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Important contributions of the Cambridge Equation to the role of political economy: from Pasinetti to our days
[Importantes contribuciones de la Ecuación de Cambridge al papel de la economía política: de Pasinetti a nuestros días]

Author

Listed:
  • João Gabriel de Araujo Oliveira

    (University of Brasilia.)

  • Renato Nozaki Sugahara

    (State University of Londrina.)

Abstract

The theory of the long-run perspective aims to explain how economies grow. On the other hand, Kaldor developed a theory that concerns not only this objective but to build a model also considering the implications in the income distribution. This paper consists of a rigorous review of the evolution of Kaldor’s Theory, treating with government activities, the financial market, and so on, to show the importance of the theme in our days. One contribution of this paper is to lead the researchers to a solid understanding of Growth and Income Distribution Models derivate from the Cambridge School and to present a new vision of the relevance of the heterodox scientific world.

Suggested Citation

  • João Gabriel de Araujo Oliveira & Renato Nozaki Sugahara, 2021. "Important contributions of the Cambridge Equation to the role of political economy: from Pasinetti to our days [Importantes contribuciones de la Ecuación de Cambridge al papel de la economía políti," Iberian Journal of the History of Economic Thought, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Dpto. Historia e Instituciones Económicas I., vol. 8(1), pages 41-49.
    • Handle: RePEc:ucm:ijohet:v:8:y:2021:i:1:p:41-49
    DOI: 10.5209/ijhe.70812
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    More about this item

    Keywords

    Distribution; Kaldor; Growth.;
    All these keywords.

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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