Il contributo di La Volpe alla teoria dinamica dell’economia
The paper presents the dynamic theory proposed by La Volpe in 1936. This analysis has been innovative in many ways: general equilibrium is defined as temporary, the presence and the role of expectations are introduced, the intertemporal choice of the agents is determined in such a way as to anticipate the life-cycle theory, and some important problems that emerge in the dynamic analysis are addressed. The relevance of La Volpe’s book led Michio Morishima to publish its English translation.
Keywords: Intertemporal choice • Expectations • Life-cycle theory • Dynamic theory • Temporary equilibrium