Abstract
Macro-distribution is about the relative shares of various classes in functional income distribution, as distinguished from micro- or ‘pseudo-’ distribution, which is about the prices of productive inputs or ‘factors of production’. Neo-classical macrodistribution has, however, been based on two major notions derived and adapted from micro-distribution; these are the production function and the elasticity of substitution. It also accepts and applies some form of the marginal productivity theory of demand for inputs.
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My principal debts in preparing this paper are to M. I. Kamien and Michael Nicholson (both of Carnegie) and to unpublished notes by Y. T. Kuark (University of Denver). The National Bureau volume The Behavior of Income Shares (Studies in Income and Wealth, vol. 27); Princeton: Princeton University Press, 1964) unfortunately appeared too late for more than patchwork utilization here.
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Notes
Miyõhei Shinohara, Growth and Cycles in the Japanese Economy (Tokyo: Kinokuniya, 1962), ch. 13, might have been included.
J. R. Hicks, Theory of Wages (London: Macmillan, 1932), p. 117.
Mrs. Joan Robinson, Economics of Imperfect Competition (London: Macmillan, 1933), pp. vii, 256, 330 n.
John Johnston, Econometric Methods (New York: McGraw-Hill, 1963), p. 201.
Frisch, Statistical Confluence Analysis by Means of Complete Regression Systems (Oslo: University Economics Institute, 1934).
Machlup, ‘Micro- and Macro-Economics: Contested Boundaries and Claims of Superiority’, in Essays on Economic Semantics (Englewood Cliffs, N.J.: Prentice-Hall, 1963), pp. 109, 140.
Melvin W. Reder ‘Alternative Theories of Labor’s Share’, in Moses Abramovitz (ed.), The Allocation of Economic Resources (Stanford, Cal.: Stanford University Press, 1959) pp. 185–192.
Paul Davidson, Theories of Aggregate Income Distribution (New Brunswick, N.J., Rutgers University Press, 1959), chs. 5–9.
Rothschild, The Theory of Wages (New York: Macmillan, 1954), ch. 14.
Boulding, A Reconstruction of Economics (New York: Wiley, 1950), ch. 14.
Shigeto Tsuru, ‘Empirical Testing of the Macro-Economic Planning in Japan’, in Essays on Japanese Economy (Tokyo: Kinokuniya, 1958), pp. 109–115.
Jean Marchai and Jacques Lecaillon, La Répartition du revenu national (Paris: Librairie de Médicis).
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© 1968 International Economic Association
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Bronfenbrenner, M. (1968). Neo-Classical Macro-Distribution Theory. In: Marchal, J., Ducros, B. (eds) The Distribution of National Income. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15245-2_18
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