Lombard Enlightenment and Classical Political Economy

This paper discusses the formative steps of 'Classical' Political Economy under the joint influence of the Italian and Scottish Enlightenment. Pietro Verri is a leading figure of the Italian Enlightenment and he belongs to the Lombard branch of the Italian School of Political Economy (sometimes named 'School of Milan') during the latter half of the eighteenth century. Schumpeter's treatment of the 'School of Milan' describes Pietro Verri as 'the most important pre-Smithian authority on Cheapness-and-Plenty'. A careful canvass of the texts substantiates Schumpeter's suggestion. Verri stands out as a key figure in the transition from Physiocracy to the Smithian system.