The dynamic general equilibrium in the Italian Paretian School
AbstractThe paper examines the theoretical contributions of two eminent representatives of the Italian Paretian School, namely Luigi Amoroso and Giulio La Volpe. Both contributed to the most ambitious project undertaken by the Paretian School, that is, dynamization of the general economic equilibrium. This research programme was grounded on two pillars. The first concerned the use of then sophisticated mathematical instruments, such as functional, differential equations, and the calculus of variations. The second pillar involved maintenance of a strict analogy with physics and mechanics. But whilst Amoroso mainly used a theory based on the past, La Volpe founded his proposal on the future.
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Bibliographic InfoPaper provided by Dipartimento di Scienze Economiche "Marco Fanno" in its series "Marco Fanno" Working Papers with number 0069.
Length: 26 pages
Date of creation: 2008
Date of revision:
general economic equilibrium; economic dynamics; Pareto;
Find related papers by JEL classification:
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-04-04 (All new papers)
- NEP-DGE-2008-04-04 (Dynamic General Equilibrium)
- NEP-EDU-2008-04-04 (Education)
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