Template-Type: ReDIF-Article 1.0
Author-Name: Mario Pomini
Author-Email:
Author-Workplace-Name: Università di Padova - Dipartimento di Scienze Economiche
Title: Equilibrio dinamico ed aspettative in Giulio La Volpe 
(Expectations and dynamic equilibrium in Giulio La Volpe's thought)
Abstract: Giulio la Volpe (1909-1996) can be recognized with Giuseppe Palomba as the most important exponent
of the Paretian school in Italy. Having graduated in 1930, at the age of only thirty he published
probably the most important treatment of this topic, Studies on the theory of general dynamic economic
equilibrium (1936), a long and technical essay in which he sought to elaborate the Paretian framework
in dynamic terms. La Volpe acknowledged the importance of expectations, as suggested by the then
international debate on this topic, but stated the perfect rationality of foresights. Variational calculus
was the main mathematical instrument advanced to put forward formal dynamic models.
In the post-war years, La Volpe turned his attention to topics other than the construction of dynamic
general equilibrium. He concerned himself with welfare economics following the sociological
framework of de Pietri-Tonelli. His interest in the relation between static and dynamic economics
never diminished, although he abandoned the theoretical perspective adopted in Studies in favour of
more empirical analysis
Classification-JEL: 
Keywords: Giulio La Volpe; equilibrio temporaneo; condizione di trasversalità, equilibrio generale dinamico 
(Giulio La Volpe; temporary equilibrium; transversality condition; general equilibrium dynamics)
Journal: Il Pensiero Economico Italiano
Pages: 73-91
Volume: 17
Issue: 1
Year: 2009
File-URL: http://www.libraweb.net/articoli.php?chiave=200906301&rivista=63
Handle: RePEc:pei:journl:v:17:y:2009:1:4:p:73-91