In Search of Good Economics. A note on Luigi Lodovico Pasinetti, «Keynes and the Cambridge Keynesians»

Name: In Search of Good Economics. A note on Luigi Lodovico Pasinetti, «Keynes and the Cambridge Keynesians»
Brand: Vita e Pensiero
Price: 6.00 EUR
Availability: OnlineOnly

digital

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Issue

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2010 - 4

Title

In Search of Good Economics. A note on Luigi Lodovico Pasinetti, «Keynes and the Cambridge Keynesians»

Author

Andrea Villani

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

10-2010

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

This paper analyses Luigi Pasinetti’s evaluation of the meaning, importance and outcomes of the Keynesian revolution and the role played by the most important of the Cambridge Keynesians; it also considers the results of his attempt to complete John Maynard Keynes’ and Piero Sraffa’s elaboration, introducing the idea of a «natural economic system». In particular some of Pasinetti’s theories concerning the role of economics together with the other social sciences in leading to an understanding of production and distribution in industrial and post-industrial society, and in establishing scientific policy guidelines, are discussed.
Key words: Distribution and development, criteria of rationality in social choices, separation theorem, third way. JEL Classification: B290, B410.