Pasinetti's 'Structural Change and Economic Growth': A Conceptual Excursus

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Garbellini, Nadia and Wirkierman, Ariel Luis. 2014. Pasinetti's 'Structural Change and Economic Growth': A Conceptual Excursus. Review of Political Economy, 26(2), pp. 234-257. ISSN 0953-8259 [Article]

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Official URL: http://dx.doi.org/10.1080/09538259.2014.881671

Abstract or Description

A clear and organic exposition of Pasinetti's theoretical framework of Structural Change and Economic Growth has been prevented by misunderstandings and ambiguities concerning basic categories and terminology. The pre-institutional character of the approach, the nature of its equilibrium paths and the significance—and normative character—of the ‘natural’ economic system are some of the most controversial issues. The aim of this article is to present a conceptual excursus of the model to establish a solid foundation for fruitful discussions to be held with other Classical approaches.

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Article

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https://doi.org/10.1080/09538259.2014.881671