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Contrasting Chicago School And Kaleckian Theories: Industrial Organization, Income Distribution, And Historical Policy Significance In The United States, Henry Aaron Dobbs

Electronic Theses and Dissertations

The purpose of this paper is to identify the role that long-run industry concentration plays in determining the distribution of income, particularly in the past four decades in the United States, as well as examining how industry concentration has developed during that period. The paper is especially focused on the fall in labor’s share of income. First, I examine current literature regarding trends in industry concentration and its relation to the distribution of income. Next, I examine the historical impact of the Chicago School of Economics on this subject, focusing on the school of thought’s propositions regarding industry concentration, their …