Palley (Inside debt, aggregate demand, and the Cambridge theory of distribution, Cambridge Journal of Economics, vol. 20, no. 4, 465-74, 1996; Financial institutions and the Cambridge theory of distribution, Cambridge Journal of Economics, vol. 26, no. 2, 275-7, 2002) considers the Pasinetti theorem...

Kaldor's one-sector framework of the "institutional" theory of income distribution is extended to a two-sector setting. This extension requires an explicit consideration of the long-period relationships between the two sectors, and thereby brings to more light two different views on the nature...

In a multi-sector setting, the Cambridge theory of income distribution—the argument that the condition of accumulation determines normal income distribution—requires the assumption of balanced growth for its unambiguous meaning. But consideration of investment behaviour at the sectoral...