Comments to the article “The political role of the State in Cambridge theories of growth and distribution”

João Gabriel de Araujo Oliveira (), Renato Nozaki Sugahara () and Joanilio Rodolpho Teixeira ()

Brazilian Journal of Political Economy, 2021, vol. 41, issue 1, 207-214

Abstract: This comment came to refute and correct the idea of Charles (2007) about the negatively implications in the income distribution when the government expand the consumption in favour to households. We prove that the political choice, to both cases (increasing consumption or increasing profit), impact positively the income distribution and does not affect the essential nature of the Kaldor neo-Pasinetti dynamic equilibrium results and the “Cambridge Equation”. The stability of the model is guarantee by applying the Olech’s Theorem to the case. JEL Classification: O15; E12; G38.

Keywords: Distribution; post-keynesian; government; stability (search for similar items in EconPapers)
Date: 2021
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