Titlebook: Rate of Profit, Distribution and Growth: Two Views; J. A. Kregel Book 1971 J. A. Kregel 1971 distribution.economics.growth.macroeconomics

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Joan Robinson: The Rate of Profit, Distribution and Accumulation, also to delve into existing classical and neoclassical theory in search of a generalised theory of growth.. Her cognisance of the propositions and deficiencies of both previous approaches has led her to a thorough and broad-based analysis of the problem.

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R. M. Solow: Rate of Profit and Return on Investment,ar, homogeneous production functions, usually of the Cobb—Douglas variety, into the original models.. Solow’s justification for this approach is that ‘One usually thinks of the long run as the domain of neoclassical analysis, the land of the margin’..

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Samuelson and Modigliani: The Unseemly Paradox,riefly at this stage as the formal presentation of Pasinetti’s system will not appear until Chapter 10. More important than the criticism, however, is the neoclassical model that Samuelson and Modigliani formulate in their paper. It will be outlined and its claims analysed on its own merit as a neoclassical model of economic growth.

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L. L. Pasinetti: When Workers Save,y of purchasing capital with their savings, nor analysed the effects of the income the workers might receive from owning assets. After making the appropriate alterations, Pasinetti concluded that Kaldor’s results were valid, irrespective of the savings of workers.

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

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J. Tobin: Marginal Productivity, Money and Growth, and Economic Growth’.. As the title suggests, the paper is an attempt to analyse the role of money in a model of economic growth. Tobin attempts to monetise a standard neoclassical model by means of emphasising the Keynesian consumption—savings—money-holding decisions via his well-known concept of

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R. M. Solow: Rate of Profit and Return on Investment,ollaboration with Samuelson) has put forward have been primarily generalisations of earlier work by Ramsey, von Neumann and Harrod, incorporating linear, homogeneous production functions, usually of the Cobb—Douglas variety, into the original models.. Solow’s justification for this approach is that