Kaldor’s Theory of Distribution - An Information-Theoretic Approach
9 Pages Posted: 15 Aug 2011 Last revised: 18 Aug 2011
Date Written: May 21, 2011
Abstract
Based on the assumptions of the neo-Keynesian distribution theory and using an information-theoretic approach this paper derives the distribution of income between income units. This makes it possible for the theory of functional distribution to handle more complicated social relations and savings behavior. This also helps us understand the savings behavior of individual households and the ways in which they aggregate over the entire population to produce national saving.
Keywords: Macrostate, entropy, Gaussian distribution
JEL Classification: C00, E00
Suggested Citation: Suggested Citation
Das, Amaresh, Kaldor’s Theory of Distribution - An Information-Theoretic Approach (May 21, 2011). Bank of Finland Research Discussion Paper, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1849050
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