Luigi Pasinetti and the Political Economy of Growth and Distribution

Joseph Halevi ()
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Joseph Halevi: International University College of Turin

No 40, Working Papers Series from Institute for New Economic Thinking

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.

Keywords: Luigi Pasinetti; Capital Controversy; Piero Sraffa; Classical Economics; Vertical Integration; Theory of Value and Prices; Structural Dynamics; Trade; Growth; Crises; Maastricht Criteria. (search for similar items in EconPapers)
JEL-codes: B31 B4 B5 C6 E1 F1 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2016-04
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe, nep-mac and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:thk:wpaper:40

DOI: 10.2139/ssrn.2772130

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