First published in 1979, the purpose of this book is to introduce a theory of the distribution of national income between wages, profits and other categories of income. The first 6 chapters introduce distribution theory to students of intermediate economic principles. The last 7 chapters discuss developments of the theory described.

Preface. 1. Introduction 2. The Efficiency Curve 3. The National Accounts 4. Choice of Technique 5. Savings and Investment 6. Full Employment and the Wage Bargain 7. Marginal Products 8. Marxian Theories 9. Skilled Labour and Land 10. Uncertainty 11. Technical Progress: Introduction 12. Long Run Growth in the One-sector Model 13. Technical Progress in Other Models 14. Conclusions. Bibliography. Index.