Distribution and Growth

Steindl, Josef

Bibliographic data

Works

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

6 2. Distribution and Growth In so far as the explanation of distribution in terms of quantity is not referred to extra-economic considerations anyhow, there are two kinds of approaches to long-term distribution: The one links it up with growth, the other with allocation (capital intensity). The link of distribution and growth has played a role in Marx although it is difficult to disentangle. It comes out in von Neumann's model with the equality of profit and growth rate. It is suggested by Kalecki's profit equation (profit equals investment plus capitalist's consumption) from which both Joan Robinson's golden age rule and Kaldor's distribution paper are derived. The idea is simply: If the saving comes exclusively from profit (and, in the simplest case, all of it is saved), and if income bears a constant relation to capital, then the share of profit A in income is determined by the growth rate:

Access restriction

Copyright

fullscreen: Distribution and Growth

Works

Chapter

Table of contents

Downloads

Full record

This page

Image fragment

Formats and links

Formats

Links

Cite

Full record

This page

Citation recommendation