The dynamic general equilibrium in the Italian Paretian School

Mario Pomini and Gianfranco Tusset ()
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Gianfranco Tusset: University of Padua

No 69, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"

Abstract: The 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.

Keywords: general economic equilibrium; economic dynamics; Pareto (search for similar items in EconPapers)
JEL-codes: B31 D50 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pad:wpaper:0069

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