The Italian Economy in the Immediate Post-War Period

Abstract

Progressive capitalist economies expand […] thanks to the combined effect of population growth,technical progress in production and the general public’s propensity to save; and thanks to the intervention of enterprises. The first three factors create the necessary conditions for new investments,which are essential for the expansion of the economy,to take place; that is,they determine the extent and rhythm of the potential expansion of investments. Enterprises transform the latter into actual expansion, by making the new investments which gradually become sufficiently profitable,thanks to the potential expansion.