Distribution Theories

  • David M. Gordon
Part of the The New Palgrave book series (NPA)


It is hard to imagine a more important topic within Marxian economics than the distribution of income and the means of production among the principal classes in capitalist economies. For example: (1) The share of profits (or, inversely, the share of wages) constitutes one important component of the rate of profit. (2) The rate of profit operates as a fundamental determinant of the pace of investment and, therefore, of accumulation. (3) The rate of accumulation serves as a kind of life-force invigorating capitalist economies over time — regulating their growth and development, and the wealth of their participants. (4) Distribution, production and accumulation are thus fundamentally interconnected, forming the foundation of lives and livelihoods in capitalist societies.


Business Cycle Distribution Relation Capitalist Economy Wage Growth Profit Share 
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© Palgrave Macmillan, a division of Macmillan Publishers Limited 1990

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  • David M. Gordon

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