Study week on the econometric approach to development planning

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Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

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Title:: A new theoretical approach to the problems of economic growth / Luigi L. Pasinetti, King's College - Cambridge - Great Britain

Collection:: Economics Books

578 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARA - 25 been led to look at the whole of economic reality through the lens of a scarcity scheme, and thus to magnify or shrink the various aspects of reality according as to whether they do or do not fit into the pattern of a world of scarce goods. I have thought it may not be altogether useless — after a century of marginal economic analysis — to go back to explore the possibilities, which may have remained unexploited, inher- ent into the other approach to economic reality, which has been left into oblivion since the time of the Classics. 3. A pure production model It is my purpose to develop, in the following pages, a theoretical model of economic growth for an industrial eco- nomic system. In the whole theory, a central rôle will be played by the learning process of human beings, in its twofold aspects of technical improvements and of consumers’ preference evolution. Scarce resources will not be considered, although of course this does not mean that they do not exist. It only means that the theory will be developed independently of any rational problem concerning their best utilization. All com- modities considered are produced, and can be made practically in whatever quantity may be wanted, provided that they are devoted to the amount of efforts they technically require. Li- mitations of course exist, but not in the material world: they only reside in the knowledge and power of activity of Men. As will be realised, this means adopting a procedure which is exactly opposite, though symmetrical, to the one followed by marginal analysis. The scheme itself might be called a pure production model, as against the pure exchange model of mar- ginal economics. It will refer to a certain type of commodities (this time the commodities of the production type), will centre around a definite problem (the problem of production), and will L10] Pasinetti - pag. 8

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