IDEAS home Printed from https://ideas.repec.org/a/oup/cambje/v37y2013i6p1431-1435.html
   My bibliography  Save this article

Note: Pasinetti's counter–factual hypotheses

Author

Listed:
  • J. E. Woods

Abstract

In a recent article in this journal, Luigi L. Pasinetti not only reminded us of the role played by the Modigliani–Miller (MM) theorem in the current crisis but also provided a critique based on examining its underlying assumptions. In this note, I extend his critique as it applies to one component of the theorem—namely, the dividend invariance proposition—by demonstrating that its conclusions cannot follow from its assumptions. There has been a 'logical slip'. Copyright , Oxford University Press.

Suggested Citation

  • J. E. Woods, 2013. "Note: Pasinetti's counter–factual hypotheses," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 37(6), pages 1431-1435.
    • Handle: RePEc:oup:cambje:v:37:y:2013:i:6:p:1431-1435
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/cje/bet053
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Javier López Bernardo & Engelbert Stockhammer & Félix López Martínez, 2016. "A post Keynesian theory for Tobin’s in a stock-flow consistent framework," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 39(2), pages 256-285, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:37:y:2013:i:6:p:1431-1435. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/cje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.