Abstract
As stated in Chapter 1, post-Keynesians are usually known for their models of growth and distribution, developed in 1956 by such Cambridge economists as Robinson and Kaldor. The main purpose of these early models was to explain the distribution of income, more specifically the profit rate, for a given growth rate, without falling back on the standard neoclassical theory of marginal productivity.
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© 2006 Marc Lavoie
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Lavoie, M. (2006). The Long Period: Old and New Growth Models. In: Introduction to Post-Keynesian Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9780230626300_5
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DOI: https://doi.org/10.1057/9780230626300_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-28337-8
Online ISBN: 978-0-230-62630-0
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