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Pasinetti's structural economic dynamics

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  • Cozzi, Terenzio

Abstract

The paper elaborates on the complexity of Pasinetti's structural dynamics with particular reference to natural full employment growth. The movement of an actual economic system towards the path of natural growth may require institutional changes. A few examples are provided for the changes required to revive an economic system fallen in deep depression. It is argued that those changes may concern not only economic institutions but also political, sociological, and bureaucratic organisations. The analysis, which also involves historical considerations, gains in realism, and directs attention to the possible paths in the medium run.

Suggested Citation

  • Cozzi, Terenzio, 2022. "Pasinetti's structural economic dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 444-449.
    • Handle: RePEc:eee:streco:v:61:y:2022:i:c:p:444-449
    DOI: 10.1016/j.strueco.2021.12.006
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    References listed on IDEAS

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    1. Pasinetti,Luigi L., 2007. "Keynes and the Cambridge Keynesians," Cambridge Books, Cambridge University Press, number 9780521872270.
    2. Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, vol. 22(4), pages 217-224, Fall.
    3. Pasinetti,Luigi, 1993. "Structural Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521432825.
    4. Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 235-242, Spring.
    5. Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, vol. 22(3), pages 223-230, Summer.
    6. Timothy Taylor, 2008. "Recommendations for Further Reading," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 235-242, Winter.
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