A K aldor– H icks– G oodwin– T obin– K alecki model of growth and distribution

This paper presents a K aldorian model of growth that incorporates both K aldor's theory of income distribution and his endogenous technical progress function. Growth is driven by demand‐side forces that induce supply‐side accommodation. The model incorporates H icksian induced innovation; G oodwin M arxist style labor conflict that affects wage bill division between workers and managers; T obin inflation effects; and K alecki monopoly power effects. Unlike the neo‐ K aleckian model, a K aldorian economy operates at normal capacity utilization. Monopoly power plays a role as a barrier to entry rather than determining the functional distribution of income.