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Critica della teoria neoclassica della crescita e della distribuzione

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  • Luigi Pasinetti

    (Universit? Cattolica del S. Cuore, Istituto di teoria economica e metodi quantitativi, Milano)

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    Abstract

    The paper surveys the main theories of income distribution in their relationship with the theories of economic growth. First, the Classical approach is considered, focusing on the Ricardian theory. Then the neoclassical theory is discussed, highlighting its origins (Bohm-Bawerk, Wicksell, Clark) and the role of the aggregate production function. The emergence of a "Keynesian" theory of income distribution in the wake of Harrod's model of growth is then recalled together with the surprising resurgence of the neoclassical theory (following the contributions of Solow and Meade). But, as the paper shows, the neoclassical theory of income distribution lacks logical consistency and has shaky foundations, as has been revealed by the severe critiques moved to the neoclassical production function. Mainstream economic literature circumvents this problem by simply ignoring it; while the models of endogenous growth exclude the issue of distribution theory from their consideration. However, while mainstream economics bypasses the problems of income distribution, this is too relevant an issue to be ignored and a number of new research lines, briefly surveyed, try new approaches to it.

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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/10133/10025
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    Bibliographic Info

    Article provided by Economia civile in its journal Moneta e Credito.

    Volume (Year): 53 (2000)
    Issue (Month): 210 ()
    Pages: 187-232

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    Handle: RePEc:psl:moneta:2000:22

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    Web page: http://www.economiacivile.it

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    Related research

    Keywords: Distribution; Economic Growth; Growth; Income Distribution; Income;

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    References

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    1. Bertola, Giuseppe, 1993. "Factor Shares and Savings in Endogenous Growth," American Economic Review, American Economic Association, vol. 83(5), pages 1184-98, December.
    2. Atkinson, A B, 1997. "Bringing Income Distribution in from the Cold," Economic Journal, Royal Economic Society, vol. 107(441), pages 297-321, March.
    3. Hahn, Frank, 1982. "The Neo-Ricardians," Cambridge Journal of Economics, Oxford University Press, vol. 6(4), pages 353-74, December.
    4. Oded Galor & Joseph Zeira, 2013. "Income Distribution and Macroeconomics," Working Papers 2013-12, Brown University, Department of Economics.
    5. Alberto Alesina & Dani Rodrik, 1991. "Distributive Politics and Economic Growth," NBER Working Papers 3668, National Bureau of Economic Research, Inc.
    6. Robert M. Solow, 2000. "La teoria neoclassica della crescita e della distribuzione," Moneta e Credito, Economia civile, vol. 53(210), pages 149-185.
    7. Joseph E. Stiglitz, 1967. "Distribution of Income and Wealth Among Individuals," Cowles Foundation Discussion Papers 238, Cowles Foundation for Research in Economics, Yale University.
    8. Fisher, Franklin M, 1971. "Aggregate Production Functions and the Explanation of Wages: A Simulation Experiment," The Review of Economics and Statistics, MIT Press, vol. 53(4), pages 305-25, November.
    9. Burmeister,Edwin, 1980. "Capital Theory and Dynamics," Cambridge Books, Cambridge University Press, number 9780521297035, October.
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    Cited by:
    1. Giovanni Bonifati, 2002. "Produzione, investimenti e produttivitˆ. Rendimenti crescenti e cambiamento strutturale nellÕindustria manifatturiera americana (1960-1994)," Moneta e Credito, Economia civile, vol. 55(217), pages 19-54.

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