Distribution and Growth in an Economy with Heterogeneous Capital and Excess Capacity

In a world of heterogeneous capital the aggregate capital-capacity ratio can change in a complicated way as the real wage rate changes and, therefore, nothing useful can be said, a priori, about the relationships between the real wage rate (or the aggregate profit share), the degree of capacity utilization and the rates of profit, capital accumulation and interest.

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Year of publication:	2007-01
Authors:	Mariolis, Theodore
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Aggregate capital-capacity ratio \| capacity utilization \| heterogeneous capital \| post-Keynesian theory \| Sraffian theory

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in Asian-African Journal of Economics and Econometrics 1-2.7(2007): pp. 365-375
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; D57 - Input-Output Analysis ; E11 - Marxian; Sraffian; Institutional; Evolutionary
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008540114