Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324105 
Year of Publication: 
2024
Citation: 
[Journal:] PSL Quarterly Review [ISSN:] 2037-3643 [Volume:] 77 [Issue:] 309 [Year:] 2024 [Pages:] 127-143
Publisher: 
Associazione Economia civile, Rome
Abstract: 
This article aims to study the Solow-Pasinetti debate on the aggregate production function and technical progress as an event that anticipated a divide in the subsequent theories of economic growth and technical change. Ultimately, the debate manifests two completely different approaches, not only to the particular question of technical change but also to political economy tout court. Pasinetti gave paramount importance to the fact that the factors of production could not be treated as symmetrical, as the neoclassical theory treated them. Related to this is Pasinetti's dismissal of the distinction neoclassical economics made between shifts in the production function to evaluate technical change and movements along it. In fact, he dismissed the neoclassical production function altogether.
Subjects: 
Pasinetti
production function
productivity measurement
Solow
JEL: 
B22
B41
O40
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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