1,722,942 research outputs found
"Economics in a Different Key." INET Interviews Luigi Pasinetti
No full textProfessors Nadia Garbellini and Thomas Ferguson interviewed Luigi Pasinetti on behalf of INET on his lifelong work in economics focusing on many aspects from the long controversy during the 60’s and 70’s on Capital Theory, to growth and income distribution, multi-sectoral economic models, international trade etc.
The interviews are preceded by a detailed introduction by T. Ferguson
“Luigi Pasinetti on Disrupting Neoclassical Hegemony in Economics”, interview by Emiliano Brancaccio and Nadia Garbellini
No full textLuigi Pasinetti reflects on the rise of neoclassical economics, the post-2008 surge of interest in non-mainstream, heterodox thought, and how young economists can remain independent in the face of biased evaluation system
Reply to Criticisms" in "Round Table on Luigi Pasinetti's book: Keynes and the Cambridge Keynesians - a 'revolution in economics' to be accomplished
No full textTable of contents of the Round Table: Table of Content -
Giovanni Conso
Welcome Address,
Terenzio Cozzi
Introduction and hints for discussion,
William J. Baumol
Lecture in appreciation of Luigi Pasinetti’s book,
Robert M. Solow
On Pasinetti and the Unfinished Keynesian Revolution,
Mauro Baranzini
A Note on Income and Wealth Distribution,
Pier Luigi Porta
The Cambridge Keynesians and the Italian Tradition of Political Economy,
Roberto Scazzieri
In Search of a “Unifying Overall Frame”,
Pierluigi Ciocca
Openness to History in Pasinetti’s Work,
Giuseppe Bertola
Keynes and the Cambridge Keynesians: An incomplete revolution?,
Luigi L. Pasinetti
Reply to criticisms,
Alberto Quadrio Curzio
Final Comments
“Luigi Pasinetti sulla valutazione della ricerca in economia: «Le situazioni scandalose non possono persistere all’infinito» ”, intervista di Emiliano Brancaccio e Nadia Garbellini
No full textIl settore dell’Economia è tra quelli in cui più chiaramente si avvertono le contraddizioni e i limiti dei sistemi di valutazione della ricerca accademica in Italia. Una scienza economica ancora fragile, che per evolvere necessiterebbe di apertura, pluralismo e confronto tra i diversi approcci, è oggi condizionata nel suo sviluppo da criteri di valutazione e di selezione delle leve accademiche in larga misura arbitrari e schiacciati su un unico paradigma, benché questo sia sottoposto a crescenti obiezioni epistemologiche, teoriche ed empiriche. Il parere in materia di Luigi Pasinetti uno dei massimi esponenti mondiali del pensiero economico critico, intervistato da Emiliano Brancaccio e Nadia Garbellini
Conditions of Existence of a Two Class Economy in the Kaldor and More General Models of Growth and Income Distribution
No full textThe Author considers the vexed question of whether it is meaningful, or logically consistent, to assume different savings propensities for profits and wages, independently of whether the savers are capitalists or workers. The Author claims, however, that the analytical issues must be clarified first of all. Therefore he explores the conditions of existence of a two-class (capitalists and workers) economy when the rate of interest i is lower than (or at most equal to) the rate of profit r, and the savings function is expressed by the general form: S=swwW + swc Pw + scPc. It is shown that, at one extreme, when swc = sc , the savings function reduces to the one originally used by Kaldor, and if also i = r, no equilibrium path exists. At the other extreme, when swc =sww , the savings function reduces to the one originally used by Pasinetti and the range of existence are defined in terms of inequalities involving the parameters of the system
Pasinetti Correspondence
Full text linkThis collection includes correspondences with Luigi Pasinetti, including:
Letter to Shaikh thanking him for sending a copy of his paper on Marx\u27s theory and the transformation problem (May 2, 1975)
Letter encouraging Shaikh not to be overburdened by teaching and to continue research (July 29, 1974)
Letter commenting on Shaikh\u27s Humbug production function paper (May 31, 1974)
Letter thanking Shaikh for comments on Pasinetti\u27s lectures (June 11, 1972)
Letter encouraging Shaikh to publish his Humbug paper in Review of Economics and Statistics (May 5, 1972)
Letter to Pasinetti regarding his Humbug paper and lecture notes (May 30, 1972)
Letter to Shaikh regarding his Humbug and Marx papers (February 6, 1973)
Comments on Shaikh\u27s paper on Marx (December 13, 1975)
Additional comments on Shaikh\u27s papers (May 5, 1972
Analisi delle interdipendenze industriali, parte I di: Lezioni di Econometria
No full textIl professor Alberto Quadrio Curzio ha raccolto i suoi appunti delle lezioni di Econometria date dal Professor Luigi L. Pasinetti usate in seguito per una circolazione limitata.
Gli argomenti in questi appunti vengono sviluppati ulteriormente da L. Pasinetti in Lezioni di teoria della produzione, Bologna: il Mulino, 1975
The Notion of Vertical Integration in Economic Analysis
No full textThe Notion of Vertical Integration in Economic Analysis (1973)
The Author constructs a model for vertically integrated sectors in the general case, within a new theoretical approach. First, commodities are measured in terms of physical units; then an alternative physical unit of measurement for capital goods is introduced. This is in terms of units of productive capacity.
The Author begins with an analysis of an economic system in which all commodities are produced by means of commodities and are used as capital goods. Production is considered first with circulating capital goods only and then with fixed capital goods. Concerning the production of fixed capital goods, the assumption is made that each industry produces only one good. Quantities are directly observable and directly quantifiable. Each commodity resolves itself into wages and profits. The Author shows that each price is ultimately made up of wages and profits through labour coefficients. If the wage rate itself is used as the numeraire of the price system, all prices come to be expressed in terms of the wage rate (i.e. in terms of labour commanded). The Author then develops the same model within vertically integrated sectors of a higher order. A more specific definition of industry is given, generalizations and restrictions are discussed along with the role of technical progress. The new theoretical approach is shown to introduce dramatically new possibilities for dynamic analysis.
Reprinted in: L. Pasinetti (ed.), Essays on the Theory of Joint Production, London: Macmillan; and New York: Columbia University Press, 1980, pp.16-43.
Italian translation: "La nozione di settore verticalmente integrato nell'analisi economica", in: L. Pasinetti (ed.), Contributi alla teoria della produzione congiunta, Bologna: Il Mulino, 1977, pp.37-74
La teoria del valore: introduzione
No full textBreve introduzione di L.L. Pasinetti al volume: Aspetti Controversi della Teoria del Valore
A Note on Richard Stone’s paper on Changes in Productivity
No full textThe author’s Note concerns a paper by Richard Stone which was published posthumously. Stone's paper had been circulated for discussion with the title of 'Growth Project Paper No 20' at the Cambridge Department of Applied Economics that made reference to an article written by L. Pasinetti while at Harvard: On concepts and measures of changes in productivity (LLP 1959), which proposed an alternative approach to measuring the magnitude, and biassness, of technical change
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