The Bowley Ratio
The paper gives a simple algebraic description, and background justification, for the Bowley Ratio, the relative returns to labour and capital, in a simple economy.
|Date of creation:||10 May 2011|
|Date of revision:|
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Web page: https://mpra.ub.uni-muenchen.de
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- Young, Andrew T., 2010. "One of the things we know that ain't so: Is US labor's share relatively stable?," Journal of Macroeconomics, Elsevier, vol. 32(1), pages 90-102, March.
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"Getting Income Shares Right,"
Department of Economics Working Papers
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- Lee,Frederic S., 2006.
"Post Keynesian Price Theory,"
Cambridge University Press, number 9780521030212.
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