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
9 - A Strong, Deeply Felt, Social Concern
Published online by Cambridge University Press: 17 February 2022
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
Summary
The aim of this chapter is to look at Pasinetti’s work, as a distinctive member of the Cambridge School of Keynesian Economics, and consider if and how social concerns constitute a pillar of his scientific research. Primary literature is therefore the main source of this chapter. After having traced Pasinetti to Cambridge School, we look at his critique of mainstream economics. We then consider his analysis of the Industrial Revolution's ‘production paradigm’ and the need to move from a pure exchange model to a pure production model. Furthermore, we show how this new paradigm is linked to the analysis of specific, crucial issues: the centrality of labour; the social function of capital; and the role of the institutions. The influence of the Italian tradition of economic thought and of the Social Doctrine of the Catholic Church is discussed through the lens of the importance Pasinetti attributed to the aims of economic research and the challenges imposed by globalisation.
Keywords
- Type
- Chapter
- Information
- Pasinetti and the Classical KeynesiansNine Methodological Issues, pp. 233 - 258Publisher: Cambridge University PressPrint publication year: 2022
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