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Why did the topic of income distribution loose its attraction for the economic profession? The article analyzes the structure of the Ricardian theory and of the post-Keynesian approach and discusses the question why after Pasinetti's contribution distribution theory lost its economic significance and interpretative value. An alternative and less deterministic approach to functional distribution is proposed, taking into consideration the importance of money and expectations, the relation between the principle of effective demand and aggregate income and the difference between the behavior of the single entrepreneur and the macroeconomic system.

Making a vital contribution to the theory of the firm, Stephen Dunn, a well-respected up and coming scholar, introduces, analyzes and takes forward a Post-Keynesian theory of the firm which makes a positive contribution to the development of Post-Keynesian economics.

This paper discusses the post-Keynesian explanation of the causes of disparities in regional growth and unemployment rates. It begins by examining the relationship between the real wage rate, the level of demand and regional unemployment. Next, it shows how regional growth is primarily determined by the rate of growth of exports. A two-region model is outlined which demonstrates how regional growth rates are interrelated through interregional trade flows and the regional balance of payments constraint. The paper concludes with a discussion of the cumulative causation theory of regional growth.