Pasinetti's ‘Structural Change and Economic Growth’: A Conceptual Excursus
Year: 2014
Type: article
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.
Source: Review of Political Economy
Authors: Nadia Garbellini, Ariel Luis Wirkierman
Institutions: University of Bergamo, Università Cattolica del Sacro Cuore
Language: English
Topic: Economic Theory and Policy
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2086414568