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.
Pasinetti's "Structural change and economic growth": a conceptual excursus / Garbellini, Nadia; Wirkierman, ARIEL LUIS. - In: REVIEW OF POLITICAL ECONOMY. - ISSN 0953-8259. - 26:2(2014), pp. 234-257. [10.1080/09538259.2014.881671]
Pasinetti's "Structural change and economic growth": a conceptual excursus
GARBELLINI, Nadia;
2014
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.Pubblicazioni consigliate
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