, Measurement, and Policy *
In this pioneering book, Giovanni Vecchi traces welfare, inequality and poverty of Italy from its reunification to today. Very few countries may boast of such a panoramic view of their economic history, as Italy can, thanks to Vecchi's work. His methodological innovation, the use of historical household budgetsmonthly or weekly expenses written down by thousands of familiesto study the evolution of living standards enables us to learn about the lives of the previous generations more than we ever expected. We are thus, through Vecchi's approach, rediscovering own economic history. * Branko Milanovic, Graduate Center, City University of New York, and author of Global Inequality *

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