The middle class in macroeconomics and growth theory: a three class neo-Kaleckian ? Goodwin model
"This paper presents a three class growth model with labor market conflict. The classes are workers, a middle management middle class, and a "top" management capitalist class. The model introduces personal income distribution that supplements conventional concerns with functional inco...
| Main Author: | |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Düsseldorf
2013
IMK |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19110655124919388379-The-middle-class-in-macroecono.htm |
| _version_ | 1771659895666376705 |
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| author | Palley, Thomas I. |
| author_facet | Palley, Thomas I. |
| collection | Library items |
| description | "This paper presents a three class growth model with labor market conflict. The classes are workers, a middle management middle class, and a "top" management capitalist class. The model introduces personal income distribution that supplements conventional concerns with functional income distribution. Within such a model, endogenously generated changes in personal income distribution can generate endogenous shifts from profit-led to wage-led regimes and vice-versa. A model of an economy with three classes enables us to consider richer patterns of class conflict because the middle class has shared interests and conflicts with both capitalists and workers. Changes that benefit the middle class do not necessarily increase growth or employment or benefit workers." |
| format | TEXT |
| id | 19110655124919388379_6e84612203a04e0e91f0934a931b0d05 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19110655124919388379_6e84612203a04e0e91f0934a931b0d05 |
| is_hierarchy_title | The middle class in macroeconomics and growth theory: a three class neo-Kaleckian ? Goodwin model |
| language | English |
| physical | 39 p. Digital |
| publishDate | 2013 |
| publisher | Düsseldorf IMK |
| spellingShingle | Palley, Thomas I. employment income distribution macroeconomics social class The middle class in macroeconomics and growth theory: a three class neo-Kaleckian ? Goodwin model |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=109577992775 |
| title | The middle class in macroeconomics and growth theory: a three class neo-Kaleckian ? Goodwin model |
| topic | employment income distribution macroeconomics social class |
| url | https://www.labourline.org/KENTIKA-19110655124919388379-The-middle-class-in-macroecono.htm |