Pasinetti's 'Structural Change and Economic Growth': A Conceptual Excursus

Nadia Garbellini and Ariel Wirkierman

Review of Political Economy, 2014, vol. 26, issue 2, 234-257

Abstract: A clear and organic exposition of Pasinetti's theoretical framework of Structural Change and Economic Growth has been prevented by misunderstandings and ambiguities concerning basic categories and terminology. The pre-institutional character of the approach, the nature of its equilibrium paths and the significance-and normative character-of the 'natural' economic system are some of the most controversial issues. The aim of this article is to present a conceptual excursus of the model to establish a solid foundation for fruitful discussions to be held with other Classical approaches.

Date: 2014
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Working Paper: Pasinetti’s Structural Change and Economic Growth: a conceptual excursus (2010)
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DOI: 10.1080/09538259.2014.881671

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