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Factor shares: the principal problem of political economy?
- Source :
- Oxford Review of Economic Policy; Spring2009, Vol. 25 Issue 1, p3-16, 14p, 1 Graph
- Publication Year :
- 2009
-
Abstract
- This paper identifies three reasons for studying factor shares: to make a link between incomes at the macroeconomic level (national accounts) and incomes at the level of the household; to help understand inequality in the personal distribution of income; and to address the concern of social justice with the fairness of different sources of income. In each case, I explore the implications and point to ways in which the analysis could be taken forward in a twenty-first-century treatment of the classical problem of political economy. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0266903X
- Volume :
- 25
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Oxford Review of Economic Policy
- Publication Type :
- Academic Journal
- Accession number :
- 42121800
- Full Text :
- https://doi.org/10.1093/oxrep/grp007