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Basic Macroeconomics of Income Distribution Cannot Explain Today’s Rising Inequality

Tuesday, January 10, 2017 22:46
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(Before It's News)

by Philip Pilkington

I was recently looking over the debates surrounding the Pasinetti theorem and I thought it might be worth writing a few words on it. Pasinetti formulated his theorem – which is dealt with in detail in a fantastically thorough Wikipedia article – in 1962 in response to Nicholas Kaldor’s seminal paper Alternative Theories of Distribution.

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Source: http://econintersect.com/a/blogs/blog1.php/basic-macroeconomics-of-income-distribution

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