학술논문
Important contributions of the Cambridge Equation to the role of political economy: from Pasinetti to our days
[Importantes contribuciones de la Ecuación de Cambridge al papel de la economía políti
[Importantes contribuciones de la Ecuación de Cambridge al papel de la economía políti
Document Type
redif-article
Source
Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Dpto. Historia e Instituciones Económicas I., Iberian Journal of the History of Economic Thought. 8(1):41-49
Subject
Language
English
Abstract
The theory of the long-run perspective aims to explain how economies grow. On the other hand, Kaldor developed a theory that concerns not only this objective but to build a model also considering the implications in the income distribution. This paper consists of a rigorous review of the evolution of Kaldor’s Theory, treating with government activities, the financial market, and so on, to show the importance of the theme in our days. One contribution of this paper is to lead the researchers to a solid understanding of Growth and Income Distribution Models derivate from the Cambridge School and to present a new vision of the relevance of the heterodox scientific world.