A New Theoretical Approach to the Problems of Economic Growth

Luigi Lodovico Pasinetti, DI ECONOMIA FACOLTA'

Risultato della ricerca: Contributo in libroChapter

Abstract

This paper was presented at a "Study Week" of the Pontifical Academy of Sciences in October 1963 and it contains for the first time the publication of chapters I to VI of LLP’s PhD dissertation that had just been presented at the University of Cambridge, England. When this paper was delivered at the “Vatican Conference”, it stimulated very interesting and long discussions by the eminent economists who had been invited to the "Study Week", in particular by Mahalanobis, Dorfman, Koopmans, Allais, and Ragnar Frisch (whose contribution remained unpublished).
Lingua originaleEnglish
Titolo della pubblicazione ospiteProceedings of a Study Week on The Econometric Approach to Development Planning
Pagine571-696
Numero di pagine126
Stato di pubblicazionePubblicato - 1965

Keywords

  • Economic analysis
  • a general multi-sector dynamic model
  • conditions for dynamic equilibrium when returns to scale are not constant
  • conditions for equilibrium with population growth and constant returns to scale
  • criticism of the von Neumann type of Dynamic models
  • dynamic analysis in terms of vertically integrated sectors
  • necessary condition of full employment
  • production by means of labour alone
  • production by means of labour and capital
  • pure production model
  • relation of sectoral dynamic analysis to input-output analysis
  • scarsity vs learning
  • structure of prices
  • technical change and related problems
  • the flows of commodities and of labour services

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