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Die Bedeutung der Kreislauftheorie der Verteilung für Wirtschaftstheorie und Wirtschaftspolitik / The Consequences of the Kaldorian Macroeconomic Theory of Distribution for Economic Theory and Economic Policy

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  • Oberhäuser Alois

    (Institut für Finanzwissenschaft, Albert-Ludwigs-Universität Freiburg, Europaplatz 1. D-79098 Freiburg)

Abstract

The Kaldorian macroeconomic theory of distribution is more or less ignored in our science, despite it has, in the view of the author, substantial explanatory power for real economics. It is not only able to explain (for equilibrium and disequilibrium situations) the distribution of macroeconomic income on wage and profit earners through the structure of the goods usage of the national product. Even more important, it explains the adjustment of private savings to the demand for investible funds (private net investments, public deficit and current account balances) through changes in the distribution and the level of national income. The empirical facts support this statement.

Suggested Citation

  • Oberhäuser Alois, 1996. "Die Bedeutung der Kreislauftheorie der Verteilung für Wirtschaftstheorie und Wirtschaftspolitik / The Consequences of the Kaldorian Macroeconomic Theory of Distribution for Economic Theory and Economi," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 215(2), pages 129-142, April.
    • Handle: RePEc:jns:jbstat:v:215:y:1996:i:2:p:129-142
    DOI: 10.1515/jbnst-1996-0202
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    Cited by:

    1. Fachinger, Uwe, 1998. "Die Verteilung der Vermögen privater Haushalte: Einige konzeptionelle Anmerkungen sowie empirische Befunde für die Bundesrepublik Deutschland," Working papers of the ZeS 13/1998, University of Bremen, Centre for Social Policy Research (ZeS).

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