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Books > Social sciences > Sociology, social studies > Social groups & communities
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A Theory of Wealth Distribution and Accumulation (Hardcover)
Loot Price: R6,907
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A Theory of Wealth Distribution and Accumulation (Hardcover)
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This volume provides a general framework for a macroeconomic theory
of income distribution and wealth distribution and accumulation.
The book is divided into two parts. In the first the author surveys
the sets of literature on the subject and relates them to each
other. In the second part he makes his own contribution by
presenting a new model which uses both neo-classical and
post-Keynesian analytical tools. The author focuses on the laws
which regulate the behavior of individuals and social groups within
a given institutional set-up, and in particular those which
regulate the accumulation of inter-generational wealth and
life-cycle savings of families or dynasties, both in a
deterministic and stochastic context. The theoretical issue of
savings accumulation is reconsidered, alongside income
distribution, and profit determination by concentrating on the
historical reasons that are at the basis of "class distinction," as
well as "generation distinction," in modern economic analysis.
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