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In Search of Good Economics. A note on Luigi Lodovico Pasinetti, «Keynes and the Cambridge Keynesians»

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  • Andrea Villani

    (Dipartimento di Economia Internazionale, delle Istituzioni e dello Sviluppo, Universita' degli Studi del Sacro Cuore, Milano)

Abstract

This paper analyses Luigi Pasinetti’s evaluation of the meaning, importance and outcomes of the Keynesian revolution and the role played by the most important of the Cambridge Keynesians; it also considers the results of his attempt to complete John Maynard Keynes’ and Piero Sraffa’s elaboration, introducing the idea of a «natural economic system». In particular some of Pasinetti’s theories concerning the role of economics together with the other social sciences in leading to an understanding of production and distribution in industrial and post-industrial society, and in establishing scientific policy guidelines, are discussed.

Suggested Citation

  • Andrea Villani, 2010. "In Search of Good Economics. A note on Luigi Lodovico Pasinetti, «Keynes and the Cambridge Keynesians»," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 118(4), pages 475-496.
  • Handle: RePEc:vep:journl:y:2010:v:118:i:4:p:475-496
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    Keywords

    Distribution and development; criteria of rationality in social choices; separation theorem; third way;

    JEL classification:

    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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