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The dynamic general equilibrium in the Italian Paretian School

Author

Listed:
  • Mario Pomini

    (University of Padua)

  • Gianfranco Tusset

    (University of Padua)

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.

Suggested Citation

  • Mario Pomini & Gianfranco Tusset, 2008. "The dynamic general equilibrium in the Italian Paretian School," "Marco Fanno" Working Papers 0069, Dipartimento di Scienze Economiche "Marco Fanno".
    • Handle: RePEc:pad:wpaper:0069
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    More about this item

    Keywords

    general economic equilibrium; economic dynamics; Pareto;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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