A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION

Year 2019, , 266 - 276, 01.12.2019

Fatma Pınar Arslan

https://doi.org/10.14514/byk.m.26515393.2019.7/2.266-276

Abstract

There are two main lines of theories about income distribution, following the seminal papers of Kalecki and Kaldor. These two theories have different aspect in terms of their assumptions about competitive characteristics of market, capital utilization, market imperfections and the role of government. Several studies are designed to develop these two theories and some studies use assumptions of both theories in order to explain the income distribution. This article includes a summary of Kaleckian and Kaldorian models; their assumptions and recent contributions to these models.

Keywords

Factor income distribution, market structure, household saving, government debt

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