Distribution and Growth

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Distribution and Growth

Author:: Steindl, Josef

Scope:: Typoskript, 19 Blätter; mit handschrifltichen Anmerkungen und Ergänzungen sowie 1 Notizblatt mit handschriftlichem Text, geheftet.

Year of publication:: ohne Datum

Language:: English

Note:: Notizblatt mit dem Titel "Include in the lecture on distribution".

Topic:: Saving and distribution

JEL Classification:: O11 [Macroeconomic Analyses of Economic Development]

Shelfmark:: S/M.71.4

Use and reproduction license:: In Copyright

Access:: Free access

DOI:: https://doi.org/10.48671/nls.js.AC14446258

Chapter

Document type:: Chapter

Collection:: Josef Steindl Collection

Title:: Distribution and Growth.

Access:: Free access

18 however, that this applies to profits at given utilization. The actual profit share owing to the variations in the degree of utilization (which are important also in the long run not only in the cycle) will vary more, in accordance with 1) the changing rate of growth. 1) It will be noted that the constant share of Bowley applied to the wage of manual workers only which at that time might have been regarded as approximately proportionate cost. The remaining non-wage share was less subject to the effect of changing utilization. This was the concept of gross profit which (in relation to wage plus material cost) was used by Kalecki to define his mark-up.

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