Which school of thought is Pasinetti associated with?
Monetarism
Supply-side Economics
Post-Keynesian
Classical Economics
Answer
Post-Keynesian economics, the school of thought associated with Italian economist Luigi Pasinetti, emphasizes the role of effective demand, income distribution, and money in economic analysis. It critiques the neoclassical school's assumptions of perfect competition and full employment, focusing instead on real-world market imperfections and economic instability. Pasinetti's contributions include the concept of vertical integration and the notion of structural change in economic development.
The Pasinetti Puzzle: Unravel the Legacy of Luigi Pasinetti
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