Abstract
It is becoming increasingly clear that a strategy of egalitarian development will require a substantial redistribution of income. Moreover, it is equally clear that it is difficult, if not impossible, substantially to redistribute income without also redistributing productive assets. Finally, it is clear that if one wants to eliminate the worst forms of poverty within a relatively short period such as a generation, the redistributive measures will have to be introduced rapidly. On these points there is a significant measure of agreement.
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Notes and References
Michal Kalecki describes this as the ‘theoretical solution of the problem of balanced development of an underdeveloped mixed economy’. See his Essays on Developing Economies (Harvester Press, 1976) p. 25.
Paul M. Sweezy and Charles Bettelheim, On the Transition to Socialism (Monthly Review Press, 1971 ).
Also see Charles Bettelheim, The Transition to Socialist Economy (Harvester Press, 1975);
N. Bukharin, The Politics and Economics of the Transition Period (Routledge and Kegan Paul, 1979 );
Paul M. Sweezy, ‘Toward a Program of Studies of the Transition to Socialism’, Monthly Review, February 1972.
J. K. Galbraith, ‘The Disequilibrium System’, American Economic Review, June 1947, p. 299.
T. Scitovsky, E. Shaw and L. Tarshis, Mobilizing Resources for War (McGraw Hill, 1951 ).
Dwight H. Perkins, ‘Price Stability and Development in Mainland China (1951–63)’, Journal of Political Economy, August 1964, p. 361.
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© 1981 Keith Griffin and Jeffrey James
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Griffin, K., James, J. (1981). Conclusions. In: The Transition to Egalitarian Development. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05914-0_8
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DOI: https://doi.org/10.1007/978-1-349-05914-0_8
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