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P asinetti after S en: Towards a Capability Approach to Structural Dynamics of Consumption
Author(s) -
Mori Kenji,
Tamate Shintaro
Publication year - 2014
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/meca.12056
Subject(s) - normative , consumption (sociology) , dynamics (music) , macro , economics , distribution (mathematics) , microeconomics , econometrics , computer science , mathematics , psychology , sociology , political science , mathematical analysis , social science , pedagogy , programming language , law
P asinetti'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 P asinetti'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.