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List of contents
1. Introduction 2. The Basic Philosophical Approach 3. The Input-output Approach and the Theory of Value 4. Vertical Integration and the Labour Theory of Value:A Step by Step Approach 5. A Generalised Theory of Labour Value
About the author
Luigi Pasinetti is one of the most influential economists of the past half century and a key figure in the development of the Post-Keynesian and Neo-Ricardian schools of economics.
Summary
A prominent member of the second generation of Cambridge Keynesians, Luigi Pasinetti has been a key player in the development of neo-Ricardian economics as well. Having studied under Piero Sraffa at Cambridge, he developed a mathematical representation of Ricardo's theory of value and distribution, as well asthe reswitching problem in neoclassical capital theory: thus making him a leader of the British Cambridge side during the Cambridge Capital Controversy.
Since leaving Cambridge for Rome,he has become particularly interested in structural change, i.e. the responses of multi-sectoral models of the economy to technical changes.
This book draws together Pasinetti's main contributions in the field of value theory.
