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Some Comments after Forty Years of Alternative Distribution Theories

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  • Craven J.
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    Abstract

    This paper discusses developments in capital theory since the publication of Kaldor's seminal paper Alternative Theories of Distribution. It argues that different approaches simplify issues in different ways and that each of these simplifications is important in developing a coherent and comprehensive theory of capital and distribution. The paper reviews the work of neoclassical authors, post-Keynesians, Hicks and Sraffa and includes comments on the extent to which the theoretical framework can incorporate generalisations such as increasing returns.

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    Bibliographic Info

    Paper provided by Portsmouth University - Department of Economics in its series Papers with number 108.

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    Length: 25 pages
    Date of creation: 1998
    Date of revision:
    Handle: RePEc:fth:portec:108

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    Postal: U.K.; University of Portsmouth; Department of Economics, Locksway Road, Milton, Southsea Hants PO4 8JF, UK
    Phone: 44 (0)1705 844082
    Fax: +44 (0)1705 844037
    Web page: http://www.pbs.port.ac.uk/econ/index.html
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    Keywords: INCOME DISTRIBUTION ; ECONOMIC THEORY;

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