Luigi Pasinetti

Luigi Pasinetti (born September 12, 1930) is an Italian economist of the Post-Keynesians school. Pasinetti was a second generation "Cambridge Keynesian" and a student of Piero Sraffa. Along with his teacher, as well as Joan Robinson, he was one of the prominent members on the "Cambridge, UK" side of the Cambridge capital controversy. His contributions to economics include developing the analytical foundations of Neo-Ricardian economics, including the theory of value and distribution, as well as work in the work of Kaldorian theory of growth. The latter had an emphasis on structural change and uneven sectoral development.

After leaving his position as Fellow and Lecturer at King's College, Cambridge he joined Università Cattolica del Sacro Cuore where he currently holds a position as Professor Emeritus.

Education

*Primary and secondary education at Bergamo
*First University degree (laurea), "summa cum laude" (1953-54) at Università Cattolica del Sacro Cuore, Milano, with a doctoral thesis on econometric models and their application to trade cycle analysis;
*Ph.D. degree in Economics at the University of Cambridge U.K., March 1963, with a dissertation on "A Multi-sector Model of Economic Growth".

Major Works

# "A Mathematical Formulation of the Ricardian System", 1960, RES.
# "Cyclical Fluctations and Economic Growth", 1960, Oxford EP.
# "Rate of Profit and Income Distribution in Relation to the Rate of Economic Growth", 1962, RES.
# "Professor Meade's Rate of Profit in a Growing Economy", 1964, EJ.
# "A New Theoretial Approach to the Problems of Economic Growth", 1965, APSSV
# "The Rate of Profit in a Growing Economy: A reply", 1966, EJ.
# "New Results in an Old Framework: Comments on Samuelson and Modigliani", 1966, RES.
# "Changes in the Rate of Profit and Switches of Techniques", 1966, QJE.
# "Switches of Technique and the `Rate of Return' in Capital Theory", 1969, EJ.
# "Again on Capital Theory and Solow's Rate of Return", 1970, EJ.
# "The Notion of Vertical Integration in Economic Analysis", 1973, Metroeconomica.
# Growth and Income Distribution: Essays in economic theory, 1974.
# Lectures on the Theory of Production, 1977.
# "The Rate of Interest and the Distribution of Income in a Pure Labor Economy", 1980, JPKE.
# Editor, Essays on the Theory of Joint Production, 1980.
# Structural Change and Economic Growth: A theoretical essay on the dynamics of the wealth of nations, 1981.
# “The Accumulation of Capital”, 1983, Cambridge JE
# "Conditions of Existence of a Two-Class Economy in the Kaldor and More General Models of Growth and Distribution", 1983, Kyklos.
# "Sraffa's Circular Process and the Concept of Vertical Integration", Political Economy, 1986.
# "Theory of Value: A source of alternative paradigms in economic analysis", 1986, in Baranzini and Scazzieri, editors, Foundations of Economics.
# "Growing Subsystems, Vertically Hyper-Integrated Sectors and the Labour Theory of Value", 1988, Cambridge JE.
# "Sraffa on Income Distribution", 1988, Cambridge JE.
# “Ricardian Debt/Taxation Equivalence in the Kaldor Theory of Profits and Income Distribution”, 1989, Cambridge JE
# “Sraffa's Circular Process and the Concept of Vertical Integration”, 1990, in Bharadwaj and Schefold, eds., Essays on Piero Sraffa
# Structural Economic Dynamics: A Theory of the Economic Consequences of Human Learning. 1993
# “Economic Theory and Institutions”,1996, in Delorme and Dopfer, eds., The Political Economy of Diversity
# “Joan Robinson and ‘Reswitching’”, 1996, in Marcuzzo et al., editors, The Economics of Joan Robinson, London: Routledge, 1996, pp. 209-217;
# “The Principle of Effective Demand” and "The Marginal Efficiency of Investment”, 1997, in Harcourt and Riach, eds., A “Second Edition” of the General Theory
# “J.M.Keynes's ‘Revolution’ – the major event of twentieth-century economics?”, 1998, in Pasinetti and Schefold, editors, The Impact of Keynes on Economics in the 20th Century.

ee Also

*Post-Keynesian_economics
*Cambridge capital controversy
*Neo-Ricardianism
*Piero Sraffa
*Joan Robinson
*Nicholas Kaldor

External Links

* [http://www.unicatt.it/docenti/pasinetti/public_eng.htm Biography at Università Cattolica del Sacro Cuore]
* [http://cepa.newschool.edu/het/profiles/luigi.htm Biography at History of Economic Thought CEPA website]