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Giuseppe Palomba, second-generation member of the Italian Paretian School, devoted his scientific activity to devise an original axiomatic framework for economic dynamics, primarily designed to address economic change. The framework consists in a sequence of axiomatic layers (each one representing an economic phenomenon), where the subsequent layer mathematically encompasses the preceding one as special case. This paper proposes to interpret Palomba’s framework through the lens of the methodological notion of ‘structural realism’, whose importance for economics has been emphasized by Ross (2008). The objective of this paper is that of assessing Palomba's intellectual contribution by identifying it as an instance of proto-structural realism.

Italian Paretian school; Pan-marginalism; Invariances; Structuralism; Realism