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The Long Period: Old and New Growth Models

In: Introduction to Post-Keynesian Economics

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  • Marc Lavoie

Abstract

As stated in Chapter 1, post-Keynesians are usually known for their models of growth and distribution, developed in 1956 by such Cambridge economists as Robinson and Kaldor. The main purpose of these early models was to explain the distribution of income, more specifically the profit rate, for a given growth rate, without falling back on the standard neoclassical theory of marginal productivity.

Suggested Citation

  • Marc Lavoie, 2009. "The Long Period: Old and New Growth Models," Palgrave Macmillan Books, in: Introduction to Post-Keynesian Economics, chapter 5, pages 108-130, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-23548-9_5
    DOI: 10.1057/9780230235489_5
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