An essay in the theory of profits and income distribution /
Keirstead, B. S. 1907-
An essay in the theory of profits and income distribution / Profits and income distribution B. S. Keirstead. - Oxford, England : Basil Blackwell, 1953. - 110 pages : Graphs and tables ; 22 cm.
This resource contains no table of contents, but chapter titles are listed below.
I. Statement of the problem -- II. A classification of residuals -- III. Entrepreneurial expectations -- IV. Particular expectations and the distribution of income -- V. General expectations and the distribution of income -- VI. Conclusion.
"The marginal productivity theory of income distribution has long been the object of criticism. Some of the criticism, as I argue in this essay, has been wrong-headed and irrelevant, but quite enough remains to cast serious doubts on the validity of 'accepted' distribution theory. In this essay I have tried to indicate the nature of the valid criticisms, though I have avoided their detailed repetition, and I have also tried to reformulate that part of distribution theory which relates to profits. My general interest in dynamic economics has led me to cast my views in a dynamic frame." - from the author's preface.
53012007
GB53-3327
Profit.
Entrepreneurship.
Income.
Income--Great Britain.
HB 601 / .K4 1953
339.2 338.7*
An essay in the theory of profits and income distribution / Profits and income distribution B. S. Keirstead. - Oxford, England : Basil Blackwell, 1953. - 110 pages : Graphs and tables ; 22 cm.
This resource contains no table of contents, but chapter titles are listed below.
I. Statement of the problem -- II. A classification of residuals -- III. Entrepreneurial expectations -- IV. Particular expectations and the distribution of income -- V. General expectations and the distribution of income -- VI. Conclusion.
"The marginal productivity theory of income distribution has long been the object of criticism. Some of the criticism, as I argue in this essay, has been wrong-headed and irrelevant, but quite enough remains to cast serious doubts on the validity of 'accepted' distribution theory. In this essay I have tried to indicate the nature of the valid criticisms, though I have avoided their detailed repetition, and I have also tried to reformulate that part of distribution theory which relates to profits. My general interest in dynamic economics has led me to cast my views in a dynamic frame." - from the author's preface.
53012007
GB53-3327
Profit.
Entrepreneurship.
Income.
Income--Great Britain.
HB 601 / .K4 1953
339.2 338.7*