Book contents
- Pasinetti and the Classical Keynesians
- Pasinetti and the Classical Keynesians
- Copyright page
- Contents
- Contributors
- Foreword
- Introduction
- 1 Reality (and Not Simply Abstract Rationality) as the Starting Point of Economic Theory
- 2 Economic Logic with Internal Consistency (and Not Only Formal Rigour)
- 3 Malthus and the Classics (Not Walras and the Marginalists) as the Major Inspiring Source in the History of Economic Thought
- 4 Non-ergodic (in Place of Stationary, Timeless) Economic Systems
- 5 Causality vs. Interdependence
- 6 Macroeconomics before Microeconomics
- 7 Disequilibrium and Instability (Not Equilibrium) as the Normal State of the Industrial Economies
- 8 Necessity of Finding an Appropriate Analytical Framework for Dealing with Technical Change and Economic Growth
- 9 A Strong, Deeply Felt, Social Concern
- 10 Why the Classic-Keynesian Trend May Be of Interest to a Young Scholar Today
- 11 Pasinetti’s Separation Theorem
- Author Index
- References
10 - Why the Classic-Keynesian Trend May Be of Interest to a Young Scholar Today
Published online by Cambridge University Press: 17 February 2022
- Pasinetti and the Classical Keynesians
- Pasinetti and the Classical Keynesians
- Copyright page
- Contents
- Contributors
- Foreword
- Introduction
- 1 Reality (and Not Simply Abstract Rationality) as the Starting Point of Economic Theory
- 2 Economic Logic with Internal Consistency (and Not Only Formal Rigour)
- 3 Malthus and the Classics (Not Walras and the Marginalists) as the Major Inspiring Source in the History of Economic Thought
- 4 Non-ergodic (in Place of Stationary, Timeless) Economic Systems
- 5 Causality vs. Interdependence
- 6 Macroeconomics before Microeconomics
- 7 Disequilibrium and Instability (Not Equilibrium) as the Normal State of the Industrial Economies
- 8 Necessity of Finding an Appropriate Analytical Framework for Dealing with Technical Change and Economic Growth
- 9 A Strong, Deeply Felt, Social Concern
- 10 Why the Classic-Keynesian Trend May Be of Interest to a Young Scholar Today
- 11 Pasinetti’s Separation Theorem
- Author Index
- References
Summary
Many of the great masters of post-Keynesian economics – think of Lunghini, Garegnani, Graziani, but the list is long – are no longer with us. Those belonging to the following generation have been marginalised and reduced to irrelevance, at least in the academic arena. The ‘neoclassical group’, on the other hand, has closed its ranks and built a powerful machine of cultural hegemony. It is very difficult for those who pursue non ‘mainstream’ lines of research to build an academic career – and thus continue to do research. And still, if paradigm shifts are most likely to happen in the wake of epochal transformations, the world is changing rapidly enough to advocate for one.
The building-blocks of this ‘new’ paradigm are all there. All we have to do is to circumscribe its perimeter, and close ourselves our ranks to join forces and knowledge and provide a complete, coherent and alternative interpretative framework to the dominant one. In this chapter, I make the bold attempt to connect these blocks, giving a (non-comprehensive) list of readings, authors or research lines which could fruitfully cooperate in creating the school of thought Pasinetti is advocating for.
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- Pasinetti and the Classical KeynesiansNine Methodological Issues, pp. 259 - 289Publisher: Cambridge University PressPrint publication year: 2022