Neo-Classical Macro-Distribution Theory

M. Bronfenbrenner

Chapter Chapter 18 in The Distribution of National Income, 1968, pp 476-510 from Palgrave Macmillan

Abstract: Abstract Macro-distribution is about the relative shares of various classes in functional income distribution, as distinguished from micro- or ‘pseudo-’ distribution, which is about the prices of productive inputs or ‘factors of production’. Neo-classical macrodistribution has, however, been based on two major notions derived and adapted from micro-distribution; these are the production function and the elasticity of substitution. It also accepts and applies some form of the marginal productivity theory of demand for inputs.

Keywords: Production Function; Income Distribution; Wage Rate; National Income; Marginal Productivity (search for similar items in EconPapers)
Date: 1968
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DOI: 10.1007/978-1-349-15245-2_18

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