caa a22 4500 397572700 CHVBK 20180308164846.0 cr unu---uuuuu 161202e199607 xx s 000 0 eng 10.1093/oxfordjournals.cje.a013627 doi (NATIONALLICENCE)oxford-10.1093/oxfordjournals.cje.a013627 Palley Thomas I. New School for Social Research New York Inside debt, aggregate demand, and the Cambridge theory of distribution [Elektronische Daten] [Thomas I. Palley] This paper presents a Kaleckian model of aggregate demand with inside debt and a generational structure. The model shows how worker borrowing and population growth affect the level of aggregate demand. It also re-examines the Cambridge theorem, and shows that the introduction of inside debt arising from worker borrowing means that the rate of profit and profit share are no longer independent of worker consumption behaviour because increased worker borrowing increases capitalists' debt service income. This necessitates a decline in profits to maintain the balance between capitalists' savings and their investment funding requirement. © 1996 Academic Press Limited Articles nationallicence Cambridge Journal of Economics Oxford University Press 20/4(1996-07), 465-474 0309-166X 20:4<465 1996 20 cameco https://doi.org/10.1093/oxfordjournals.cje.a013627 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1093/oxfordjournals.cje.a013627 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Palley Thomas I. New School for Social Research New York NATIONALLICENCE 773 0- Cambridge Journal of Economics Oxford University Press 20/4(1996-07), 465-474 0309-166X 20:4<465 1996 20 cameco Metadata rights reserved CC BY-NC-4.0 http://creativecommons.org/licenses/by-nc/4.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-oxford