Investment, employment and income distribution
Author(s)
Bibliographic Information
Investment, employment and income distribution
（Aspects of political economy）
Polity Press, 1988
Available at / 43 libraries
-
Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
330.1-1589081000079087
-
No Libraries matched.
- Remove all filters.
Note
Bibliography: p. 216-226
Includes indexes
Description and Table of Contents
Description
This book provides an analysis of the theories developed by Keynes, Kalecki and Joan Robinson. The author criticizes their work in certain respects, and attempts to build upon their ideas in addressing a range of problems concerning investment, employment and income distribution. The book develops a theory of income distribution which is based on Kalecki's theory of pricing and his explanation of the determination of the total level of profits. This theory is used to consider the incidence of taxation, and it is shown that there can be significant differences between the legal and economic incidence of taxation under certain circumstances. The macroeconomic determinants of profits in an open economy are then used to examine the changes in profits in the United States economy in the post-war period. Keynes's theory of effective demand is restated to eliminate an error in his initial definition of the aggregate demand function. The book argues that the short-period setting of Keynes's theory, and his emphasis on the importance of uncertainty and changing conditions over time, leave no room in his approach for serious consideration of long-term equilibrium conditions.
This approach is contrasted with that of Sraffa in "Production of Commodities by Means of Commodities". The author examines Joan Robinson's main contributions to economic theory, paying particualar attention to her attempt to generalize Keynes's theory to the long period. This highlights the importance of Kalecki's formulation of the theory of effective demand in her work.
Table of Contents
- Introduction - Kalecki, Keynes and Robinson Chapter
- a Kaleckian theory of income distribution
- the short-period incidence of taxation
- Kalecki on the determinants of profits
- Keynes' theory of effective demand revisited
- Keynes and Sraffa - visions and perspectives
- Kalecki and Keynes on finance, investment and saving
- anticipations of Keynes's general theory?
- Joan Robinson and economic theory.
by "Nielsen BookData"
