J. E. Meade: An Eclectic Approach to Neoclassical Growth

Jan Kregel

Chapter 3 in Rate of Profit, Distribution and Growth: Two Views, 1971, pp 48-65 from Palgrave Macmillan

Abstract: Abstract The analysis and conclusions of the preceding chapter on the treatment of the concept of the rate of profits and its implications for economic growth in mature capitalist economies can now be utilised in the discussion of the models of economic growth put forward by modern neoclassical theorists. The grouping of the following writters such as Meade, Tobin, Solow, Samuelson and Modigliani (many of whom prefer to wear the Keynesian label) as neoclassicists is in regard to their approach to the concept of capital and the rate of profits as the return to capital or more precisely as equal to the marginal product of that substance called capital.

Keywords: Labour Force; Production Function; Capital Stock; Real Wage; National Income (search for similar items in EconPapers)
Date: 1971
References: Add references at CitEc
Citations:

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:978-1-349-01212-1_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349012121

DOI: 10.1007/978-1-349-01212-1_3

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 ().