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Full-Text Articles in Economic History
Contrasting Chicago School And Kaleckian Theories: Industrial Organization, Income Distribution, And Historical Policy Significance In The United States, Henry Aaron Dobbs
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 …
The Labor Share Question In China, Hao Qi
The Labor Share Question In China, Hao Qi
Doctoral Dissertations
In this study I explore why China’s labor share measured by the conventional approach experienced a major decline over the period from the mid-1990s to the outbreak of the global financial and economic crisis in 2008. I adopt a Marxian approach to address this question. Following the Marxian approach, I focus on how the power relation in the sphere of production affects labor’s share. I argue that major changes in the power relation that took place during the transition of China’s economic system have played a crucial role in the changes of distribution. To this end, I build homogenous series …