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Luigi Pasinetti and the Political Economy of Growth and Distribution

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  • Joseph Halevi

    (International University College of Turin)

Abstract

Luigi Pasinetti’s work has deeply affected modern economic theory. His papers on the Cambridge Capital Controversy are world renowned. But he has made many other contributions to the economic debates of the last half century, offering not only detailed criticisms of mainstream economic theory, but also the elaboration of an alternative, more complete, and coherent framework for understanding growth and income distribution, structural change, and trade relations. He has also made notable contributions to discussions of economic policy. Pasinetti’s papers are very clearly written, but many are formidably technical and often build cumulatively on his previous work. This paper provides a careful and synthetic overview of his contributions as well as a reconstruction of Pasinetti’s philosophical approach to economics as a science meant to serve humanity.

Suggested Citation

  • Joseph Halevi, 2016. "Luigi Pasinetti and the Political Economy of Growth and Distribution," Working Papers Series 40, Institute for New Economic Thinking.
    • Handle: RePEc:thk:wpaper:40
    DOI: 10.2139/ssrn.2772130
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    References listed on IDEAS

    as
    1. Jesus Felipe & John S.L. McCombie, 2013. "The Aggregate Production Function and the Measurement of Technical Change," Books, Edward Elgar Publishing, number 1975.
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    More about this item

    Keywords

    Luigi Pasinetti; Capital Controversy; Piero Sraffa; Classical Economics; Vertical Integration; Theory of Value and Prices; Structural Dynamics; Trade; Growth; Crises; Maastricht Criteria.;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • F1 - International Economics - - Trade

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