Learning, innovation, increasing returns and resource creation: Luigi Pasinetti's 'original sin' of, and call for a post-classical, economics

Pitelis, CN

Learning, innovation, increasing returns and resource creation: Luigi Pasinetti's 'original sin' of, and call for a post-classical, economics

Pitelis, CN

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Publication Type:: Journal Article
Citation:: Cambridge Journal of Economics, 2016, 40 (6), pp. 1761 - 1786
Issue Date:: 2016-11-01

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Field	Value	Language
dc.contributor.author	Pitelis, CN	en_US
dc.date.issued	2016-11-01	en_US
dc.identifier.citation	Cambridge Journal of Economics, 2016, 40 (6), pp. 1761 - 1786	en_US
dc.identifier.issn	0309-166X	en_US
dc.identifier.uri	http://hdl.handle.net/10453/122129
dc.description.abstract	© The Author 2016. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved. We draw on the seminal contribution to economics by Luigi Pasinetti, respond to his call to reverse what he saw as the 'original sin' of classical economists exacerbated by neoclassical economists, namely the assumption of non-increasing returns to scale, and move towards building a post-classical economics. We outline the contours of a post-classical framework that draws on key themes and contributions from Pasinetti on learning, technical progress, increasing returns, resource creation, trade and catching up, and contributions from within and without economics that are in line with, lend support to and challenge it. We advocate the pressing need and opportune timing for a concerted effort to revitalise ideas from the once vibrant 'Cambridge School' of economics and help develop a fresh, more pluralist and inclusive post-classical economics that cuts across divides and opens up opportunities for a less 'dismal science'.	en_US
dc.relation.ispartof	Cambridge Journal of Economics	en_US
dc.relation.isbasedon	10.1093/cje/bew011	en_US
dc.subject.classification	Economics	en_US
dc.title	Learning, innovation, increasing returns and resource creation: Luigi Pasinetti's 'original sin' of, and call for a post-classical, economics	en_US
dc.type	Journal Article
utslib.citation.volume	6	en_US
utslib.citation.volume	40	en_US
utslib.for	1499 Other Economics	en_US
utslib.for	1401 Economic Theory	en_US
utslib.for	1402 Applied Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Management Discipline
utslib.copyright.status	closed_access
pubs.issue	6	en_US
pubs.publication-status	Published	en_US
pubs.volume	40	en_US

Abstract:

© The Author 2016. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved. We draw on the seminal contribution to economics by Luigi Pasinetti, respond to his call to reverse what he saw as the 'original sin' of classical economists exacerbated by neoclassical economists, namely the assumption of non-increasing returns to scale, and move towards building a post-classical economics. We outline the contours of a post-classical framework that draws on key themes and contributions from Pasinetti on learning, technical progress, increasing returns, resource creation, trade and catching up, and contributions from within and without economics that are in line with, lend support to and challenge it. We advocate the pressing need and opportune timing for a concerted effort to revitalise ideas from the once vibrant 'Cambridge School' of economics and help develop a fresh, more pluralist and inclusive post-classical economics that cuts across divides and opens up opportunities for a less 'dismal science'.

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http://hdl.handle.net/10453/122129