A Labour Theory of Value

Luigi L. Pasinetti was one of the most significant figures in the history of post-Keynesian economics.In his final book, he reflects on the history and future of post-Keynesian economics, as well as a broad range of issues relating to his previous work.He argues that the economics profession has reached a critical impasse, unable to grasp the true nature of the unprecedented world we now inhabit.He examines how modern economic thought has diverged from addressing real-world challenges, challenging outdated frameworks to offer, instead, a path for reflection and reorientation.With a rigorous critique of prevailing paradigms, Pasinetti proposes an alternative framework of analysis extending an invitation for economists to rethink foundational assumptions.Providing his final statement on these issues, this book delivers a compelling critique of the current state of economics and political economy and offers a vital contribution for reimagining these disciplines in extraordinary times.