I libri di Ca’ Foscari

Series | I libri di Ca’ Foscari
Edited book | Eccellenze cafoscarine nella storia del Dipartimento di Economia
Chapter | Il contributo di La Volpe alla teoria dinamica dell’economia

Il contributo di La Volpe alla teoria dinamica dell’economia

Abstract

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 inter-temporal 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.


Open access

Submitted: June 20, 2022 | Published Nov. 14, 2022 | Language: it

Keywords Inter-temporal choiceDynamic theoryExpectationsTemporary equilibriumLife-cycle theory


read this chapter