A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION

Abstract

There are two main lines of theories about income distribution, following the seminal papers ofKalecki and Kaldor. These two theories have different aspect in terms of their assumptions aboutcompetitive characteristics of market, capital utilization, market imperfections and the role ofgovernment. Several studies are designed to develop these two theories and some studies useassumptions of both theories in order to explain the income distribution. This article includes asummary of Kaleckian and Kaldorian models; their assumptions and recent contributions tothese models.