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Business Savings and the Macroeconomic Distribution of Income : The "Monopoly Capitalism" Saving Function

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  • Pitelis, Christos N

Abstract

The idea that different types of income - classes of income recipients will have different patterns of savings-consumption behaviour, has assumed a prominent position among economic theorists throughout the years. Recent theorising however, does not support this biew. This effectively raises the issue of the nature of the savings function under conditions of monopoly capitalism ; and this problem we try to tackle in this paper.

Suggested Citation

  • Pitelis, Christos N, 1982. "Business Savings and the Macroeconomic Distribution of Income : The "Monopoly Capitalism" Saving Function," The Warwick Economics Research Paper Series (TWERPS) 219, University of Warwick, Department of Economics.
    • Handle: RePEc:wrk:warwec:219
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    References listed on IDEAS

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    1. Dixit, A. K., 1976. "The Theory of Equilibrium Growth," OUP Catalogue, Oxford University Press, number 9780198770817.
    2. Granger, C. W. J. & Newbold, P., 1974. "Spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 2(2), pages 111-120, July.
    3. Feldstein, Martin S & Fane, George, 1973. "Taxes, Corporate Dividend Policy and Personal Savings: The British Postwar Experience," The Review of Economics and Statistics, MIT Press, vol. 55(4), pages 399-411, November.
    4. Lambrinides, Matthew J., 1973. "Private Saving And The Macro-Economic Distribution Of Income: The 'Classical' And The 'Managerial' Saving Functions," Economic Research Papers 268837, University of Warwick - Department of Economics.
    5. Lambrinides, Matthew, 1973. "Private Saving and the Macroeconomic Distribution of Income: The 'Classical' and the Managerial Savings Function," The Warwick Economics Research Paper Series (TWERPS) 036, University of Warwick, Department of Economics.
    6. Murfin, A. J., 1980. "Savings Propensities from Wage and Non-Wage Income," Economic Research Papers 269072, University of Warwick - Department of Economics.
    7. Feldstein, Martin S., 1973. "Tax incentives, corporate saving, and capital accumulation in the United States," Journal of Public Economics, Elsevier, vol. 2(2), pages 159-171, April.
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