Suchergebnisse

First published in 1988. Most of the articles reprinted in this collection were based on material developed for the author's students in order to assist them in understanding the theories of Michal Kalecki, John Maynard Keynes and Joan Robinson. Each article is self-contained, but together the articles provide an introduction to the important contributions of these three economists that also makes clear the interrelations between their theories. The treatment of their theories in these articles is sympathetic, but not uncritical.

Abstract
This paper aims to search links between market imperfections and functional income distribution. For this purpose we construct a two-sector model – wage goods and luxury goods producing sectors – incorporating imperfections of the product and labor markets under income inequality. In a structure with interdependent and partially monopolistic and competitive markets, we analytically trace up the effects of the changes in power relations proxied by the degree of mark-ups in the product and labor market. The model shows that price and wage mark-ups in two sectors have crucial income distribution implications for the agents in the economy to varying extents. It also demonstrates the effect of the existence of the differentiated consumption patterns arising from income inequality on income distribution. Furthermore, it seems that unemployment level creates externalities on wage rate and on corporate taxes of firms.

This study deals with unemployment and employment and its relations with income distribution and related subjects. Massive changes in earnings inequality and income distribution in the OECD during the 80s and 90s, as well as huge variations in the development of unemployment and employment figures are discussed. The author's objective is to address, Are there any systematic relations between income inequality and labor market indicators and, moreover, which common factors caused these changes? Which political climate and institutions are favorable to such a change?

After analysing the structure and trend of income distribution and the incidence of poverty in 1957/58, 1970 and 1979, the author scrutinizes the inequality of income distribution between races (Malays, Chinese and Indians) with regard to the imbalance in the allocation of labour among races by industry and occupation. According to the findings of the paper, the income inequality between races decreased through the NEP (New Economie Policy), but the total inequality remained unchanged and the incidence of poverty also decreased.(DÜI-Sen)

The most politically sensitive question in studies of economic growth is: What is the optimal relationship for the distribution of income and wealth to economic growth? The rich often diversify their assets, and thus it is not easy to know the total wealth of an individual, or the distribution of wealth for a nation. For this reason, the analysis presented here for Argentina from 1914 to 1969 makes only brief reference to the influence of the distribution of wealth and focuses instead on the relationship between income distribution and economic growth. Income distribution in other nations also is discussed in order to evaluate the possibility of utilizing their experience to judge the Argentine case. The relationship between increases in workers' and entrepreneurs' income and those in investment is also examined, for an economy will grow only if investment takes place. Moreover, because funds spent on private consumption cannot be invested and much past economic analysis has studied the relationship between changes in income and in consumption, this relationship must be considered in the Argentine case. We will look at several categories of income, taking into account the effects of inflation and of ownership of selected categories of wealth.