Luigi Pasinetti and Philosophy: Economic Science and Moral Knowledge

Francesco Totaro ()
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Francesco Totaro: Università di Macerata. Past President of Scientific Committee of Fondazione Centro Studi Filosofici di Gallarate, Roma

Rivista Internazionale di Scienze Sociali, 2025, vol. 133, issue 2, 239-250

Abstract: Building on Keynes, Pasinetti develops a dynamic economic theory grounded in normative goals such as full employment, universal access to goods, and distributive justice. His approach recognizes the importance of institutions that go beyond market self-regulation, seeking creative ways to balance efficiency with solidarity. Influenced by a personalist philosophy, Pasinetti argues that labor should not be treated as a mere commodity but rewarded according to each individual’s contribution to the national product – conceived as a common good. His paradigm integrates ethical insights, particularly from the Social Doctrine of the Catholic Church, to reinforce community-oriented economic relations. Pasinetti thus combines moral vision with scientific rigor, highlighting capitalism’s structural failure to generate equality and sustainable development on its own.

Keywords: natural economy; institutions; philosophy of person; labour-work; efficiency; solidarity; equality (search for similar items in EconPapers)
JEL-codes: B24 B31 B41 (search for similar items in EconPapers)
Date: 2025
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