Critica della teoria neoclassica della crescita e della distribuzione
AbstractThe 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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Bibliographic InfoArticle provided by Economia civile in its journal Moneta e Credito.
Volume (Year): 53 (2000)
Issue (Month): 210 ()
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Web page: http://www.economiacivile.it
Find related papers by JEL classification:
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
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