Modern Theories of Income DistributionTextbook presenting an introduction to economic theories of income distribution evolved since the 1930s - surveys neoclassical equilibrium theory, and discusses neo-ricardian supply and demand and robinson's and pasinetti's theories. Bibliography pp. 187 to 193 and graphs. |
Contents
Neoclassical GeneralEquilibrium Theory | 15 |
commodities agents | 28 |
Debreus analysis of existence | 36 |
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agents aggregate analysis Arrow and Hahn Arrow-Debreu Arrow-Debreu model assumed assumptions capitalist consumption Chapter choices commodity bundle comparative statics competitive concept Consequently considered consumer consumption set dealt Debreu defined demand and supply determine ensure equal equations equilibrium price example excess demand existence exogenous factors factors of production Figure framework Garegnani general-equilibrium theory given golden age growth Harcourt higher implies income indifference curves inputs intertemporal involving Keynesian labour marginal product mark-up markets money wage neo-Keynesian neo-Ricardian neoclassical economics neoclassical theory output Pasinetti price set product of capital production function production set profit maximisation rate of accumulation rate of interest rate of profit rate of return ratio real wage refer regarded relative prices relevant represented returns to scale Robinson savings propensity set of prices short period supply and demand technical progress technique tion utilised variables wage rate wage share zero