Note Reconsidering 'A Theory of Wealth Distribution & Accumulation' : Perspective on Uncertainty

Growth and Distribution have become one of the main instruments for achieving a better standard of living. Fundamental issues of Political Economy can be defined as a conscious effort of the society to follow the economically developed in order to promote rapid and fundamental change. Such a concept is fairly broad as it seeks to promote not only a fast growth-rate but also significant structural socioeconomic changes. Within a Post-Keynesian approach, the present note extends the model of overlapping generations considering uncertainty. Anxiety and uncertainty with regard to the outlook and outcome for the future are fundamental characteristics of human condition and society, as highlighted by Jacobs (2019). In this paper, we emphasize such concepts, given that the distribution of wealth between generations requires leadership leading to action and acceptance of risk and uncertainty