IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v41y2021i4p782-796id2264.html
   My bibliography  Save this article

An assessment of the debates over income distribution and growth in the Neo-Kaleckian literature

Author

Listed:
  • Sulafa Nofal

Abstract

Kaleckian literature is considered an important theme in the post-Keynesianschool of economic thought. In the aftermath of the financial crisis, the endeavors offorming a new consensus regarding essential economic issues, in particular achievingeconomic growth became a need. Thus, the Kaleckian models returned to be in the spotsince these models tackle the impact of changes in the distribution of income and addressthe question whether a redistribution of income away from wages and towards profits iscapable of boosting growth. In this sense, this paper return to Kaleckian insights and offersa theoretical discussion of the distributional effects on aggregate demand and economicgrowth. Moreover, through the lens of neo-Kaleckian tradition, the evolution of the debateon wage-led and profit-led regimes in recent decades can be traced. JEL Classification: E21; E12; E11.

Suggested Citation

  • Sulafa Nofal, 2021. "An assessment of the debates over income distribution and growth in the Neo-Kaleckian literature," Brazilian Journal of Political Economy, Center of Political Economy, vol. 41(4), pages 782-796.
    • Handle: RePEc:ekm:repojs:v:41:y:2021:i:4:p:782-796:id:2264
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2264/2248
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Economic growth; income distribution; Kaleckian models; wage-led; profit-led;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

    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:ekm:repojs:v:41:y:2021:i:4:p:782-796:id:2264. 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: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    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.