Abstract
It is hard to imagine a more important topic within Marxian economics than the distribution of income and the means of production among the principal classes in capitalist economies. For example: (1) The share of profits (or, inversely, the share of wages) constitutes one important component of the rate of profit. (2) The rate of profit operates as a fundamental determinant of the pace of investment and, therefore, of accumulation. (3) The rate of accumulation serves as a kind of life-force invigorating capitalist economies over time – regulating their growth and development, and the wealth of their participants. (4) Distribution, production and accumulation are thus fundamentally interconnected, forming the foundation of lives and livelihoods in capitalist societies.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Armstrong, P., A. Glyn, and J. Harrison. 1984. Capitalism since World War II. London: Fontana.
Baran, P.A., and P.M. Sweezy. 1966. Monopoly capitalism. New York: Monthly Review Press.
Bleaney, M. 1976. Underconsumption theories. New York: International Publishers.
Bluestone, B., and B. Harrison. 1982. The deindustrialization of America. New York: Basic Books.
Boddy, R., and J. Crotty. 1975. Class conflict and macro policy: The political business cycle. Review of Radical Political Economics.
Bowles, S., and H. Gintis. 1977. The Marxian theory of value and heterogeneous labour: A critique and reformulation. Cambridge Journal of Economics 1(2): 173–192.
Bowles, S., and H. Gintis. 1982. The crisis of liberal democratic capitalism: The case of the U.S. Politics and Society.
Bowles, S., D.M. Gordon, and T.E. Weisskopf. 1986. Power and profits: The social structure of accumulation and the profitability of the postwar U.S. economy. Review of Radical Political Economics.
Glyn, A., and B. Sutcliffe. 1972. British capitalism, workers and the profits squeeze. Harmondsworth: Penguin.
Gordon, D.M., R. Edwards, and M. Reich. 1982. Segmented work, divided workers. New York: Cambridge University Press.
Gough, I. 1979. The political economy of the welfare state. London: Macmillan.
Harris, D.J. 1978. Capital accumulation and income distribution. Stanford: Stanford University Press.
Kalecki, M. 1968. Trend and business cycle. In Selected essays on the dynamics of the capitalist economy, 1933–1970, ed. M. Kalecki. Cambridge: Cambridge University Press, 1971.
Kalecki, M. 1971. Class struggle and distribution of national income. In Selected essasys, ed. M. Kalecki. op. cit.
Lenin, V.I. 1917. Imperialism, the highest stage of capitalism. In Selected works, one-volume ed. New York: International Publishers, 1971.
Mandel, E. 1972. Late capitalism, English ed. Trans. Joris De Bres, London: New Left Books, 1975.
Marglin, S. 1984. Growth, distribution, and prices. Cambridge, MA: Harvard University Press.
Marx, K. 1867. Capital, vol. I. New York: International Publishers, 1967.
Marx, K. 1894. Capital, vol. III. New York: International Publishers, 1967.
Resnick, S.A., and R.D. Wolff. 1985. A Marxian reconceptualization of income and its distribution. In Rethinking Marxism, ed. S.A. Resnick and R.D. Wolff. Brooklyn: Autonomedia.
Shaikh, A. 1978. An introduction to the history of crisis theories. In U.S. capitalism in crisis. New York: Union for Radical Political Economics.
Weisskopf, T.E. 1979. Marxian crisis theory and the rate of profit in the postwar U.S. economy. Cambridge Journal of Economics 3(4): 341–378.
Weisskopf, T.E., S. Bowles, and D.M. Gordon. 1983. Hearts and minds: A social model of U.S. productivity growth. Brookings Papers on Economic Activity, No. 2.
Wilkinson, F. (ed.). 1981. The dynamics of labour market segmentation. London: Academic Press.
Wright, E.O. 1978. Class, crisis, and the state. London: New Left Books.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Gordon, D.M. (2018). Distribution Theories: Marxian. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_560
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_560
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences