Attempts to integrate developments in capital theory and shows their implications for models of long-run economic growth in mature capitalistic countries. This book presents the Von Neumann model and outlines its classical approach to the rate of profits and distribution. It analyzes the models of Meade, Tobin, Solow, and Samuelson-Modigliani.

Models of Meade, Tobin, Solow, and Samuelson-Modigliani are outlined and analyzed for their treatment and distribution and profits theory. The second group is comprised of models within the strict Keynesian tradition. The basic groundwork of these models as found in the work of Keynes and Kalecki is first cited. The Keynesian models are characterized by their assumption that the investment decision is totally independent of savings decisions in the economy. The models of Harrod, Kaldor, Pasinetti and Joan Robinson are presented and their method of approach to the rate of profits and distribution is analyzed. The concluding chapter focuses on criticisms brought against Keynesian models, and offers generalized formulations to deal with these neoclassical objections. General conclusions follow the treatment of each representative group.