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Copyright © Cambridge Political Economy Society

review-article

Pasinetti's processes

Lance Taylor*

*Graduate Faculty, New School for Social Research New York

Abstract

Luigi Pasinetti's contributions to economics cover an enormous range of topics. This review article concentrates on growth accounting in his ‘natural system’ and his models of post-Keynesian growth and distribution. The natural system is restated in terms of social accounting matrices, and its empirical applicability is assessed. Growth theory is discussed in terms of relevant macroeconomic causal patterns, or model ‘closures’.

Manuscript received March 14, 1994; final version received June 1, 1994.


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