Palley, Thomas I. - In: Journal of Post Keynesian Economics 34 (2012) 3, pp. 453-474
This paper explores the implications of wealth distribution for neo-Kaleckian growth theory. Incorporating wealth … distribution as an endogenous variable provides a theoretical framework that unifies Cambridge, neo-Ricardian, and neo-Kaleckian … growth theory. The model expands on Dutt (1990) by introducing a richer description of capital accumulation and a consumption …