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PASINETTI-INTERVIEW

Economics in a Different Key

In 1965, Luigi Pasinetti, whom INET is delighted to interview here, produced a decisive counterexample arguing that the Neoclassical approach to analyzing production needed to be abandoned in favor of something much closer in spirit to Classical Economics. www.nakedcapitalism.com

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Rediscovering the Importance of functional distribution

Nowadays, both economists and policy makers have rediscovered the importance of income distribution. In a number of recent papers, even the IMF has warned about the risks stemming from increasing inequalities but the recommendations inferred from its standard theoretical approach do not imply any breakthrough in the policy agenda www.socialeurope.eu