Distribution-led growth through methodological lenses

Arbeitspapier

This paper presents a methodological discussion of two recent 'endogeneity' critiques of the Kaleckian model and the concept of distribution-led growth. From a neo-Keynesian perspective, and following Kaldor (1955) and Robinson (1956), the model is criticized because it treats distribution as quasi-exogenous, while in Skott (2016) distribution is viewed as endogenously determined by a series of (exogenous) institutional factors and social norms, and therefore one should focus on these instead of the functional distribution of income per se. The paper discusses how abstraction is used in science and economics, and employs the criteria proposed by Lawson (1989) for what constitutes an appropriate abstraction. Based on this discussion, it concludes that the criticisms are not valid, although the issues raised by Skott provide some interesting directions for future work within the Kaleckian framework.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 879

Classification and Topics

• Classification: Wirtschaft ; History of Economic Thought: Macroeconomics ; Economic Methodology ; Current Heterodox Approaches: General ; General Aggregative Models: Marxian; Sraffian; Kaleckian ; General Aggregative Models: Keynes; Keynesian; Post-Keynesian
• Subject: Kaleckian Model ; Distribution-led Growth ; Abstraction

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Nikiforos, Michalis
• Event: Veröffentlichung
• (who): Levy Economics Institute of Bard College
• (where): Annandale-on-Hudson, NY
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/173488
• Last update: 10.03.2025, 11:44 AM CET