ABSTRACT

Present-day distribution theory is characterized by a few competing basic approaches which differ from each other by laying particular stress on some special factors of the distribution process while neglecting others or regarding them as constants. The different theories-being as they are neoclassical marginal productivity theories, degree of monopoly, Keynesian, sociological and institutional approaches-must therefore be regarded as intensive investigations of limited aspects of the distribution puzzle rather than as complete theories of the distributive process as a whole.