Pasinetti's structural economic dynamics.

• The paper elaborates on the complexity of Pasinetti's structural dynamics. • The movement of an economic system towards the natural growth path may require institutional changes. • The movement towards a natural growth path involves historical considerations and attention to the medium term. The paper elaborates on the complexity of Pasinetti's structural dynamics with particular reference to natural full employment growth. The movement of an actual economic system towards the path of natural growth may require institutional changes. A few examples are provided for the changes required to revive an economic system fallen in deep depression. It is argued that those changes may concern not only economic institutions but also political, sociological, and bureaucratic organisations. The analysis, which also involves historical considerations, gains in realism, and directs attention to the possible paths in the medium run. [ABSTRACT FROM AUTHOR]