The Legacy of Luigi Pasinetti to Economic Analysis: A Critical Assessment

Name: The Legacy of Luigi Pasinetti to Economic Analysis: A Critical Assessment
Brand: Vita e Pensiero
Price: 6.00 EUR
Availability: OnlineOnly

digital

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Issue

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2025 - 2. An Issue in Honour of Luigi L. Pasinetti

Title

The Legacy of Luigi Pasinetti to Economic Analysis: A Critical Assessment

Author

Luca V.A. Colombo

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

07-2025

Doi

10.26350/000518_000151

Issn

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

€ 6.00

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Description

The paper comments on the key role of structural interdependencies among productive sectors in Pasinetti’s economic theory, stressing how the variations in the composition of macro-aggregates, such as the income shares earned by different social groups, determine macroeconomic dynamics, growth, and development. Furthermore, it stresses how this stage of pure theory enables the identification of the conditions under which full employment and utilization of productive capacity can be guaranteed over time. The paper also highlights Pasinetti’s fundamental contribution to the characterization of the methodological features of the Classical-Keynesian School in contrast to the mainstream paradigm, providing a critical assessment of such features. Finally, it emphasizes the “strong, deeply felt social concern” that pervades Pasinetti’s economic analysis, which has been systematically imbued with a deep sense of the social implications of economic theory on civil society.