Pasinetti’s Legacy in Economic Theory: A Brief Overview

Luigi Pasinetti has been one of the most original and fruitful economists of the last sixty years. Together with Piero Sraffa and Pierangelo Garegnani, he was one of the leaders of the classical-Keynesian approach to political economy. He made important contributions to both the critical and the constructive aspects of economic theory. In this paper, we introduce the main fields investigated by Luigi Pasinetti: the criticism of the neoclassical theory of capital, the proposal of an alternative theory of income distribution, and the analysis of structural change in modern economic systems.