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An assessment of the debates over income distribution and growth in the Neo-Kaleckian literature
- Source :
- Brazilian Journal of Political Economy, Vol 41, Iss 4, Pp 782-796 (2021)
- Publication Year :
- 2021
- Publisher :
- Editora 34, 2021.
-
Abstract
- ABSTRACT Kaleckian literature is considered an important theme in the post-Keynesian school of economic thought. In the aftermath of the financial crisis, the endeavors of forming a new consensus regarding essential economic issues, in particular achieving economic growth became a need. Thus, the Kaleckian models returned to be in the spot since these models tackle the impact of changes in the distribution of income and address the question whether a redistribution of income away from wages and towards profits is capable of boosting growth. In this sense, this paper return to Kaleckian insights and offers a theoretical discussion of the distributional effects on aggregate demand and economic growth. Moreover, through the lens of neo-Kaleckian tradition, the evolution of the debate on wage-led and profit-led regimes in recent decades can be traced.
Details
- Language :
- English, Portuguese
- ISSN :
- 18094538 and 01013157
- Volume :
- 41
- Issue :
- 4
- Database :
- Directory of Open Access Journals
- Journal :
- Brazilian Journal of Political Economy
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.241fb1a582634db0be7f659ef886204e
- Document Type :
- article
- Full Text :
- https://doi.org/10.1590/0101-31572021-3165