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Factor shares: the principal problem of political economy?

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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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
Official URL: http://oxrep.oxfordjournals.org/
Additional Information: © 2009 The Author
Library of Congress subject classification: H Social Sciences > HB Economic Theory
Journal of Economic Literature Classification System: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E25 - Aggregate Factor Income Distribution
Sets: Departments > Economics
Collections > Economists Online
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 28 Mar 2011 10:39
URL: http://eprints.lse.ac.uk/33664/

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