Introduction: Luigi L. Pasinetti—A Leading Scholar of the Second Generation of the Cambridge School of Keynesian Economics

Luigi Ludovico Pasinetti 12 September 1930–31 January 2023

“…1 Shaikh wrote to me, on 9/2/2023, that his 'encounter with Pasinetti was when he taught a course on Sraffa: I was mesmerised'. 2 I have found Baranzini and Mirante (2018) very admirable and most useful on the intellectual aspects of Pasinetti's life; this obituary is about Pasinetti's intellectualacademiccontributions (almost exclusively). Kahn and Joan Robinsonin addition to Austin Robinson, David Champernowne, Richard Stone and Brian Reddawaywere more-or-less students of Keynes; Sraffa was more of a colleague of sorts, but Kaldor was neither a student nor a colleague of Keynes.…”

“…Goodwin told me the story in the late 1970s. 4 Earlier, Pasinetti was confronted with 'macro-dynamic models of economic growth and input-output analysis', of which the former may be the reason for Baranzini andHarcourt, 1993, p. x, to single out Pasinetti, 1960 as one of his 'most significant essays' on growth cycles; Pasinetti was under the guidance not only of Goodwin but also of Leontief and Duesenberry and he tried to integrate all three of them. Goodwin kept the linear input-output economics separate from his nonlinear macrodynamics.…”

Models of structural change and Kaldor’s facts: Critical survey from the Cambridge Keynesian perspective

“…Such purely theoretical attention to structural change and Kaldor's facts is relevant to Cambridge Keynesian economists. First, as already mentioned, structural change is nothing but the theoretical …eld of research that Pasinetti, one of the most in ‡uential Cambridge Keynesian economists, pioneered in the early 1960s and has extended since (Baranzini and Mirante, 2018). Although some studies such as Rogerson (2019) and Stijepic (2011) review the relationship between structural change and Kaldor's facts from mainstream perspectives, few works are written from the Cambridge Keynesian point of view.…”