The government sector in the post-Keynesian theory of growth and personal distribution

In an article published in Italian in 1964 and translated in English in 1979, Garegnani (1979:73fn, 79, 81) was the first to develop the suggestion of Sraffa (1960:33) that the rate of profit should be taken as a variable susceptible of being determined by the level of the money rates of interest. ¹ This view on what determines income distribution has been considered by the literature alternative ² to another post-Keynesian view, which relates the rate of profit to the rate of growth of the economy.