From the effective demand as a principle to the ownership of the capital as social responsibility. Rereading Luigi Pasinetti
Stefano Lucarelli
PSL Quarterly Review, 2023, vol. 76, issue 307, 353-371
Abstract:
This paper tries to highlight some essential elements that emerge from Luigi Pasinetti's work. Much of the research project that Pasinetti developed, especially in the 1981 book, was already present in nuce in the 1974 collection of essays. Here the theory of effective demand is presented for the first time, emphasizing the essential differences between sequential and simultaneous economic reasoning. The relevance of structural change is already apparent, and will be explored in a multisectoral scheme only in the 1981 book. The main insights that can be drawn from Pasinetti's reflections on open economic systems and his ethical stance suggest that ownership of the means of production not only confers rights but it also imposes responsibilities on the community.
Keywords: Effective demand; Pasinetti; capital; structural change; social responsibility (search for similar items in EconPapers)
JEL-codes: A23 B32 B50 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/18240/17123 (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:psl:pslqrr:2023:43
Ordering information: This journal article can be ordered from
http://www.pslquarterlyreview.info
Access Statistics for this article
PSL Quarterly Review is currently edited by Alessandro Roncaglia and Carlo D'Ippoliti
More articles in PSL Quarterly Review from Economia civile
Bibliographic data for series maintained by Carlo D'Ippoliti ().