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Post-Keynesian Theories of Distribution

  • Athanasios Asimakopulos
Chapter
Part of the Recent Economic Thought Series book series (RETH, volume 12)

Abstract

The factor incomes that appear in post-Keynesian theories of income distribution are profits (a category that includes interest and rent, as well as dividends and retained earnings) and wages (a category that includes salaries, except possibly the salaries of higher business executives that may be considered part of profits). There are three features that distinguish these theories: (1) they consider investment to be an important determinant of profits; (2) they assume that, at least over a wide range of possible values, investment is independent of saving, with saving adapting to investment; and (3) the propensity to save out of profits is assumed to be greater than the propensity to save out of wages.

Keywords

Income Distribution Real Wage Profit Margin Full Employment Labor Share 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Kluwer Academic Publishers 1988

Authors and Affiliations

  • Athanasios Asimakopulos

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