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INCOME DISTRIBUTION IN A CORPORATE ECONOMY

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INCOME DISTRIBUTION IN A CORPORATE ECONOMY

9781852786953 Edward Elgar Publishing
Russell Rimmer, Reader, Department of Information and Numerical Sciences, Deakin University, Australia
Publication Date: 1993 ISBN: 978 1 85278 695 3 Extent: 272 pp
Income Distribution in a Corporate Economy offers a skilful examination of the influences of financial markets and imperfect competition on the distributive process. Unlike much of the earlier literature, it concentrates upon the short-run, making it suitable for empirical appraisal.

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Income Distribution in a Corporate Economy offers a skilful examination of the influences of financial markets and imperfect competition on the distributive process. Unlike much of the earlier literature, it concentrates upon the short-run, making it suitable for empirical appraisal.

After a thorough review of the theoretical and empirical literature of the past 30 years, Russell Rimmer uses a series of models to synthesize results from post Keynesian macroeconomics, investment theory and industrial economics. The final chapters contain an analysis of the short-run effects of changes in pricing strategies and increases in industrial concentration on income shares accruing to households and corporations.

By presenting in one place the neo-classical and post Keynesian approaches, the book will serve both as a text and a foundation for future work on distribution. Students new to income distribution will be able to read the text as an introduction to the neoclassical and post Keynesian approaches. A novel contribution is the gathering together of early extensions of post Keynesian theory to the short run, including accounts of attempts to synthesise the major theoretical strands.
Critical Acclaim
‘Income Distribution in a Corporate Economy not only shows a very thorough knowledge of the relevant literature and considerable technical virtuosity and synthesising capabilities, it is also a substantial and original contribution to the literature.’
– G.C. Harcourt, University of New South Wales, Australia

‘Rimmer’s book provides both a useful clarification of the debate over the Cambridge-style, post Keynesian approach to distribution and a useful demonstration of the possible avenues available in bringing that approach into contact with the short run and with analysis at the industry level.
– Graham White, The Economic Record

‘Rimmer’s work is undoubtedly stimulating. . .’
– Terence Hutchinson, Review of Political Economy

‘This is one of the best modern books written on the functional distribution of income.’
– A.P. Thirlwall, The Economic Journal
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