On the possibility of an ever-increasing wealth concentration: Pasinetti, dual, and anti-dual equilibria in a Post-Keynesian framework
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- Stefan Ederer & Maximilian Mayerhofer & Miriam Rehm, 2021.
"Rich and ever richer? Differential returns across socioeconomic groups,"
Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 44(2), pages 283-301, April.
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More about this item
Keywords
Aggregate demand; autonomous spending; multiplier; profit share; wage-led demand; profit-led demand; monopoly capitalism; markup pricing; tax cuts; Michal Kalecki; Josef Steindl; economic stagnation; wealth distribution; Post-Keynesian model; aggregate demand; Pasinetti; profit rate;All these keywords.
JEL classification:
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D33 - Microeconomics - - Distribution - - - Factor Income Distribution
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HME-2024-12-30 (Heterodox Microeconomics)
- NEP-PKE-2024-12-30 (Post Keynesian Economics)
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