#2593. Pasinettis theorem: A narrow escape, for what was to become an inexhaustible research programme

December 2026publication date
Proposal available till 30-05-2025
4 total number of authors per manuscript3000 $

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Journal’s subject area:
Economics and Econometrics;
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Abstract:
The article analyzes the Pazinettis theorem. Also overrated is the fragile start of the theorem, often referred to as the new Cambridge equation; in which Pasinetti was endorsed by Kaldor and J. Robinson at the 1966 Economic Research Review Symposium against James Mead, Paul Samuelson, and Franco Modigliani, who formulated their Anti-Pasinetti or Dual Theorem. The results show that Frank Hahn was instrumental in siding with Mead and the economists at MIT.
Keywords:
Cambridge Post-Keynesians; Distribution of income and wealth; Dual or Anti-Pasinettis theorem; Neo-Pasinettis theorem; New Cambridge equation; Pasinettis Theorem (1962); Socio-economic classes; Structural dynamics

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