Two approaches to the study of structural change and economic development: Kuznets and pasinetti

Introduction Most of the chapters in this book can be seen as elaborating or interpreting the contribution to the theory of structural dynamics of Luigi Pasinetti in his celebrated book Structural Change and Economic Growth (1981) and in related endeavors. These chapters share a common methodological outlook and reflect a common discourse community. All through the period when Pasinetti's structural dynamics approach was being developed, and even prior to that, a no less significant and influential program of research on growth and structural change was underway. I refer to Kuznets' study on Modern Economic Growth for which he was awarded the 1971 Nobel Prize in economics. The main elements are already hinted at in Kuznets’ 1930 study on Secular Movements in Production and Prices and became his main project from the late 1940s, culminating in the publication of the ten long articles in Economic Development and Cultural Change (1956–1967) and the monographs on Modern Economic Growth (1966) and on the Economic Growth of Nations (1971).