Income Distribution: Line of Reasoning (Fassung 1)

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Income Distribution: Line of Reasoning (Fassung 1)

Author:: Steindl, Josef

Scope:: Typoskript mit zahlreichen handschriftlichen Anmerkungen und Anstreichungen, 6 Seiten, nummeriert und geklammert

Year of publication:: 1975

Source material date:: [15.08.1975]

Language:: English

Description:: Das vorliegende Typoskript samt handschriftlichen Anmerkungen bezieht sich auf Modelle der Einkommens- und Vermögensverteilung von Pareto, Simon und Champernowne.

Note:: Eine weitere Fassung dieses Typoskripts findet sich unter Signatur S/M.70.2. Zusatz zum Titel in Klammer fingiert.

Related work:: Steindl, Josef: The Pareto Distribution. In: Steindl, Josef: Economic Papers 1941-88. London: Macmillan, 1990, S. 321-327 Steindl, Josef: The Personal Distribution of Income. In: Steindl, Josef: Economic Papers 1941-88. London: Macmillan, 1990, S. 356-371 Steindl, Josef: The Distribution of Wealth after a Model of Wold and Whittle. In: Steindl, Josef: Economic Papers 1941-88. London: Macmillan, 1990, S. 328-355 Steindl, Josef: The Distribution of Wealth after a Model of Wold and Whittle. In: Review of Economic Studies, Vol. 39 (3), July, 1973, S. 263-279

Topic:: Stochastic processes and size distribution

JEL Classification:: D31 [Personal Income, Wealth, and Their Distributions]

Shelfmark:: S/M.70.1

Access:: Free access

h It is required by the above that the grades or rather the difference bitween the grades should be measurable. This measure would be provieded by the scale of operations which again, in my interpretation, has something tquo with the information spg.ce of the individual. The relative income differentials - income per grade times so many percent gives the income of the higher grade,— are determined by a kind of random walk governed by technical developmen^ind organisational development - making for a diffusion process; this will be counteracted by competition through the appearance of new supply - training and eduction of people. Teh distribution of grades will thek.determine the frequency of income receivers in varions classes. The diffusion of managers and stars earnings may be regarded as a change in thecapitalist system - a shift of incomes from wealth to these"new men". It remains to be decided, however, whether the excess incomes of these people are an "additional exploitation", in other words whether they are paid by the workers, or whether they are derived incomes, representing a share in the surplus of capitalist which the latter are gracing to the new men for one reason or another ( Baran-Sweezy would say for the purpose of expanding effective demand , in other wonds as a counter to underconsumption. ) The old classics' ideas about derived income may still prove quite useful in the event. The manager may be likendd to the oa.ior domus who ultimately replaces the letigimate owner who has become decadent. What is the basis for the position of the manager since it is not wealth? One might say it is the distribution of power, but that is not very revealing. I should say it is the scope of his information over which he rules ( he is like the spider in the center of a net ). This is of course the snjae as the scale of operations concept used by T.Mayer, ^he distribution of ability and earnings, fi.E.&S-t.i960.

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