haku: @author Park, M. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Park, M. |
| Otsikko: | The Cambridge theory of income distribution: a partial critique |
| Lehti: | Review of Political Economy
1998 : JUL, VOL. 10:3, p. 277-298 |
| Asiasana: | POLITICAL ECONOMY INCOME DISTRIBUTION THEORIES |
| Kieli: | eng |
| Tiivistelmä: | In a multi-sector setting, the Cambridge theory of income distribution -- the argument that the condition of accumulation determines normal income distribution -- requires the assumption of balanced growth for its unambiguous meaning. But consideration of investment behaviour at the sectoral level, without assuming identical sectoral investment behaviour, reveals incompatibility between balanced growth at normal utilization and uniformity in the rates of profit. |
SCIMA