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

Andrea Villani
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Andrea Villani: Dipartimento di Economia Internazionale, delle Istituzioni e dello Sviluppo, Universita' degli Studi del Sacro Cuore, Milano

Rivista Internazionale di Scienze Sociali, 2010, vol. 118, issue 4, 475-496

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.

Keywords: Distribution and development; criteria of rationality in social choices; separation theorem; third way (search for similar items in EconPapers)
JEL-codes: B29 B41 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:vep:journl:y:2010:v:118:i:4:p:475-496

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