Kaldor et la théorie keynésienne de la répartition
Alain Beraud
Post-Print from HAL
Abstract:
Kaldor presents the analysis which he makes of the distribution as a Keynesian theory. His work is inspired, he says to us, by contributions of Keynes, in the Treatise on Money, and by Kalecki. However, while Keynes and Kalecki develop analyses of short period, Kaldor describes the characteristics of a long period equilibrium so that the mechanism on which the adjustment is based, the flexibility of profit margins, is inappropriate. Pasinetti, by suggesting that the article of Kaldor rests on a logical slip and that the correction of this error shows that the rate of profit — in long period equilibrium — depends only on the natural growth rate of the economy and on the capitalists' propensity to save, boosted the debate. However, his thesis seems debatable. On one hand, equilibrium that he describes is not unique and it is possible that, in certain circumstances, the economy aims towards another equilibrium the characteristics of which are determined by the wage-earners' propensity to save. On the other hand, the idea that the saving's function proposed by Kaldor is logically inconsistent is unfounded. Finally, the crucial hypothesis on which rests the reasoning of Pasinetti, the existence of a class of individuals who earn only profit appears to characterize hardly in a relevant way the economic systems which prevail in advanced economies.
Keywords: Income distribution; Kaldor; Keynes; Kalecki; Pasinetti; repartition des revenus (search for similar items in EconPapers)
Date: 2012-01-06
New Economics Papers: this item is included in nep-hme, nep-hpe and nep-pke
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00143948v3
References: Add references at CitEc
Citations:
Published in Cahiers d'Economie Politique = Papers in political economy, 2012, 61, pp.113-155
Downloads: (external link)
https://shs.hal.science/halshs-00143948v3/document (application/pdf)
Related works:
Working Paper: KALDOR ET LA THÉORIE KEYNÉSIENNE DE LA RÉPARTITION (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00143948
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD (hal@ccsd.cnrs.fr).