Pasinetti’s Main Research Lines. On Productivity Changes and on Ricardo

Mauro L. Baranzini and Amalia Mirante
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Mauro L. Baranzini: University of Lugano
Amalia Mirante: University of Applied Sciences of Southern Switzerland and University of Lugano

Chapter 5 in Luigi L. Pasinetti: An Intellectual Biography, 2018, pp 115-130 from Palgrave Macmillan

Abstract: Abstract Baranzini and Mirante maintain that by taking into account the whole of his activity, Pasinetti’s scientific contribution may be divided into nine, strongly inter-related, strands. They are on: (1) the measurement of technical progress; (2) Ricardo; (3) income distribution and profit determination; (4) capital theory; (5) structural economic dynamics and vertical integration; (6) pure labour theory of value; (7) natural versus institutional relations; (8) stylized facts and resource scarcity; (9) the roots of the recent financial crises and the Modigliani-Miller Theorem. In this chapter Baranzini and Mirante expound in detail the first ‘Two-Cambridges controversy’ on the measurement of productivity changes (which saw Pasinetti fiercely debating with Bob Solow back in 1959), and the seminal contribution by Pasinetti on ‘Ricardo and classical political economy’.

Date: 2018
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DOI: 10.1007/978-3-319-71072-3_5

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