A Note on the "Kalecki-Steindl" Steady-State Approach to Growth and Income Distribution.
It is argued that the use of an aggregate accumulation function in the 'Kalecki-Steindl' approach conceals the problem of overdetermination in that approach. Three possible solutions to overdetermination within the framework of that approach are then shown to pose serious problems. A suggestion is made of a different interpretation of the Kalecki-Steindl results, still along the lines inspired by Kalecki and Steindl. Copyright 1995 by Blackwell Publishers Ltd and The Victoria University of Manchester
Year of publication: |
1995
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Authors: | Park, Man-Seop |
Published in: |
The Manchester School of Economic & Social Studies. - School of Economics. - Vol. 63.1995, 3, p. 297-310
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Publisher: |
School of Economics |
Saved in:
Saved in favorites
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