Template-Type: ReDIF-Article 1.0
Author-Name: Gianfranco Tusset
Author-Email:
Author-Workplace-Name: Università di Padova - Dipartimento di Scienze Economiche «Marco Fanno»
Title: Money and Interest in an Atypical Neoclassical Economist: Gustavo Del Vecchio 
Abstract: Gustavo Del Vecchio has been esteemed as a follower or, better, an innovator of Walras’s statements incorporating money in a general equilibrium framework. 
However, although the static monetary theory he proposed in 1909 represents the most appreciated section of his work, his less known dynamic monetary theory is worthy of attention. 
The latter emphasises the role of the interest rate in determining the stock of circulating goods and services and, consequently, the demand for money. 
Moreover, by trying to explain the monetary service on such a basis, Del Vecchio finally introduces uncertainty and expectations in his monetary analysis.
Classification-JEL: B13, B31, E41, E43
Keywords: Gustavo Del Vecchio; monetary theory; rate of interest (Gustavo Del Vecchio; teoria monetaria; tasso di interesse)
Journal: Il Pensiero Economico Italiano
Pages: 99-112
Volume: 12
Issue: 1
Year: 2004
File-URL: http://www.libraweb.net/articoli.php?chiave=200406301&rivista=63
Handle: RePEc:pei:journl:v:12:y:2004:1:6:p:99-112