You, Jong-Il; Dutt, Amitava Krishna - In: Cambridge Journal of Economics 20 (1996) 3, pp. 335-51
This paper takes up the question of whether government debt worsens the distribution of income as tax revenues from workers are used to pay for the interest on the debt held by the rich. In so doing, we develop a post-Keynesian model in which growth is determined by aggregate demand rather than...