Growth, distribution, and structural heterogeneity: reading the Kaleckians in Latin America

Título: Growth, distribution, and structural heterogeneity: reading the Kaleckians in Latin America

Autor: Fernando Rugitsky

Sinopse: The aim of this paper is to explore a parallelism between two episodes in the history of economic thought in order to suggest fruitful extensions to Kaleckian growth and distribution models. First, a brief summary of the theoretical development from Steindl’s stagnationist claims to the debate about demand regimes is offered. Then, a more detailed account is provided of the Latin American debate that began with Furtado’s stagnationist claims and resulted in the formulation of models of social articulation and disarticulation. Finally, it is suggested that the Kaleckian literature could benefit from greater interaction with its Latin American counterpart, especially by incorporating the interaction between inequality, consumption patterns, and the productive structure. A very brief discussion of recent Brazilian development, resorting to these relations, is offered in the end as an illustration.

Data da publicação: 2016

Periódico/Editora: Economia

Edição: no prelo

Palavras-chave: income distribution, demand regimes, distributive schedule, productive structure