Includes bibliographical references and index.

Introduction: structural dynamics and contemporary growth theory / Richard Arena and Pier Luigi Porta -- Part I. Structural Dynamics: Past and Present: 1. Structural change: some historical aspects of Pasinetti's work with special reference to classical economics / Peter D. Groenewegen; 2. Structural dynamics in an historical perspective / Mario Pomini; 3. Two approaches to the study of structural change and economic development: Kuznets and Pasinetti / Moshe Syrquin; 4. Analyzing knowledge flows by means of vertical integration / Önder Nomaler and Bart Verspagen; 5. Growth: towards a structural endogenous macro-model / William J. Baumol -- Part II. Structural Dynamics: The Cambridge Keynesian Perspective: 6. Luigi Pasinetti: the senior living heir of the Cambridge School of Economics and the last of the great system-builders / Geoffrey Harcourt; 7. Toward a synthesis in post-Keynesian economics in Luigi Pasinetti's contribution / Heinrich Bortis; 8. Growth theory, structural dynamics and the analysis of consumption / Davide Gualerzi; 9. Luigi Pasinetti's structural economic dynamics and the employment consequences of new technologies / Harald Hagemann; 10. The concept of 'natural economic system': a tool for structural analysis and an instrument for policy design / Roberto Scazzieri; 11. Structural change and invariable standards / Takashi Yagi -- Part III. Epilogue: Structural Dynamics as Part of the 'Unfinished Revolution': On Pasinetti and the unfinished Keynesian revolution / Robert M. Solow; First afterword: Pasinetti on structural dynamics / Robert M. Solow; Growth and structural change: perspectives for the future / Luigi L. Pasinetti; Second afterword: the significance of structural economic dynamics / Luigi L. Pasinetti.

"Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The mainstream neo-classical models of growth that have largely dominated modern growth theory are based around assumptions of diminishing returns on extra capital with technological innovation and appropriate institutions being seen as key to economic growth. An alternative model of economic growth emerged from the Cambridge school of Keynesian economists in the 1950s and 1960s. This model emphasizes the importance of demand and the dynamics of the growth of industrial systems. The scholar most associated with this approach to economic growth is Luigi Pasinetti whose book Structural Change and Economic Growth (Cambridge University Press, 1981) has been hugely influential to a generation of post-Keynesian economists. This collection evaluates the achievements of Pasinetti's structural dynamics, with contributions from both post-Keynesian economists, including Pasinetti, and from some distinguished and critical neo-classical economists, including Nobel laureate Robert Solow"--