Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Lavoie, M.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

Copyright © Cambridge Political Economy Society

research-article

The Kaleckian model of growth and distribution and its neo-Ricardian and neo-Marxian critiques

Marc Lavoie*

*University of Ottawa Canada

Abstract

This paper analyses the newer Kaleckian models of growth and distribution and the criticisms that have been addressed to them by neo-Marxian and neo-Ricardian authors. The models discussed assume overhead labour costs and target return pricing. The main issues are the form of the investment function and the notions of normal rates of profit and of normal rates of capacity utilisation. Despite the relevance of (and often the similarity between) the neo-Marxian and neo-Ricardian critiques, it is shown that the main features of the Kaleckian growth model may still be preserved.

Manuscript received September 18, 1992; final version received September 20, 1993.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?


This article has been cited by other articles:


Home page
 Cambridge J EconHome page
P. Skott and S. Ryoo
Macroeconomic implications of financialisation
Camb. J. Econ., April 15, 2008; (2008) ben012v1.
[Abstract] [Full Text] [PDF]

Home page
 Review of Radical Political EconomicsHome page
M. Lavoie
Traverse, Hysteresis, and Normal Rates of Capacity Utilization in Kaleckian Models of Growth and Distribution
Review of Radical Political Economics, December 1, 1996; 28(4): 113 - 147.
[Abstract]


Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.