Effective Demand And Income Distribution

2019 ◽  
Author(s):  
Marc Jarsulic
Keyword(s):  
Income Distribution ◽  
Effective Demand

scholarly journals Income distribution and economic growth: A critical approach

2017 ◽  
Vol 64 (2) ◽  
pp. 125-138 ◽  
Author(s):  
Philip Arestis ◽  
Baltar Troncoso
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Profit Margin ◽  
Critical Approach ◽  
Effective Demand ◽  
Growth Regime ◽  
Investment Function

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.

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