Pasinetti and the Classical Keynesians
Nine Methodological Issues
- English
- PDF
- Available on iOS & Android
About this book
Recent economic and financial crises have exposed mainstream economics to severe criticism, bringing present research and teaching styles into question. Building on a solid and vivid tradition of economic thought, this book challenges conventional thinking in the field of economics. The authors turn to the work of Luigi Pasinetti, who proposed a list of nine methodological and theoretical ideas that characterize the Classical Keynesian School. Drawing inspiration from both Keynes and Sraffa, this schoolhas forgeda long-standing and ambitious research programme often advocated as a competing paradigm to mainstream economics. Overall, the Classical Keynesian School provides a comprehensive analytical framework into which most non-mainstream schools of thought can be integrated. In this collection, a group of leading scholars critically assess the nine main ideas that, in Pasinetti's view, characterize the Classical-Keynesian approach, evaluating their relevance for both the history of economics and for present economic research.
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Information
Table of contents
- Cover
- Half-title
- Title page
- Copyright information
- Contents
- List of Contributors
- Foreword: The Political Economy of Luigi Pasinetti
- 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): Realism and Internal Consistency in Piero Sraffa
- 3 Malthus and the Classics (Not Walras and the Marginalists) as the Major Inspiring Source in the History of Economic Thought: The Principle of Effective Demand and Classical Economics
- 4 Non-ergodic (in Place of Stationary, Timeless) Economic Systems: Considerations Suggested by Joan Robinson's Distinction between Two 'Notions' of Time in Economic Theory
- 5 Causality vs. Interdependence: A Distinction That Conveys a World's View
- 6 Macroeconomics before Microeconomics: A Sceptic's Guide to Macroeconomics
- 7 Disequilibrium and Instability (Not Equilibrium) as the Normal State of the Industrial Economies: A Methodological Standpoint on Structural Economic Dynamics
- 8 Necessity of Finding an Appropriate Analytical Framework for Dealing with Technical Change and Economic Growth: Technical Change, Structural Dynamics and Employment
- 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