Abstract
On income distribution, the history of economic thought recognizes two mainstreams of research. One stems from Ricardo [1817] and deals with the income distribution among factors of production, i.e., the functional distribution of income. It purports to account for the factor prices’ formation, such as wage and profit rates, and the share that the corresponding factors of production (e.g., labor, capital, and land) have in national income.
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Dagum, C. (1988). Factor Shares in Canada, the United States, and the United Kingdom. In: Asimakopulos, A. (eds) Theories of Income Distribution. Recent Economic Thought Series, vol 12. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2661-5_9
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DOI: https://doi.org/10.1007/978-94-009-2661-5_9
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