Abstract
The basic Kaldor (Keynesian) model of 11.8 takes the differential form of the saving function: S = sY where s = sw + (sp − sw)(P/Y), depending on the distribution of income between profits (P) and wages (Y − P), and on the proportions of saving out of profits (sp) and out of wages (sw). A special but particularly convenient case is that of the classical saving function where all saving is out of profits and S = spP.
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© 1967 R. G. D. Allen
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Allen, R.G.D. (1967). Kaldor (Keynesian) Models. In: Macro-Economic Theory. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-81541-8_16
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DOI: https://doi.org/10.1007/978-1-349-81541-8_16
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-81543-2
Online ISBN: 978-1-349-81541-8
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