Artikel
Karl Marx's thoughts on functional income distribution: a critical analysis from a Keynesian and Kaleckian perspective
In Marx's explanation of functional income distribution, wages are given as a basket of goods needed for the reproduction needs of the working class. Profits are then the remaining part of income creation. Marx's explanation of functional income distribution has several theoretical and practical shortcomings. The Keynesian paradigm in the traditional works of Keynes and Kalecki provides alternative explanations of functional income distribution. Here the profit rate is given by processes in the financial market and the degree of financialisation. Also the degree of monopoly influences functional income distribution. The Keynesian and Kaleckian approach allows a plausible interpretation of the changes in functional income distribution during recent decades.
- Sprache
-
Englisch
- Erschienen in
-
Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 16 ; Year: 2019 ; Issue: 2 ; Pages: 272-285
- Klassifikation
-
Wirtschaft
Current Heterodox Approaches: Socialist; Marxian; Sraffian
History of Economic Thought: Individuals
Aggregate Factor Income Distribution
- Thema
-
Marxism
functional income distribution
John Maynard Keynes
Michał Kalecki
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Herr, Hansjörg
- Ereignis
-
Veröffentlichung
- (wer)
-
Edward Elgar Publishing
- (wo)
-
Cheltenham
- (wann)
-
2019
- DOI
-
doi:10.4337/ejeep.2019.0047
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Herr, Hansjörg
- Edward Elgar Publishing
Entstanden
- 2019
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