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Income Distribution

Bibliographic data

Works

Document type:
Works
Collection:
Josef Steindl Collection
Title:
Income Distribution: Lecture Notes and Reading List, Stanford University Spring Quarter 1974-1975
Author:
Steindl, Josef
Scope:
Manuskript (110 Blätter), Typoskript (2 Blätter)
Year of publication:
1975
Language:
German English
Description:
The lecture notes contain theories of profits as surplus based on concepts of surplus, marginal productivity theory, distribution theory based on imperfection of markets, the role of imperfection of capital markets and of the scarcity of entrepreneurial risk capital, inflation as an underground fight about income distribution and the personal distribution of income and wealth and its relations to the functional distribution.
Note:
Zusatz zum Titel fingiert. - Diese Lecture Notes bilden auch die Basis für Steindls Vorlesung zu Verteilungstheorie im Sommersemester 1976 an der Universität Wien (Signatur S/M.16.2).
Topic:
Saving and distribution
JEL Classification:
D31 [Personal Income, Wealth, and Their Distributions]
Shelfmark:
S/M.16.1
Rights of use:
All rights reserved
Access:
Free access

Full text

Economics 219 
Professor Josef Steindl 
197U-1975 
. Spring Quarter 
Reading List 
Income Distribution 
I. Theories of profits aa surplus, based on the concept of a subsistence 
wage: Smith, Ricardo, Marx; The Ricardian Renaissance (Neo-Ricardian).. 
II. Marginal Productivity Theory 
A. The American tradition: J. B. Clark, Paul Douglas 
A symmetric treatment of the factors of production. 
The Cobb-Douglas Function; empirical evidence. 
V III. 
B. The attempts at defining and measuring capital as a physical 
unit. 
(Bohm-Bawerk, Wicksell; T he Modern Capital Controversy: 
"The Switching Theorum." 
Distribution theory based on "monopoly" (imperfection of markets): 
M. Kalecki 
4 
The "mark-up" on prime cost is determined by the degree of market power 
(monopoly). Distribution theory is based on this explanation of cost- 
price relations. 
IV. The role of imperfection of capital markets and of the scarcity of 
entrepreneurial risk capital; profit adapts itself to the exigencies 
of capital accumulation (investment) both in short and long run: 
Joan Robinson; J. Steindl; Nicholas Kaldor, L. L. Pasinetti. 
V. Inflation as an underground fight about income distribution. 
VI. Personal distribution of income and wealth and its relations to the 
functional distribution; the stochastic approach of Champernowne; 
explanation of the Pareto distribution of wealth and income as a 
steady state of a stochastic process. 
The following reading list, without being in any way comprehensive, aims 
at giving the interested student sufficient choice to pursue his special 
interests. The following books are, however, generally recommended as 
introduction to the subject: Bronfenbrenner, Dobb, and Pasinetti (see 
the following page).
	        

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