Kaldor’s theory of distribution
E768023
Kaldor’s theory of distribution is a post-Keynesian economic model explaining how income is divided between wages and profits based on savings behavior and investment, emphasizing the role of profit shares in achieving macroeconomic equilibrium.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Kaldor’s theory of distribution canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T8946060 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Kaldor’s theory of distribution Context triple: [Nicholas Kaldor, notableFor, Kaldor’s theory of distribution]
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A.
The Positive Theory of Capital
The Positive Theory of Capital is a foundational work in Austrian economics that systematically analyzes the nature of capital, interest, and time preference in the production process.
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B.
On the Theory of Economic Policy
On the Theory of Economic Policy is a foundational work in economics by Jan Tinbergen that systematically analyzes how governments can design and coordinate economic policies using formal models and quantitative methods.
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C.
Hicks–Kaldor compensation criterion
The Hicks–Kaldor compensation criterion is an economic efficiency test stating that a policy change is desirable if those who gain could in principle compensate those who lose and still be better off, regardless of whether compensation actually occurs.
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D.
The Economics of Welfare
The Economics of Welfare is a foundational 1920 economics treatise by Arthur Cecil Pigou that systematically develops welfare economics and the concept of externalities to analyze the role of government in correcting market failures.
-
E.
Some Aspects of the Inequality of Incomes in Modern Communities
"Some Aspects of the Inequality of Incomes in Modern Communities" is an influential early 20th-century economic study by Hugh Dalton that analyzes the causes, measurement, and implications of income inequality in industrial societies.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Kaldor’s theory of distribution Target entity description: Kaldor’s theory of distribution is a post-Keynesian economic model explaining how income is divided between wages and profits based on savings behavior and investment, emphasizing the role of profit shares in achieving macroeconomic equilibrium.
-
A.
The Positive Theory of Capital
The Positive Theory of Capital is a foundational work in Austrian economics that systematically analyzes the nature of capital, interest, and time preference in the production process.
-
B.
On the Theory of Economic Policy
On the Theory of Economic Policy is a foundational work in economics by Jan Tinbergen that systematically analyzes how governments can design and coordinate economic policies using formal models and quantitative methods.
-
C.
Hicks–Kaldor compensation criterion
The Hicks–Kaldor compensation criterion is an economic efficiency test stating that a policy change is desirable if those who gain could in principle compensate those who lose and still be better off, regardless of whether compensation actually occurs.
-
D.
The Economics of Welfare
The Economics of Welfare is a foundational 1920 economics treatise by Arthur Cecil Pigou that systematically develops welfare economics and the concept of externalities to analyze the role of government in correcting market failures.
-
E.
Some Aspects of the Inequality of Incomes in Modern Communities
"Some Aspects of the Inequality of Incomes in Modern Communities" is an influential early 20th-century economic study by Hugh Dalton that analyzes the causes, measurement, and implications of income inequality in industrial societies.
- F. None of above. chosen
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
economic theory
ⓘ
income distribution theory ⓘ post-Keynesian model ⓘ |
| assumption |
closed economy without government in basic version
ⓘ
constant output-capital ratio ⓘ constant propensity to save out of profits ⓘ constant propensity to save out of wages ⓘ full employment of labor in the long run ⓘ given real investment rate ⓘ mark-up pricing and imperfect competition in extended versions ⓘ |
| contrastsWith | neoclassical marginal productivity theory of distribution ⓘ |
| coreConcept |
functional distribution of income
ⓘ
investment-driven growth ⓘ macroeconomic equilibrium via profit share adjustment ⓘ profit share of income ⓘ saving behavior of workers and capitalists ⓘ wage share of income ⓘ |
| creator | Nicholas Kaldor NERFINISHED ⓘ |
| criticizedFor |
limited treatment of financial sector and open economy aspects
ⓘ
simplified treatment of labor market and wage determination ⓘ strong assumption of full employment ⓘ |
| explains |
how changes in investment affect profit share
ⓘ
how income is divided between wages and profits ⓘ relationship between saving, investment, and income shares ⓘ role of profit share in achieving growth equilibrium ⓘ |
| field |
growth theory
ⓘ
income distribution ⓘ macroeconomics ⓘ post-Keynesian economics ⓘ |
| goal | to link income distribution with growth and saving behavior ⓘ |
| implies |
distribution is endogenously determined by macro conditions
ⓘ
higher investment requires higher profit share ⓘ profit share adjusts to equate saving and investment ⓘ |
| influenced | subsequent post-Keynesian distribution and growth models ⓘ |
| influencedBy |
Cambridge capital controversies context
ⓘ
Keynesian theory of effective demand ⓘ |
| mathematicalForm | profit share as function of investment rate and saving propensities ⓘ |
| normativeAspect | emphasizes role of policy in influencing distribution via investment ⓘ |
| relatedTo |
Cambridge theory of distribution
NERFINISHED
ⓘ
Harrod–Domar growth model NERFINISHED ⓘ Kaldor–Pasinetti theorem NERFINISHED ⓘ Kaleckian distribution and growth models NERFINISHED ⓘ |
| timePeriod | mid-20th century ⓘ |
| usesConcept |
differential saving propensities of workers and capitalists
ⓘ
income-expenditure equilibrium ⓘ normal rate of profit ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Kaldor’s theory of distribution Description of subject: Kaldor’s theory of distribution is a post-Keynesian economic model explaining how income is divided between wages and profits based on savings behavior and investment, emphasizing the role of profit shares in achieving macroeconomic equilibrium.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Nicholas Kaldor