The Dynamics of the Wealth of Nations Growth, Distribution and Structural Change

This collection of essays attempts to evaluate Luigi Pasinetti's contribution and to give new insights into the issues which he has illuminated. The volume also provides a general assessment of the significance of a number of key issues of the 'pure' Post-Keynesian School of economic thought, which has, and still has, its strong hold in the University of Cambridge, and to which Luigi Pasinetti has become the 'senior heir' since the deaths of the founding members, Piero Sraffa, Joan Robinson, Nicholas Kaldor and Richard Kahn in the 1980s.

Frontispiece - Preface - List of Contributors - Introduction; M.Baranzini & G.C.Harcourt - PART 1: RICARDO AND CLASSICAL POLITICAL ECONOMY - Marshall on Ricardo; P.Groenewegen - Physiocratic Dichotomy in Price Determination and its Ricardian Resolution; I.Hishiyama - The 'Standard Commodity' and Ricardo's Search for an 'Invariable Measure of Value'; H.D.Kurz & N.Salvadori - Ricardian Comparative Advantage and the Perils of the Stationary State; A.Maneschi - PART 2: ON CAPITAL THEORY - Samuelson and the 93% Scarcity Theory of Value; A.J.Cohen - PART 3: POST-KEYNESIAN INCOME DISTRIBUTION AND GROWTH THEORY - The Method of the Pure Ratio in Economic Analysis; A.Bhaduri - A Post-Keynesian Theory of Growth, Interest and Money; A.K.Dutt & E.J.Amadeo - PART 4: STRUCTURAL DYNAMICS AND VERTICAL INTEGRATION - Commodity Flows and Productive Subsystems: An Essay in the Analysis of Structural Change; M.A.Landesmann & R.Scazzieri - On Economic Science, its Tools and Economic Reality; A.Quadrio-Curzio - PART 5: DEVELOPMENT ECONOMICS AND MODELS OF UNSTABLE GROWTH - Development Economics: Some Basic Issues; S.Chakravarty - The Economy as a Chaotic Growth Oscillator; R.M.Goodwin - Long-Run Changes in the Wage and Price Mechanisms and the Process of Growth; P.Sylos-Labini - PART 6: INSTITUTIONS AND ECONOMIC STRUCTURE: HUMAN ACTIONS AND THE PURE LABOUR THEORY OF VALUE - Reflections on the Significance of the Labour Theory of Value in Pasinetti's Natural System; H.Bortis - Rationality and Economic Behaviour; S.Lombardini - Bibliography of the Works of Luigi Pasinetti - Index