In this paper, I investigate the question of "the effect of progress upon distribution" based on the analyses of Hicks, Robinson, Harrod, Salter, Kaldor, Samuelson, and Kennedy. The paper aims to address a neglected and controversial theoretical argument on neutral technical progress related to...

We present a model that links the division of labor and economic growth with the division of wealth in society. When capital market imperfections restrict the access of poor households to capital, the division of wealth affects individual incentives to invest in specialization. In turn, the...

Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from...

Frontmatter -- Contents -- List of Figures -- List of Tables -- Preface -- Main Symbols -- Part I. From the Short Run to the Long -- 1 Introduction: Toward a Classical Growth Model -- 2 The Nature of the Long Run -- Part II. Long-run Models of Fiscal Policy -- 3 A Two-Class Model -- 4 Saving and...

The aim of this work is to investigate the role played by the so-called `globalization' processes of the last couples of decades on the international patterns of technological learning and on the distribution of incomes and growth. First, we re-assess the evidence on the general patterns of the...