A Note on the "Kalecki-Steindl" Steady-State Approach to Growth and Income Distribution

Man-Seop Park

The Manchester School of Economic & Social Studies, 1995, vol. 63, issue 3, 297-310

Abstract: It is argued that the use of an aggregate accumulation function in the 'Kalecki-Steindl' approach conceals the problem of overdetermination in that approach. Three possible solutions to overdetermination within the framework of that approach are then shown to pose serious problems. A suggestion is made of a different interpretation of the Kalecki-Steindl results, still along the lines inspired by Kalecki and Steindl. Copyright 1995 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:bla:manch2:v:63:y:1995:i:3:p:297-310

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