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Growth, distribution, and sectoral heterogeneity: Reading the Kaleckians in Latin America

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  • Fernando Rugitsky

    (University of São Paulo, School of Economics, Business and Accounting, Department of Economics (FEA/USP))

Abstract

The aim of this paper is to explore a parallelism between two episodes in the history of economic thought in order to suggest that the interaction between them can contribute to the research on Kaleckian growth and distribution models. First, a brief summary of the theoretical development from Steindl'sstagnationist claimsto the debate about demand regimesis offered. Then, a more detailed account is provided of the Latin American debate that began with Furtado's stagnationist claims and resulted in the formulation of models of social articulation and disarticulation. Finally, an analytical classification of Kaleckian and Latin American growth and distribution models is provided, indicating the way in which sectoral heterogeneity and demand composition can act as a plausible link between growth and distribution

Suggested Citation

  • Fernando Rugitsky, 2016. "Growth, distribution, and sectoral heterogeneity: Reading the Kaleckians in Latin America," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 17(3), pages 265-278.
    • Handle: RePEc:anp:econom:v:17:y:2016:3:265_278
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    Cited by:

    1. Guilherme Klein Martins & Fernando Rugitsky, 2021. "The Long Expansion and the Profit Squeeze: Output and Profit Cycles in Brazil (1996–2016)," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(3), pages 373-397, September.

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    More about this item

    Keywords

    Income distribution; Demand regimes; Sectoral heterogeneity; Demand composition; Distributive schedule;
    All these keywords.

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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