Pasinetti after sen: Towards a capability approach to structural dynamics of consumption

Kenji Mori, Shintaro Tamate

Research output: Contribution to journalArticlepeer-review

Abstract

Pasinetti's theory of structural dynamics has, as well as the capability approach, normative implications about income distribution and economic growth. Compared with the latter, however, the individual character of consumption is rather neglected in Pasinetti's framework, but the macro-economic viability is examined here more intensively as a main issue. In this paper, we will show it possible and fruitful to consistently integrate both complementary approaches and present an analytical foundation of a normative theory of the structural dynamics of consumption.

Original languageEnglish
Pages (from-to)690-716
Number of pages27
JournalMetroeconomica
Volume65
Issue number4
DOIs
Publication statusPublished - 2014

ASJC Scopus subject areas

  • Economics and Econometrics

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