Atkinson, Anthony B. (2009) Factor shares: the principal problem of political economy? Oxford Review of Economic Policy, 25 (1). pp. 3-16. ISSN 0266-903X
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Identification Number: 10.1093/oxrep/grp007
Abstract
This paper identifies three reasons for studying factor shares: to make a link between incomes at the macroeconomic level (national accounts) and incomes at the level of the household; to help understand inequality in the personal distribution of income; and to address the concern of social justice with the fairness of different sources of income. In each case, I explore the implications and point to ways in which the analysis could be taken forward in a twenty-first-century treatment of the classical problem of political economy.
Item Type: | Article |
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Official URL: | http://oxrep.oxfordjournals.org/ |
Additional Information: | © 2009 The Author |
Divisions: | Economics STICERD |
Subjects: | H Social Sciences > HB Economic Theory |
JEL classification: | E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E25 - Aggregate Factor Income Distribution |
Date Deposited: | 28 Mar 2011 10:39 |
Last Modified: | 12 Nov 2024 23:51 |
URI: | http://eprints.lse.ac.uk/id/eprint/33664 |
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