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. 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.
    3. 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].
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
    9. Kazuhiro Kurose, 2022. "A two-class economy from the multi-sectoral perspective: the controversy between Pasinetti and Meade–Hahn–Samuelson–Modigliani revisited," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 239-270, April.
    10. Tramontana, Fabio & Gardini, Laura & Agliari, Anna, 2011. "Endogenous cycles in discontinuous growth models," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 81(8), pages 1625-1639.
    11. Kirill Borissov & Stéphane Lambrecht, 2009. "Growth and distribution in an AK-model with endogenous impatience," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(1), pages 93-112, April.
    12. Joseph E Stiglitz & Martin M Guzman, 2021. "The pandemic economic crisis, precautionary behavior, and mobility constraints: an application of the dynamic disequilibrium model with randomness† [A new view of technological change]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(2), pages 467-497.
    13. Mark Setterfield & Yun K. Kim, 2017. "Household borrowing and the possibility of 'consumption-driven, profit-led growth'," Review of Keynesian Economics, Edward Elgar Publishing, vol. 5(1), pages 43-60, January.
    14. Stiglitz, Joseph E., 2018. "Pareto efficient taxation and expenditures: Pre- and re-distribution," Journal of Public Economics, Elsevier, vol. 162(C), pages 101-119.
    15. Günther Rehme, 2011. "Endogenous Policy And Cross‐Country Growth Empirics," Scottish Journal of Political Economy, Scottish Economic Society, vol. 58(2), pages 262-296, May.
    16. Garbellini, Nadia, 2021. "International trade as a process of choice of technique," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 42-50.
    17. Gu, Xinhua & Tam, Pui Sun, 2013. "The saving–growth–inequality triangle in China," Economic Modelling, Elsevier, vol. 33(C), pages 850-857.
    18. Enea Baselgia & Reto Foellmi, 2022. "Inequality and growth: a review on a great open debate in economics," WIDER Working Paper Series wp-2022-5, World Institute for Development Economic Research (UNU-WIDER).
    19. Norman Loayza & Klaus Schmidt-Hebbel & Luis Servén, 2001. "Una Revisión del COmportamiento y de los determinantes del ahorro en el mundo," Central Banking, Analysis, and Economic Policies Book Series, in: Felipe Morandé & Rodrigo Vergara & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Edit (ed.),Análisis Empírico del Ahorro en Chile, edition 1, volume 1, chapter 2, pages 13-48, Central Bank of Chile.
    20. Marcelo de Oliveira Passos & José Luís Oreiro, 2008. "A post Keynesian macrodynamic simulation model for an open economy," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211235250, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

    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.