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Alternative ‘Closures’ to Sraffa’s System: Some Reflections in the Light of the Changes in Functional Income Distribution in the United States

Antonella Stirati

Chapter 9 in Sraffa and the Reconstruction of Economic Theory: Volume One, 2013, pp 192-217 from Palgrave Macmillan

Abstract: Abstract The last 30 years have witnessed a dramatic change in income distribution, with the wage share1 falling in all major industrialised countries (Figure 9.1).

Keywords: Interest Rate; Monetary Policy; Income Distribution; Real Wage; Real Interest Rate (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31683-7_10

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DOI: 10.1057/9781137316837_10

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