ABSTRACT
There have been a number of attempts to show how alternative models of economic growth and the distribution of income between wages and profits can be developed using a common framework, which have arguably been useful in uncovering the essential features of these different models and showing how these features compare with those of other models. 1 The alternative models include those with full employment of labor and the full utilization of capital, as in orthodox- neoclassical models, those with growth based on saving and capital accumulation as in the classical-Marxian approach, and post-Keynesian ones in which growth depends on aggregate demand. These attempts, however, have typically assumed exogenously-given technology in the form of given input-output relations, focusing instead on growth due to factor accumulation, especially capital accumulation.
