40

This paper considers income distribution in two classically inspired reproduction models of disequilibrium, where wages are considered equivalent to the value given exogenously to a basket of goods. These models can be distinguished by theories proposed on the distribution of the value of the non-accumulated part of production. The relation between distribution variables is shown to be different in the two models. In the first, the decreasing relationship between the variation of the physical composition of wages and the rates of profit is limited to those sectors producing the involved wage-goods. In the second, this decreasing relationship concerns all rates of profit, which, contrary to the first case, only depend on changes in the value of the wage basket, however much its physical composition may vary.