La dinamica dello sviluppo economico nell'approccio di Amoroso

The formulation of a complete theory of economic dynamics was one of the tasks left to fu-ture generations by the first generation of marginalist economists. Among those who took up the challenge in Italy, Amoroso deserves pride of place: he was considered a pioneer, both in terms of his analytical techniques and for certain interpretations he offered during the golden days of dynamic theory in the 1950s and 1960s. The orthodox doctrine of economic equilibrium hinges on the assumption that equilib-rium is reached instantly, and that once it has been reached it endures indefinitely, on condition that the underlying conditions remain constant over time. Amoroso endeavoured to arrive at a dynamic theory of equilibrium, based on the reciprocal actions and reactions in the industrial, trade and banking sectors. Forces tend to evolve, generating opposing trends, and the dynamics in an economy are thus the result of reciprocal actions and reactions in the three sectors. Amor-oso’s conception was grounded in corporative economics, and this induced him to emphasise state intervention. However he failed to include the latter as a corrective measure with which to counteract cyclical dysfunctions in the economy. It was not until the advent of Keynesian deficit spending that certain anomalies would be overcome.