Income Distribution Dynamics of Economic Systems

Income Distribution Dynamics of Economic Systems PDF

Author: Marcelo Byrro Ribeiro

Publisher: Cambridge University Press

Published: 2020-03-26

Total Pages: 335

ISBN-13: 1107092531

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An overview of the distributive dynamics of economic systems in a broad theoretical and empirical sense from the econophysical viewpoint.

Income Distribution in Macroeconomic Models

Income Distribution in Macroeconomic Models PDF

Author: Giuseppe Bertola

Publisher: Princeton University Press

Published: 2014-09-28

Total Pages: 439

ISBN-13: 0691164592

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This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.

The Microeconomics of Income Distribution Dynamics in East Asia and Latin America

The Microeconomics of Income Distribution Dynamics in East Asia and Latin America PDF

Author: François Bourguignon

Publisher: World Bank Publications

Published: 2004

Total Pages: 438

ISBN-13: 9780821358610

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This book is about how the distribution of income changes during the process of income development. Understanding development and the process of poverty reduction requires understanding not only how total income grows but also how its distribution behaves over time. The authors propose a decomposition of differences in entire distributions of household incomes, shedding new light on the powerful, and often conflicting, forces that underpin the changes in poverty and inequality that accompany the process of economic development. This approach is applied to three East Asian countries -- Indonesia, Malaysia, and China -- and to four in Latin America -- Argentina, Brazil, Colombia, and Mexico.

The Shaping of Socio-Economic Systems (RLE Social Theory)

The Shaping of Socio-Economic Systems (RLE Social Theory) PDF

Author: Thomas Baumgartner

Publisher: Routledge

Published: 2014-08-07

Total Pages: 363

ISBN-13: 1317651146

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Actor-systems dynamics is an innovative, multidisciplinary methodology for investigating and analyzing social struggles over economic resources and the related interplay between economic and socio-political institutions and processes. The authors, sociologists and economists, offer a systemic perspective on contemporary socio-economic issues such as economic crisis, unemployment, inflation, economic democracy and development; in their analyses, they identify several of the key factors that drive people to interact, to initiate change and transformation as well as to resist such change. Major underlying themes in the book are: Conflict over the distribution of economic resources and economic policies and institutions; the structural bases of economic inequality and conflict; the shaping and reshaping of socio-economic institutions, and the contradictions, conflicts and instabilities evoked by such developments; the failure of orthodox economic theories, including Keynesianism, in the face of recurrent economic crises and instabilities; the development and application of an open, dynamic actor-oriented systems theory – grounded in the social sciences – addressing complex socio-economic phenomena in ways diverging substantially from conventional economics. All in all, the papers collected here deal, on the one hand, with social power, conflict, and struggle concerning economic resources and institutions and, on the other hand, the structural and other factors which drive powering initiatives, conflict, and social innovation and transformation. The book is addressed to a broad spectrum of social and managerial scientists concerned with socio-economic issues, institutions, and development.

Income Distribution, Growth and Unemployment

Income Distribution, Growth and Unemployment PDF

Author: Ferri, Piero

Publisher: Edward Elgar Publishing

Published: 2022-03-15

Total Pages: 264

ISBN-13: 1802206019

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Piero Ferri expertly broadens the analysis of the canonical growth cycle approach by presenting a Minsky–Harrod model, examining how the relationship between income distribution, growth and unemployment becomes increasingly complex. Exploring this new technique to generate a process of growth, based not only on history but disequilibrium, he investigates the current income distribution debate further and the challenges it faces.

Economic Growth and Distribution

Economic Growth and Distribution PDF

Author: Neri Salvadori

Publisher: Edward Elgar Publishing

Published: 2006-01-01

Total Pages: 458

ISBN-13: 9781781008218

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Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian-Kaleckian-Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; the role on institutions.

Production, Value and Income Distribution

Production, Value and Income Distribution PDF

Author: Enrico Bellino

Publisher: Routledge

Published: 2021-12-30

Total Pages: 267

ISBN-13: 1000522466

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This book investigates the relationship between wages, profits, values and labour employment from a classical-Keynesian perspective. The starting point of this approach is classical political economy (in particular, Smith, Ricardo and Marx), suitably reformulated in modern terms by Sraffa and then integrated with the Keynesian theory of employment. Such an approach proves to be more appropriate in understanding the complexities of current economies and in identifying the instruments to pursue the final goal of economic systems: putting each person in a position to earn what is necessary to live with dignity. The approach undertaken by these chapters is in contrast to the ‘marginalist’ or ‘neoclassical’ school, which constitutes the mainstream of economic analysis. Especially in recent decades, several critical analyses of the present state of economic research have emerged due to the failure of contemporary economic analysis to acutely penetrate and guide the workings of actual economic systems. But these analyses have not always been effectively presented in a coordinated manner. This work presents one possible unifying framework—grounded in a solid tradition of economic thought—which aims to describe the basic forces operating in capitalistic economies and to identify the main objectives to pursue in production economies in order to fully exploit their potential. Most importantly, the focus of such classical-Keyensian analysis concerns the production of goods and services, and this book shows how several factors typical of contemporary (post-)industrial societies thus can be understood in a way that the standard economic theory has not been able to explicate (due to the reduction of everything to a question of exchange). The book provides key reading for those on master level economics courses. Moreover, it constitutes a solid introduction to modern classical-Keynesian analysis. It may also be of interest to readers who are keen to develop a critical view of economics, political economy and history of economic thought.

The Macrodynamics of Capitalism

The Macrodynamics of Capitalism PDF

Author: Peter Flaschel

Publisher: Springer Science & Business Media

Published: 2008-12-11

Total Pages: 402

ISBN-13: 3540879323

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This book provides an introduction to advanced macrodynamics, viewed as a di- quilibriumtheoryof?uctuatinggrowth. Itbuildsonanearlierattempttoreformulate 1 the foundations of macroeconomics from the perspective of real markets diseq- librium and the con?ict over income distribution between capital and labor. It does so, not because it wants to support the view that this class con?ict is inevitable, but with the perspective that an understanding of this con?ict may help to formulate socio-economic principles and policies that can help to overcome class con?ict at least in its cruder forms or that can even lead to rationally understandable proce- 2 dures and rules that turn this con?ict into a consensus-driven interaction between 3 capitalists or their representatives and the employable workforce. The book starts from established theories of temporary equilibrium positions, the forces of real growth, and the con?ict over income distribution, represented by basic modeling approaches, which it considers in detail in its Part I in order to prepare the ground for their integration in Part II of the book. In this way we inspect what types of models of disequilibrium, income distribution, and real growth we have at our disposal, as models that have proved to be of real interest and sound from a rigorous modeling perspective.