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POST KEYNESIAN THEORY OF GROWTH AND DISTRIBUTION
This important reference collection presents the key literature on the post Keynesian theory of growth and distribution from its origins in the writings of Kaldor and Passinetti, through the subsequent debate on the Passinetti theorem to the most recent developments in the current literature. It includes the key literature on the conditions of existence of the working and capitalist class in the long run, acknowledging the possibility of non-linear saving functions, different interest rates and joint production. It also includes material on the consequences for the theory of the action of corporations, international trade and the public sector (with taxation and its financing requirements through money and bonds).
More Information
Contributors
Contents
More Information
This important reference collection presents the key literature on the post Keynesian theory of growth and distribution from its origins in the writings of Kaldor and Passinetti, through the subsequent debate on the Passinetti theorem to the most recent developments in the current literature. It includes the key literature on the conditions of existence of the working and capitalist class in the long run, acknowledging the possibility of non-linear saving functions, different interest rates and joint production. It also includes material on the consequences for the theory of the action of corporations, international trade and the public sector (with taxation and its financing requirements through money and bonds).
Post Keynesian Theory of Growth and Distribution is an indispensable reference companion to an important branch of the non-orthodox tradition in economics.
Post Keynesian Theory of Growth and Distribution is an indispensable reference companion to an important branch of the non-orthodox tradition in economics.
Contributors
Contributors include: P. Davidson, N. Kaldor, J.A. Kregel, L. Mainwaring, L.L. Pasinetti, I. Steedman
Contents
CONTENTS
INTRODUCTION
N. Kaldor (1956), ‘Alternative Theories of Distribution’
R. F. Kahn (1959), ‘Exercises in the Analysis of Growth’
L. L. Pasinetti (1962), ‘Rate of Profit and Income Distribution in Relation to the Rate of Economic Growth’
DUAL AND NEO-PASINETTI THEOREM
J. E. Meade (1966), ‘The Outcome of the Pasinetti-Process: A Note’
P. Samuelson and F. Modigliani (1966), ‘Reply to Pasinetti and Robinson’
N. Kaldor (1966), ‘Marginal Productivity and the Macro-Economic Theories of Distribution’
L. L. Pasinetti (1974), ‘The Rate of Profit in an Expanding Economy’
TWO-CLASS ECONOMY EXISTENCE
P. Balestra and M. Baranzini (1971), ‘Some Optimal Aspects in a Two-class Growth Model with a Differentiated Interest Rate’
A. C. Chiang (1973), ‘A Simple Generalization of the Kaldor-Pasinetti Theory of Profit Rate and Income Distribution’
K. L. Gupta (1976), ‘Differentiated Interest Rat and Kaldor-Pasinetti Paradoxes’
J. Mückl (1978), ‘On the Existence of Two-Class Economy in the Cambridge Models of Growth and Distribution’
E. Fazi and N. Salvadori (1981), ‘The Existence of a Two-class Economy in the Kaldor Model of Growth and Distribution’
L. L. Pasinetti (1983), ‘Conditions of Existence of a Two-class Economy in the Kaldor and More General Models of Growth and Income Distribution’
E. Fazi and N. Salvadori (1985), ‘The Existence of a Two-class Economy in a General Cambridge Model of Growth and Distribution’
TECHNOLOGY
R. Franke (1985), ‘On the Upper- and Lower-Bounds of Workers Propensity to Save in a Two-class Pasinetti Economy’
C. Bidard and E. Hosoda (1987), ‘On Consumption Baskets in a Generalized von Neumann Model’
C. Bidard and R. Franke (1987), ‘On the Existence of Long-Term Equilibria in the Two-class Pasinetti-Morishima Model’
N. Salvadori (1988), ‘The Existence of a Two-class economy in a General Cambridge Model of Growth and Distribution: An Addendum’
N. Salvadori (19988), ‘Fixed Capital within a von Neumann-Morishima Model of Growth and Distribution’
CORPORATE ECONOMY: SAVING FUNCTIONS AND FINANCIAL ASSETS
P. Pettenati (1967), ‘Pasinetti’s Theorem in a Modern Institutional Framework’
P. Davidson (1968), ‘Money, Portfolio Balance, Capital Accumulation and Economic Growth’
P. Davidson (1968), ‘The Demand and Supply of Securities and Economic Growth and its Implications for the Kaldor-Pasinetti versus Samuelson-Modigliani Controversy’
B. J. Moore (1975), ‘Equities, Capital Gains and the Role of Finance in Accumulation’
S. J. Moss (1978), ‘The Post-Keyensian Theory of Income Distribution in the Corporate Economy’
P. Skott (1981), ‘On the “Kaldorian” Saving Function’
J. A. Kregel (1985), ‘Hamlet without the Prince: Cambridge Macroeconomics without Money’
PUBLIC SECTOR AND INTERNATIONAL TRADE
I. Steedman (1972), ‘The State and the the Outcome of the Pasinetti Process’
I. Steedman (1973), ‘Some Long-run Equilibrium Tax Theory’
P. Pettenati (1974), ‘The Rate of Interest and the Rate of Profits in a Capitalist Society: A Neo-Keynesian Model of Money Distribution and Growth’
L. Mainwaring (1980), ‘International Investment and the “Pasinetti Process”’
M. Marrelli and N. Salvadori (1983), ‘Tax Incidence and Growth Models’
F. H. Fleck and C. -M. Domenghino (1987), ‘Cambridge (U.K.) versus Cambridge (Mass.): A Keynesian Solution of “Pasinetti’s Paradox”’
L. L. Pasinetti (1989), ‘Ricardian Debt Taxation Equivalence in the Kaldor Theory of Profits and Income Distribution’
V. Denicolo and M. Matteuzzi (1990), ‘Public Debt and the “Pasinetti Paradox”’
INTRODUCTION
N. Kaldor (1956), ‘Alternative Theories of Distribution’
R. F. Kahn (1959), ‘Exercises in the Analysis of Growth’
L. L. Pasinetti (1962), ‘Rate of Profit and Income Distribution in Relation to the Rate of Economic Growth’
DUAL AND NEO-PASINETTI THEOREM
J. E. Meade (1966), ‘The Outcome of the Pasinetti-Process: A Note’
P. Samuelson and F. Modigliani (1966), ‘Reply to Pasinetti and Robinson’
N. Kaldor (1966), ‘Marginal Productivity and the Macro-Economic Theories of Distribution’
L. L. Pasinetti (1974), ‘The Rate of Profit in an Expanding Economy’
TWO-CLASS ECONOMY EXISTENCE
P. Balestra and M. Baranzini (1971), ‘Some Optimal Aspects in a Two-class Growth Model with a Differentiated Interest Rate’
A. C. Chiang (1973), ‘A Simple Generalization of the Kaldor-Pasinetti Theory of Profit Rate and Income Distribution’
K. L. Gupta (1976), ‘Differentiated Interest Rat and Kaldor-Pasinetti Paradoxes’
J. Mückl (1978), ‘On the Existence of Two-Class Economy in the Cambridge Models of Growth and Distribution’
E. Fazi and N. Salvadori (1981), ‘The Existence of a Two-class Economy in the Kaldor Model of Growth and Distribution’
L. L. Pasinetti (1983), ‘Conditions of Existence of a Two-class Economy in the Kaldor and More General Models of Growth and Income Distribution’
E. Fazi and N. Salvadori (1985), ‘The Existence of a Two-class Economy in a General Cambridge Model of Growth and Distribution’
TECHNOLOGY
R. Franke (1985), ‘On the Upper- and Lower-Bounds of Workers Propensity to Save in a Two-class Pasinetti Economy’
C. Bidard and E. Hosoda (1987), ‘On Consumption Baskets in a Generalized von Neumann Model’
C. Bidard and R. Franke (1987), ‘On the Existence of Long-Term Equilibria in the Two-class Pasinetti-Morishima Model’
N. Salvadori (1988), ‘The Existence of a Two-class economy in a General Cambridge Model of Growth and Distribution: An Addendum’
N. Salvadori (19988), ‘Fixed Capital within a von Neumann-Morishima Model of Growth and Distribution’
CORPORATE ECONOMY: SAVING FUNCTIONS AND FINANCIAL ASSETS
P. Pettenati (1967), ‘Pasinetti’s Theorem in a Modern Institutional Framework’
P. Davidson (1968), ‘Money, Portfolio Balance, Capital Accumulation and Economic Growth’
P. Davidson (1968), ‘The Demand and Supply of Securities and Economic Growth and its Implications for the Kaldor-Pasinetti versus Samuelson-Modigliani Controversy’
B. J. Moore (1975), ‘Equities, Capital Gains and the Role of Finance in Accumulation’
S. J. Moss (1978), ‘The Post-Keyensian Theory of Income Distribution in the Corporate Economy’
P. Skott (1981), ‘On the “Kaldorian” Saving Function’
J. A. Kregel (1985), ‘Hamlet without the Prince: Cambridge Macroeconomics without Money’
PUBLIC SECTOR AND INTERNATIONAL TRADE
I. Steedman (1972), ‘The State and the the Outcome of the Pasinetti Process’
I. Steedman (1973), ‘Some Long-run Equilibrium Tax Theory’
P. Pettenati (1974), ‘The Rate of Interest and the Rate of Profits in a Capitalist Society: A Neo-Keynesian Model of Money Distribution and Growth’
L. Mainwaring (1980), ‘International Investment and the “Pasinetti Process”’
M. Marrelli and N. Salvadori (1983), ‘Tax Incidence and Growth Models’
F. H. Fleck and C. -M. Domenghino (1987), ‘Cambridge (U.K.) versus Cambridge (Mass.): A Keynesian Solution of “Pasinetti’s Paradox”’
L. L. Pasinetti (1989), ‘Ricardian Debt Taxation Equivalence in the Kaldor Theory of Profits and Income Distribution’
V. Denicolo and M. Matteuzzi (1990), ‘Public Debt and the “Pasinetti Paradox”’