GIOIA, Melchiorre.
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Nuovo prospetto delle scienze economiche First edition of this monumental essay on political economy. A proponent of protectionism and state intervention, Gioia criticises Smith's laissez-faire approach, advocating instead for a restrictive economic policy where the state plays a pivotal role as a regulatory authority in the industrial sector.Nuovo prospetto is a systematic analysis of economic principles in which Gioia condenses and compares the theories of both Italian and international economists who preceded him. The extensive use of classifications and tables (including large fold-out plates) provides a comprehensive overview of both theoretical concepts and their practical applications. The six volumes deal with the production, distribution, and consumption of wealth, the government's action on production, the current status of scientific knowledge related to economics, and the application of economic theories to fund estimation. Gioia's chief contribution to economic theory was his principle of the association and division of work, presented in the first volume. "The principle of the association of work states that the cooperation of qualitatively equal kinds of labour increases efficiency in production. Cooperation has considerable advantages even if it is not associated with the division of labour (i.e. the association of qualitatively different kinds of labour). As to the nature and the advantages of the division, Gioia differentiates himself from Smith on two point
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