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Normalised General Coordinates and Vertically Integrated Sectors in a Simple Case

In: Nonlinear and Multisectoral Macrodynamics

Author

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  • Luigi L. Pasinetti

Abstract

Inter-industry economic analysis, whose roots go back to the works of François Quesnay and the classical economists (including Marx), has been recently rediscovered mainly through the works of Leontief (1951) and Sraffa (1960) — a rediscovery favoured by the development of computers in practical applications and by the spreading of matrix algebra in economic analysis. Inter-industry analysis has laid bare the interdependences among economic sectors, which are a basic feature of modern economic systems and at the same time are the source of endless analytical complications. For this reason, economic theorists have made several attempts at developing new analytical tools that may help to ease the complications.

Suggested Citation

  • Luigi L. Pasinetti, 1990. "Normalised General Coordinates and Vertically Integrated Sectors in a Simple Case," Palgrave Macmillan Books, in: Kumaraswamy Velupillai (ed.), Nonlinear and Multisectoral Macrodynamics, chapter 10, pages 151-164, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10612-7_10
    DOI: 10.1007/978-1-349-10612-7_10
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    Cited by:

    1. Chatzarakis, Nikolaos & Tsaliki, Persefoni & Tsoulfidis, Lefteris, 2022. "Does the Labour Theory of Value Explain Economic Growth? A Modern Classical View," MPRA Paper 112824, University Library of Munich, Germany.

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