An essay in the theory of profits and income distribution / B. S. Keirstead.

By: Material type: TextTextPublication details: Oxford, England : Basil Blackwell, 1953.Description: 110 pages : Graphs and tables ; 22 cmOther title:
  • Profits and income distribution [Spine title]
Subject(s): DDC classification:
  • 339.2 338.7*
LOC classification:
  • HB 601 .K4 1953
Online resources:
Contents:
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.
Summary: "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.
List(s) this item appears in: Sharon cataloged
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Holdings
Item type Current library Call number Status Date due Barcode
BOOKS BOOKS Niebyl-Proctor Marxist Library General Stacks HB 601 .K4 1953 (Browse shelf(Opens below)) Not For Loan NPML21090042

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.

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