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.
| Lingua originale | English |
|---|---|
| pagine (da-a) | 234-257 |
| Numero di pagine | 24 |
| Rivista | Review of Political Economy |
| Volume | 26 |
| DOI | |
| Stato di pubblicazione | Pubblicato - 2014 |
| Pubblicato esternamente | Sì |
Keywords
- Vertically (hyper-)integrated sectors, functional income distribution, natural rates of profit, natural economic system, pure labour theory of value
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