The aim of this paper is to review the Kaleckian and post-Kaleckian
literature on income distribution and economic growth and question the
extent to which they analyse countries? economic regimes and economic
performances properly and appropriately to understand countries? economic
performances. The debate focuses on the inclusion of profit margin in the
investment function as a way to characterize the effective demand regime in
the neoliberal era as a profitled growth regime. Our argument is that this
inclusion is not able to evaluate properly the countries? economic growth in
terms of the consistency between its effective demand regimes and income
distribution.