@article{Carvalho_1991, title={Income distribution, effective demand and accumulation}, volume={11}, url={https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1469}, DOI={10.1590/0101-31571991-0848}, abstractNote={<p>The paper presents a survey of the main theoretical schools approaching the<br />determination of income distribution profiles. This question has been the core of economic<br />theory since its birth, with Adam Smith. Classical Political Economy had its focus on the<br />relations between functional income distribution and the development process, proposing<br />that growth could be promoted by an increase in the profit share of national income.<br />Neoclassical economics maintained the focus on functional distribution, relating it, however,<br />to a notion of relative scarcity of factors of production. Keynes’s General Theory changed<br />the emphasis to personal distribution that would be related to the formation of the various<br />elements of aggregate demand. Post Keynesian studies tried to relate Keynes’s views to<br />classical insights on income distribution. The paper ends with a brief examination of some<br />studies on Brazilian income distribution profiles.</p> <p><strong>JEL Classification:</strong> B12; B22; E25.</p>}, number={3}, journal={Brazilian Journal of Political Economy}, author={Carvalho, Fernando J. Cardim de}, year={1991}, month={Jul.}, pages={342-361} }