What sectoral concept did Pasinetti investigate?
Efficient-Market Hypothesis
Uneven Development
Public Choice Theory
Neoclassical Synthesis
Answer
Uneven Development, a sectoral concept studied by Pasinetti, describes the phenomenon where different sectors of an economy grow at varying rates. This disparity can lead to imbalances in resource allocation, employment opportunities, and income distribution. Understanding the causes and consequences of uneven development is crucial for policymakers seeking to promote balanced and sustainable economic growth.
The Pasinetti Puzzle: Unravel the Legacy of Luigi Pasinetti
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Luigi Pasinetti mainly contributed to which theory of distribution?
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Pasinetti's work falls into which period of economic thinking?
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