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A Note on the "Kalecki-Steindl" Steady-State Approach to Growth and Income Distribution

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  • Park, Man-Seop

Abstract

It is argued that the use of an aggregate accumulation function in the 'Kalecki-Steindl' approach conceals the problem of overdetermination in that approach. Three possible solutions to overdetermination within the framework of that approach are then shown to pose serious problems. A suggestion is made of a different interpretation of the Kalecki-Steindl results, still along the lines inspired by Kalecki and Steindl. Copyright 1995 by Blackwell Publishers Ltd and The Victoria University of Manchester

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  • Park, Man-Seop, 1995. "A Note on the "Kalecki-Steindl" Steady-State Approach to Growth and Income Distribution," The Manchester School of Economic & Social Studies, University of Manchester, vol. 63(3), pages 297-310, September.
  • Handle: RePEc:bla:manch2:v:63:y:1995:i:3:p:297-310
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    Cited by:

    1. Marc Lavoie, 2016. "Convergence Towards the Normal Rate of Capacity Utilization in Neo-Kaleckian Models: The Role of Non-Capacity Creating Autonomous Expenditures," Metroeconomica, Wiley Blackwell, vol. 67(1), pages 172-201, February.

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