Distribution Theories

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

Abstract

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.

Keywords

Economic Crisis Income Baran Mandel Monopoly 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Bibliography

  1. Armstrong, P., Glyn, A. and Harrison, J. 1984. Capitalism since World War II. London: Fontana.Google Scholar
  2. Baran, P. A. and Sweezy, P.M. 1966. Monopoly Capital: An Essay on the American Economic and Social Order. New York: Monthly Review Press.Google Scholar
  3. Bleaney, M. 1976. Underconsumption Theories. New York: International Publishers.Google Scholar
  4. Bluestone, B. and Harrison, B. 1982. The Deindustrialization of America. New York: Basic Books.Google Scholar
  5. Boddy, R. and Crotty, J. 1975. Class conflict and macro policy: the political business cycle. Review of Radical Political Economics, Spring.Google Scholar
  6. Bowles, S. and Gintis, H. 1977. The Marxian theory of value and heterogeneous labour: a critique and reformulation. Cambridge Journal of Economics, 1(2), June 173–92.Google Scholar
  7. Bowles, S. and Gintis, H. 1982. The crisis of liberal democratic capitalism: the case of the U.S. Politics and Society, Winter.Google Scholar
  8. Bowles, S., Gordon, D.M. and Weisskopf, T.E. 1986. Power and profits: The social structure of accumulation and the profitability of the postwar U.S. economy. Review of Radical Political Economics, Spring-Summer.Google Scholar
  9. Glyn, A. and Sutcliffe, B. 1972. British Capitalism, Workers and the Profits Squeeze. Harmondsworth: Penguin.Google Scholar
  10. Gordon, D.M., Edwards, R. and Reich, M. 1982. Segmented Work, Divided Workers. New York: Cambridge University Press.Google Scholar
  11. Gough, I. 1979. The Political Economy of the Welfare State. London: Macmillan. Distributed in U.S.A. by Humanities Press.Google Scholar
  12. Harris, D.J. 1978. Capital Accumulation and Income Distribution. Stanford: Stanford University Press.Google Scholar
  13. Kalecki, M. 1968. Trend and business cycle. In M. Kalecki, Selected Essays on the Dynamics of the Capitalist Economy, 1933–1970, Cambridge: Cambridge University Press, 1971.Google Scholar
  14. Kalecki, M. 1971. Class struggle and distribution of national income. In M. Kalecki, Selected Essays on the Dynamics of the Capitalist Economy, 1933–1970. Cambridge and New York: Cambridge University Press.Google Scholar
  15. Lenin, V.I. 1917. Imperialism, the highest stage of capitalism. In Selected Works, one-volume edition, New York: International Publishers, 1971.Google Scholar
  16. Mandel, E. 1972. Late Capitalism. English edition, trans. Joris De Bres, London: New Left Books, 1975.Google Scholar
  17. Marglin, S. 1984. Growth, Distribution, and Prices. Cambridge, Mass.: Harvard University Press.Google Scholar
  18. Marx, K. 1867. Capital, Vol. I. New York: International Publishers, 1967.Google Scholar
  19. Marx, K. 1894. Capital, Vol. III. New York: International Publshers, 1967.Google Scholar
  20. Resnick, S.A. and Wolff, R.D. 1985. A Marxian reconceptualization of income and its distribution. In Rethinking Marxism, ed. S.A. Resnick and R.D. Wolff, Brooklyn, NY: Autonomedia.Google Scholar
  21. Shaikh, A. 1978. An introduction to the history of crisis theories. In U.S. Capitalism in Crisis. New York: Union for Radical Political Economics.Google Scholar
  22. Weisskopf, T.E. 1979. Marxian crisis theory and the rate of profit in the postwar U.S. economy. Cambridge Journal of Economics 3(4), December, 341–78.Google Scholar
  23. Weisskopf, T.E., Bowles, S. and Gordon, D.M. 1983. Hearts and minds: a social model of U.S. productivity growth. Brookings Papers on Economic Activity, No. 2.Google Scholar
  24. Wilkinson, F. (ed.) 1981. The Dynamics of Labour Market Segmentation. London: Academic Press.Google Scholar
  25. Wright, E.O. 1978. Class, Crisis, and the State. London: New Left Books. Distributed in U.S.A. by Schocken Books.Google Scholar

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1990

Authors and Affiliations

  • David M. Gordon

There are no affiliations available

Personalised recommendations