IDEAS home Printed from https://ideas.repec.org/a/psl/moneta/202315.html
   My bibliography  Save this article

Luigi Lodovico Pasinetti: Zanica, 12 settembre 1930 – Varese, 31 gennaio 2023 (Luigi Lodovico Pasinetti: Zanica (Italy), September 12, 1930 – Varese (Italy), January 31st, 2023)

Author

Listed:
  • Joseph Halevi

    (Macquarie University, Sydney, Australia e IUC Torino)

Abstract

L'articolo commemora la vita intellettuale di Luigi Pasinetti, purtroppo scomparso alla fine del mese di gennaio di quest'anno. Vengono presentate e discusse le fasi salienti dei suoi studi e dei suoi contributi scientifici culminati nell'opera Structural Change and Economic Growth pubblicata nel 1981. Nell'articolo si mostra come Pasinetti avesse sviluppato le idee principali che guideranno la sua ricerca gia' tra la fine degli anni Cinquanta e i primi anni Sessanta del secolo scorso. In questo contesto viene evidenziata l'importanza dirompente della sua teoria concernente i processi produttivi verticalmente integrati e come questa rappresenti uno sviluppo positivo rispetto ai dibattiti riguardo alla teoria neoclassica del capitale e della distribuzione. Si conclude sottolineando la coerenza tra l'approccio teorico di Pasinetti e la sua filosofia morale incentrata sulla priorita' del lavoro sul capitale. The paper commemorates the intellectual life of Luigi Pasinetti, who sadly passed away at the end of January of this year. We present and discuss the main phases of his studies and academic contributions culminating in his 1981 opus Structural Change and Economic Growth. We show how Pasinetti developed the main ideas that were to guide his research, already in the late 1950s and early 1960s. We then describe the path breaking significance of his novel analytical formulation regarding the theory of vertically integrated processes and how it constitutes a positive improvement on the debates related to the critiques of neoclassical capital theory. The paper ends by highlighting the consistency of Pasinetti's theoretical approach with his moral philosophy centred on the priority of labour over capital.

Suggested Citation

  • Joseph Halevi, 2023. "Luigi Lodovico Pasinetti: Zanica, 12 settembre 1930 – Varese, 31 gennaio 2023 (Luigi Lodovico Pasinetti: Zanica (Italy), September 12, 1930 – Varese (Italy), January 31st, 2023)," Moneta e Credito, Economia civile, vol. 76(301), pages 95-99.
    • Handle: RePEc:psl:moneta:2023:15
    as

    Download full text from publisher

    File URL: https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/18048/16978
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Luigi L. Pasinetti, 1962. "Rate of Profit and Income Distribution in Relation to the Rate of Economic Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(4), pages 267-279.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gilberto Tadeu Lima, 2000. "Market concentration and technological innovation in a dynamic model of growth and distribution," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 447-475.
    2. Batuo, Michael E. & Kararach, George & Malki, Issam, 2022. "The dynamics of income inequality in Africa: An empirical investigation on the role of macroeconomic and institutional forces," World Development, Elsevier, vol. 157(C).
    3. Roberto Veneziani & Luca Zamparelli & Daniele Tavani & Luca Zamparelli, 2017. "Endogenous Technical Change In Alternative Theories Of Growth And Distribution," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1272-1303, December.
    4. Dohtani, Akitaka, 2010. "A growth-cycle model of Solow-Swan type, I," Journal of Economic Behavior & Organization, Elsevier, vol. 76(2), pages 428-444, November.
    5. Joseph E. Stiglitz, 2015. "New Theoretical Perspectives on the Distribution of Income and Wealth among Individuals: Part II: Equilibrium Wealth Distributions," NBER Working Papers 21190, National Bureau of Economic Research, Inc.
    6. Roberto Veneziani & Luca Zamparelli & Amitava Krishna Dutt, 2017. "Heterodox Theories Of Economic Growth And Income Distribution: A Partial Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1240-1271, December.
    7. Yashin, Pete, 2020. "Финансиалиация Усиливает Неравенство И Заводит Экономику В Тупик [Financialization increases inequality and leads economy to a dead end]," MPRA Paper 101063, University Library of Munich, Germany.
    8. Puente-Ajovin, Miguel, 2013. "Distribución Funcional De La Renta: Teorías Y Evidencia Empírica [Functional Distribution of Income: Theories and Empirical Evidence]," MPRA Paper 49304, University Library of Munich, Germany.
    9. Saint-Paul, Gilles, 1997. "The role of rents to human capital in economic development," Journal of Development Economics, Elsevier, vol. 53(2), pages 229-249, August.
    10. Lance Taylor, 2015. "Veiled Repression: Mainstream Economics, Capital Theory, and the Distributions of Income and Wealth," SCEPA working paper series. 2015-08, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    11. Petach, Luke & Tavani, Daniele, 2022. "Aggregate demand externalities, income distribution, and wealth inequality," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 433-446.
    12. Fabio Hideki Ono & José Luis Oreiro, 2004. "Technological Progress, Income Distribution And Capacity Utilisation: A Computer Simulation-Based Analysis," Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32nd Brazilian Economics Meeting] 085, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    13. Günther Rehme, 2023. "Capital depreciation allowances, redistributive taxation, and economic growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 25(1), pages 168-195, February.
    14. Bellino, Enrico & Nerozzi, Sebastiano, 2013. "Causality and interdependence in Pasinetti's works and in the modern classical approach," MPRA Paper 52179, University Library of Munich, Germany.
    15. Ian M. McDonald, 2021. "A Keynesian model of aggregate demand in the long‐run," Metroeconomica, Wiley Blackwell, vol. 72(3), pages 442-459, July.
    16. Eric Kemp‐Benedict, 2020. "Convergence of actual, warranted, and natural growth rates in a Kaleckian–Harrodian‐classical model," Metroeconomica, Wiley Blackwell, vol. 71(4), pages 851-881, November.
    17. Gilberto Tadeu Lima, 2010. "Profit Sharing, Capacity Utilization and Growth in a Post-Keynesian Macromodel," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 17, Edward Elgar Publishing.
    18. Gilberto Tadeu Lima & Antonio J. A. Meirelles, 2007. "Macrodynamics of debt regimes, financial instability and growth," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(4), pages 563-580, July.
    19. Rishabh Kumar, 2015. "Wealth accumulation and aggregate demand stagnation in a two class economy with applications to the United States," Working Papers 1526, New School for Social Research, Department of Economics.
    20. Schmidt-Hebbel, Klaus & Serven, Luis, 2000. "Does income inequality raise aggregate saving?," Journal of Development Economics, Elsevier, vol. 61(2), pages 417-446, April.

    More about this item

    Keywords

    Luigi Lodovico Pasinetti; enterprise capital; production function; technical progress; neoclassical capital theory;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B32 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Obituaries
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • D20 - Microeconomics - - Production and Organizations - - - General
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:psl:moneta:2023:15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlo D'Ippoliti (email available below). General contact details of provider: http://www.economiacivile.it .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.