Luigi Pasinetti and the Political Economy of Growth and Distribution

23 Pages Posted: 30 Apr 2016

See all articles by Joseph Halevi

Joseph Halevi

The University of Sydney - Department of Political Economy; International University College (IUC) of Turin

Date Written: April 1, 2016

Abstract

Luigi Pasinetti’s work has deeply affected modern economic theory. His papers on the Cambridge Capital Controversy are world renowned. But he has made many other contributions to the economic debates of the last half century, offering not only detailed criticisms of mainstream economic theory, but also the elaboration of an alternative, more complete, and coherent framework for understanding growth and income distribution, structural change, and trade relations. He has also made notable contributions to discussions of economic policy. Pasinetti’s papers are very clearly written, but many are formidably technical and often build cumulatively on his previous work. This paper provides a careful and synthetic overview of his contributions as well as a reconstruction of Pasinetti’s philosophical approach to economics as a science meant to serve humanity.

Keywords: Luigi Pasinetti, Capital Controversy, Piero Sraffa, Classical Economics, Vertical Integration, Theory of Value and Prices, Structural Dynamics, Trade, Growth, Crises, Maastricht Criteria

JEL Classification: B31, B4, B5, C6, E1, F1

Suggested Citation

Halevi, Joseph, Luigi Pasinetti and the Political Economy of Growth and Distribution (April 1, 2016). Institute for New Economic Thinking Working Paper Series No. 40, Available at SSRN: https://ssrn.com/abstract=2772130 or http://dx.doi.org/10.2139/ssrn.2772130

Joseph Halevi (Contact Author)

The University of Sydney - Department of Political Economy ( email )

Merewether Building (H04)
Sydney, 2006
Australia

International University College (IUC) of Turin ( email )

Piazza Carlo Felice, 18
Torino, 10121
Italy

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
603
Abstract Views
4,276
rank
53,642
PlumX Metrics