Class Conflict and the Cambridge Theory of Income Distribution

Thomas Palley

Chapter 10 in Wages, Employment, Distribution and Growth, 2006, pp 223-246 from Palgrave Macmillan

Abstract: Abstract Understanding the determination of income distribution is a central concern of economics. Ricardo regarded it as the central issue of economics, writing that ‘(determining) the laws which regulate this distribution is the principal problem in political economy’ (Ricardo 1821: 5). Income distribution is clearly an important social and political concern, having ramifications for fairness and the social and political stability of society. How we explain income distribution also has major implications for how we understand the economy, thereby impacting attitudes and approaches to policy.

Keywords: Income Distribution; Capacity Utilization; Wage Distribution; Ownership Share; Dividend Payout (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (12)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37178-1_11

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230371781

DOI: 10.1057/9780230371781_11

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().