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Luigi Pasinetti's work has ties to which economic thinker's theory of distribution?
Léon Walras
Nicholas Kaldor
Paul Krugman
David Ricardo
Answer
The answer is Nicholas Kaldor. Pasinetti's contribution was heavily influenced by Kaldor's theory of distribution, particularly Kaldor's focus on the role of technical progress and the distribution of income between labor and capital. Pasinetti extended and refined Kaldor's ideas, developing a more rigorous and comprehensive framework for analyzing the dynamics of income distribution in a growing economy.
The Pasinetti Puzzle: Unravel the Legacy of Luigi Pasinetti
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