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Post-Keynesian Theory of Distribution in the Long Run

In: Nicholas Kaldor and Mainstream Economics

Author

Listed:
  • N. Salvadori

Abstract

As is well known, the post-Keynesian theory of distribution was generated during the 1950s in Cambridge (Cambridgeshire). The first formal presentation was given in a seminal paper in 1956 by Kaldor. After that Kaldor utilized this theory in formalizing several growth models (Kaldor, 1957,1961; Kaldor and Mirrlees, 1962) in order to provide a solution to Harrod’s problem on the convergence of the ‘warranted’ growth rate to the ‘natural’ growth rate. After 1966 Kaldor did not return to the post-Keynesian theory of distribution except to clarify the origins of the theory (Kaldor, 1978, 1980).

Suggested Citation

  • N. Salvadori, 1991. "Post-Keynesian Theory of Distribution in the Long Run," Palgrave Macmillan Books, in: Edward J. Nell & Willi Semmler (ed.), Nicholas Kaldor and Mainstream Economics, chapter 9, pages 164-189, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10947-0_9
    DOI: 10.1007/978-1-349-10947-0_9
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    Cited by:

    1. Wei-Bin Zhang, 2020. "Monopsony and Discrimination in Labor Market in the Solow-Stiglitz Two-Group Neoclassical Growth Model," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 6(1), pages 1-19, June.
    2. Wei-Bin Zhang, 2014. "Wealth and Income Distribution among Heterogeneous Households in a Neoclassical Growth Model with One Capital and Multiple Consumer Goods," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 48-61.

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