SUMMARYIt has become customary to dichotomize research results in functional income distribution in terms of neo‐classicalvs. neo‐Keynesian theories with appropriate footnotes referring to fringe theories and distinguished predecessors. In this note the latter set is enlarged! ErikLindahl'smasterly contribution to this subject is presented in a generalized version of a Kaldor‐Pasinettimodel. InPenning Politikens Medel(1930) Lindahlposes the question of how savings will be adjusted to equilibrium with a higher level of investment which, in turn, has been caused by a lowering of the rate of interest. The equilibrium level is attained, in a characteristically Kaldor‐Pasinettiway, by a redistribution of