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The Kalecki-Robinson Tradition in Post-Keynesian Growth Theory

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  • Mark Setterfield

    (Department of Economics, New School For Social Research, USA)

Abstract

The Kalecki-Robinson tradition in growth theory is surveyed, focusing on a central theme of this literature: the relationship between distribution and growth. A generic model is used to develop successive variants of the Kalecki-Robinson tradition: the neo- Keynesian (Robinson) model; the Kalecki-Steindl (Kaleckian) model; and the Bhaduri- Marglin model. Selected recent developments that offer new insights into the relationship between distribution and growth are then outlined.

Suggested Citation

  • Mark Setterfield, 2024. "The Kalecki-Robinson Tradition in Post-Keynesian Growth Theory," Working Papers 2402, New School for Social Research, Department of Economics.
    • Handle: RePEc:new:wpaper:2402
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    References listed on IDEAS

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    More about this item

    Keywords

    Growth; distribution; technical change; Kalecki; Robinson;
    All these keywords.

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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