Professor Forsyth provides an important new interpretation of the crisis of democracy in Italy after World War I. He argues that liberal governments after 1918 failed to balance the conflicting claims of great power conflicts, social welfare, economic growth, and macroeconomic stability in a harsh economic environment. Postwar liberal leaders put stability ahead of the redistributive social policies that would have been necessary to secure broad electoral support: this failure led to parliamentary deadlock and Mussolini's seizure of power.
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"...a wealth of information on monetary and fiscal developments..." Journal of Modern History
"The author bases his analysis on extensive archival research, not only in Italy, but also in France, Britain, and the United States. ...it makes a valuable contribution to our understanding of the post-war crisis in Italy." The International History Review
"...he marshals his copious evidence well and makes a compelling case, and his book must be adjudged an important and original reevaluation." American Historical Review
"...[a] meticulously researched study of Italy's public finances during the final years of liberation....Forsyth uses a wealth of archival and secondary sources....Forsyth's study is impressively researched, well organized and clearly written." Times Literary Supplement
"Forsyth's study is impressively researched, well organized and clearly written." Christopher Duggan, Times Literary Supplement
"Forsyth gives the reader a good glimpse into the inconsistencies of the Italian tax system with its inaccurate assessment for direct taxes and its little progressivity and equity especially on the implementation front, a problem that still exists today." Giuseppe Ammendola, Italian Journal
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