The Economic Dynamics in Amoroso's Contribution
AbstractThis paper aims to highlight the main features of Amoroso's reflections on macroeconomic dynamics to which he dedicated a large part of his scientific activity. He developed an original theory of business cycle and he formulated a dynamic generalisation of the Paretian theory of general economic equilibrium which can be considered the main achievement of dynamic macroeconomics due to its ability to extend the analysis of optimising behaviour to an intertemporal context of resource allocation. The influence of Amoroso was modest despite its undoubted analytical capacity, probably because it was too faithful to a Paretian vision of economic relations and at epistemological level too closely connected to the models of nineteenth century physics which he tried to economic reasoning
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Bibliographic InfoPaper provided by University of Verona, Department of Economics in its series Working Papers with number 32.
Date of creation: Jan 2006
Date of revision:
Publication status: Published in Il Pensiero Economico Moderno (La dinamica dello sviluppo economico nell'approccio di Amoroso)
business cycles; growth; dynamic theory;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-05-20 (All new papers)
- NEP-DGE-2006-05-20 (Dynamic General Equilibrium)
- NEP-HPE-2006-05-20 (History & Philosophy of Economics)
- NEP-MAC-2006-05-20 (Macroeconomics)
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