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Appendix to Section 6

The Empirical Significance of Vertically Integrated Analysis

from Part II - The (Objective) Theory of Value in Inter-industry Analysis

Published online by Cambridge University Press:  09 July 2026

Luigi L. Pasinetti
Affiliation:
Università Cattolica del Sacro Cuore, Milano
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Summary

Luigi L. Pasinetti was one of the most significant figures in the history of post-Keynesian economics. In his final book, he reflects on the history and future of post-Keynesian economics, as well as a broad range of issues relating to his previous work. He argues that the economics profession has reached a critical impasse, unable to grasp the true nature of the unprecedented world we now inhabit. He examines how modern economic thought has diverged from addressing real-world challenges, challenging outdated frameworks to offer, instead, a path for reflection and reorientation. With a rigorous critique of prevailing paradigms, Pasinetti proposes an alternative framework of analysis extending an invitation for economists to rethink foundational assumptions. Providing his final statement on these issues, this book delivers a compelling critique of the current state of economics and political economy and offers a vital contribution for reimagining these disciplines in extraordinary times.

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  • Appendix to Section 6
  • Luigi L. Pasinetti, Università Cattolica del Sacro Cuore, Milano
  • Book: A Labour Theory of Value
  • Online publication: 09 July 2026
  • Chapter DOI: https://doi.org/10.1017/9781009694865.011
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  • Appendix to Section 6
  • Luigi L. Pasinetti, Università Cattolica del Sacro Cuore, Milano
  • Book: A Labour Theory of Value
  • Online publication: 09 July 2026
  • Chapter DOI: https://doi.org/10.1017/9781009694865.011
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Appendix to Section 6
  • Luigi L. Pasinetti, Università Cattolica del Sacro Cuore, Milano
  • Book: A Labour Theory of Value
  • Online publication: 09 July 2026
  • Chapter DOI: https://doi.org/10.1017/9781009694865.011
Available formats
×