Abstract
Marx treats the determinants of income distribution within the framework laid out by his classical predecessors, especially Smith and Ricardo. The classical framework did not, however, provide Marx with a single, logically consistent argument upon which he could base his own analysis. Instead, it incorporated elements of several distinct theories which lead in different directions. Marx continues along the different paths first cleared by Smith and Ricardo, at some points following one, at some points another. In this chapter, we investigate the different paths followed by Marx, seeing how they sometimes cross, sometimes meet, and sometimes take us in opposite directions.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Eichner, A. (1976). The Megacorp and Oligopoly. Cambridge: Cambridge University Press.
Garegnani, P. (1984). Value and distribution in the classical economists and Marx. Oxford Economic Papers 36 (June): 2.
Kalecki, M. (1965). The Theory of Economic Dynamics. London: George Allen and Unwin.
Levine, D. (1973). Accumulation and Technical Change in Marxian Economics. Ph.D. dissertation, Yale University.
Levine, D. (1975). The theory of the growth of the capitalist economy. Economic Development and Cultural Change 24 (October): 1.
Levine, D. (1978 and 1981). Economic Theory, Two vols. London: Routledge & Kegan Paul.
Mainwaring, L. (1984). Value and Distribution in Capitalist Economies. Cambridge: Cambridge University Press.
Marglin, L. (1984). Growth, Distribution, and Prices. Cambridge, MA: Harvard University Press.
Marx, K. (1933). Value, Price and Profit. New York: International Publishers.
Marx, K. (1967). Capital, three vols. New York: International Publishers.
Marx, K. (1973). Grundrisse. Harmondsworth: Penguin Books.
Pasinetti, L. (1981). Structural Change and Economic Growth. Cambridge: Cambridge University Press.
Robinson, J. (1942). An Essay on Marxian Economics. New York: St. Martin’s.
Robinson, J. (1956). The Accumulation of Capital. New York: St. Martin’s.
Rowthorn, R. (1980). Conflict, inflation and money. In R. Rowthorn, Capitalism, Conflict and Inflation. London: Lawrence and Wishart.
Smith, A. (1937). The Wealth of Nations. New York: Modern Library.
Sraffa, P. (1960). The Production of Commodities by Means of Commodities. Cambridge: Cambridge University Press.
Steedman, I. (1977). Marx After Sraffa. London: New Left Books.
Steindl, J. (1952). Maturity and Stagnation in American Capitalism. Oxford: Blackwell.
Sweezy, P. (1956). The Theory of Capitalist Development. New York: Monthly Review Press.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1988 Kluwer Academic Publishers
About this chapter
Cite this chapter
Levine, D.P. (1988). Marx’s Theory of Income Distribution. In: Asimakopulos, A. (eds) Theories of Income Distribution. Recent Economic Thought Series, vol 12. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2661-5_3
Download citation
DOI: https://doi.org/10.1007/978-94-009-2661-5_3
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-7699-9
Online ISBN: 978-94-009-2661-5
eBook Packages: Springer Book Archive