Titlebook: Wages, Employment, Distribution and Growth; International Perspe Eckhard Hein (Senior Researcher, Visiting Professo Book 2006 Palgrave Macm

斗爭(zhēng)

Class Conflict and the Cambridge Theory of Income Distribution,ng that ‘(determining) the laws which regulate this distribution is the principal problem in political economy’ (Ricardo 1821: 5). Income distribution is clearly an important social and political concern, having ramifications for fairness and the social and political stability of society. How we exp

Intervention

hermetic

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The Dynamics of Profit- and Wage-led Expansion: A Note,onsume are different for the two classes. For instance, the lowering of the real wage rate would tend to depress total consumption expenditure by redistributing income against the wage-earners with a higher propensity to consume. At the same time, it might also encourage investment by increasing the