IDEAS home Printed from https://ideas.repec.org/a/bla/kyklos/v27y1974i3p461-481.html
   My bibliography  Save this article

Zur Verteilungstheoretischen Kritik An Keynes

Author

Listed:
  • Erich HÖdl

Abstract

Keynes paid no attention to the problem of distribution. Neo‐Keynesians investigated the dependency of alternative distributions on investment, but did not explain total profits. Growing accumulation of capital and constant distribution cause a decline of profitability. To preserve private investments an increase of total profits would be necessary. However wages are politically given and an increase of government expenditure is limited in its effects because of growing public supply. Distribution is in any case only a precondition for the propensity to invest. According to Keynes investments determine the economic process. A theoretical explanation of distribution is only possible by an explanation of the investment process, which depends on individual profitability and total profits. The theory of distribution has to be a profit theory. By this Keynesian Theory includes a reversal of the classical distribution theory, which starts from the wages.

Suggested Citation

  • Erich HÖdl, 1974. "Zur Verteilungstheoretischen Kritik An Keynes," Kyklos, Wiley Blackwell, vol. 27(3), pages 461-481, August.
    • Handle: RePEc:bla:kyklos:v:27:y:1974:i:3:p:461-481
    DOI: 10.1111/j.1467-6435.1974.tb01095.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-6435.1974.tb01095.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-6435.1974.tb01095.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:kyklos:v:27:y:1974:i:3:p:461-481. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.