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Recent economic and financial crises have exposed mainstream
economics to severe criticism, bringing present research and
teaching styles into question. Building on a solid and vivid
tradition of economic thought, this book challenges conventional
thinking in the field of economics. The authors turn to the work of
Luigi Pasinetti, who proposed a list of nine methodological and
theoretical ideas that characterize the Classical Keynesian School.
Drawing inspiration from both Keynes and Sraffa, this school has
forged a long-standing and ambitious research programme often
advocated as a competing paradigm to mainstream economics. Overall,
the Classical Keynesian School provides a comprehensive analytical
framework into which most non-mainstream schools of thought can be
integrated. In this collection, a group of leading scholars
critically assess the nine main ideas that, in Pasinetti's view,
characterize the Classical-Keynesian approach, evaluating their
relevance for both the history of economics and for present
economic research.
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