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
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 |
| Uncontrolled Keywords: | factor shares, wages, profits, distribution |
| 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/rights/LSERO.htm |
| URL: | http://eprints.lse.ac.uk/33664/ |
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