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;
2014-01-01
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.File allegato/i alla scheda:
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