Important contributions of the Cambridge Equation to the role of political economy: from Pasinetti to our days

Importantes contribuciones de la Ecuación de Cambridge al papel de la economía política: de Pasinetti a nuestros días

João Gabriel de Araujo Oliveira and Renato Nozaki Sugahara ()
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Renato Nozaki Sugahara: State University of Londrina.

Iberian Journal of the History of Economic Thought, 2021, vol. 8, issue 1, 41-49

Abstract: The theory of the long-run perspective aims to explain how economies grow. On the other hand, Kaldor developed a theory that concerns not only this objective but to build a model also considering the implications in the income distribution. This paper consists of a rigorous review of the evolution of Kaldor’s Theory, treating with government activities, the financial market, and so on, to show the importance of the theme in our days. One contribution of this paper is to lead the researchers to a solid understanding of Growth and Income Distribution Models derivate from the Cambridge School and to present a new vision of the relevance of the heterodox scientific world.

Keywords: Distribution; Kaldor; Growth.; Distribuición; Kaldor; Crecimiento; Gobierno. (search for similar items in EconPapers)
JEL-codes: D30 O40 P16 (search for similar items in EconPapers)
Date: 2021
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Dpto. Historia e Instituciones Económicas I. Facultad de CC. Económicas y Empresariales, Universidad Complutense de Madrid. Campus de Somosaguas. E-28223 Pozuelo de Alarcón (Madrid)

DOI: 10.5209/ijhe.70812

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