Pasinetti contributed to which economics field?
Behavioral Economics
Environmental Economics
Neo-Ricardian Economics
Game Theory
Answer
Neo-Ricardian economics, as exemplified by Pasinetti, focuses on the relationship between income distribution, capital accumulation, and economic growth. This school of thought emphasizes the importance of class structure and power dynamics in shaping economic outcomes, arguing that the distribution of income and wealth affects the level and composition of investment, which in turn influences the long-term growth trajectory of an economy.
The Pasinetti Puzzle: Unravel the Legacy of Luigi Pasinetti
More Questions
What did Pasinetti develop concerning economic growth?
In which city was the group Pasinetti belonged to based?
With which economist is Pasinetti notably compared?
What aspect of economics did Pasinetti focus on with his structural dynamic theory?
Pasinetti's work includes a theory of value and what else?
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