HETERODOX THEORIES OF ECONOMIC GROWTH AND INCOME DISTRIBUTION: A PARTIAL SURVEY
Amitava Dutt ()
Journal of Economic Surveys, 2017, vol. 31, issue 5, 1240-1271
Heterodox theories of economic growth and income distribution are surveyed, focusing on major theories and recent contributions. First, a general framework for examining growth and distribution is discussed, in terms of which classicalâ€ Marxian and postâ€ Keynesianâ€“Kaleckian and other theories are presented. Since this framework examines how variables are determined in equilibrium, second, dynamics behind equilibria are examined, focusing on goods market and labor market changes. Third, the framework is extended in a variety of ways to examine additional models addressing productivity growth and technical change, money and inflation, finance and debt, additional distributional considerations, multisector issues, open economy questions, and the environment. It is concluded that the literature on heterodox theories of growth and distribution is vibrant, large, and growing, and addresses many issues that are ignored or neglected in orthodox theories, including power, unemployment, and aggregate demand.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:jecsur:v:31:y:2017:i:5:p:1240-1271
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0950-0804
Access Statistics for this article
More articles in Journal of Economic Surveys from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().