ABSTRACT
The nature and interaction of growth and income distribution provide an essential backdrop for the analysis of power and how it comes into play in the economy. Problems of unemployment, the distribution of the national income, the balance of international payments, and even inflation had to be handled within the context of their effect upon the pace of economic growth, regarded as the primary long-term objective for society. It is the critical interplay among economic growth, income distribution, and power as it operates in the market side of the economy that has been the major source of the economy's unsatisfactory performance for more than a decade. Since the availability of material goods depends directly upon resource supply and the efficiency with which resources are used, their supply is increased by economic growth. There is no question that sustained economic growth became a material economic fact during the Age of Keynes.
