Pietro Verri Biography
By birth an Italian, he belonged to an extremely conservative and dignified family of Milan. He had customary religious education and was a partaker of the Seven Year Wars. He joined it to get away from the ceremonial studies which his father was to devise, further. However he left it within one year.
With the joint work of his brother Alessandro Verri, he started publishing 'The Café House' which became pivotal substance to enlighten Milan. Around 1764, his entry in the Politics brought in illustrious changes in the reforms. He proposed the abolition of the exaction of taxes through intermediates. Verri published a notable work, Elements of Commerce for the liberalism in commerce.
His next work was Meditations on Economic Politics, 1771 where he enunciated the law of Supply and Demand and he explained the role of money as "Universal Good". He was a precursor of both Adam Smith and marginalism.
He proved methods to achieve symmetry by GDP adjustments rather than by exchange rate adjustments. He later devoted himself into philosophy and wrote Discourse on Pleasure and Pain, 1777 where he frazzled on the futility of cruelty and torment. He was elected as a foreign member of the Royal Swedish Academy of the Sciences, in 1786. Later he died in Milan.
