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In a Kaleckian distribution and growth model with workers' debt we examine the short- and long-run effects of three … in capital stock, re-distribution of income at the expense of the wage share, and increasing lending of rentiers to …
Persistent link: https://www.econbiz.de/10010309123
profit in a simple post-Kaleckian distribution and growth model. This model gives rise to different potential accumulation … regimes depending on the values of the parameters in the investment, saving and distribution function. Estimating these core …
Persistent link: https://www.econbiz.de/10010309130
-regulation and downsizing of the financial sector, the re-distribution of income (and wealth) from top to bottom and from capital to …
Persistent link: https://www.econbiz.de/10011431825
The re-distribution of income from labour to capital, from workers to top-managers, and from low income households to … discussion about stagnation tendencies in capitalist economies. In orthodox approaches income distribution only has a restricted … role to play, if at all, but the interaction between distribution and growth is at the centre of Marxian and post …
Persistent link: https://www.econbiz.de/10011797482
Starting from a review of the main strands of orthodox and heterodox distribution and growth models and their … variant of heterodox distribution and growth theories, we develop a simple modelling framework in which we can treat these … model, new neoclassical growth theories, classical/Marxian distribution and growth approaches, and post-Keynesian Kaldor …
Persistent link: https://www.econbiz.de/10011450856
We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model … and examine the effects of improving gender wage equality on income distribution, aggregate demand, capital accumulation …
Persistent link: https://www.econbiz.de/10012215452
dimensions of re-distribution in the course of 'financialisation' and 'neo-liberalism' are examined: functional distribution … be identified: inefficient regulation of financial markets, increasing inequality in the distribution of income, and … rising imbalances at the global (and at the Euro area) level. The focus of the paper is on the changes in distribution …
Persistent link: https://www.econbiz.de/10010309128
interconnection of three of the main features/outcomes of finance-dominated capitalism, namely worsening income distribution for the …
Persistent link: https://www.econbiz.de/10012745115
In several publications, starting more than a decade ago, Peter Flaschel and co-authors have outlined the features of a 'social capitalism' as a normative alternative to the liberal and financialised capitalism of the Anglo-Saxon type, but also to the undemocratic Chinese-type of state...
Persistent link: https://www.econbiz.de/10013412266
In the era of financialisation, increasing income inequality could be observed in most developed and many developing … consumption in order to compensate for the potential lack of demand (associated with the depressing effect of financialisation … through which financialisation is expected to affect a countries development, a theoretical discussion on the conditions that …
Persistent link: https://www.econbiz.de/10011449229