An assessment of the debates over income distribution and growth in the Neo-Kaleckian literature

An assessment of the debates over income distribution and growth in the Neo-Kaleckian literature

Blog Article

ABSTRACT Kaleckian literature is considered here an important theme in the post-Keynesian school of economic thought.In the aftermath of the financial crisis, the endeavors of forming a new consensus regarding essential economic issues, in particular achieving economic growth became a need.Thus, the Kaleckian models returned to be in the spot since these models tackle the impact of changes in the distribution of income and address the question whether a redistribution of income away from wages and towards profits is capable of boosting growth.In this sense, this paper return to Kaleckian insights and offers a theoretical discussion of the distributional effects on aggregate demand and economic growth.

Moreover, through the lens of neo-Kaleckian tradition, the evolution of the debate on wage-led and profit-led peperomia double duty regimes in recent decades can be traced.