Overtakable Capitalist Growth Paths

Comparing a process of labor- and capital-augmenting technical change directed by capitalists' maximization of profits with a counterfactual in which decentralized innovation decisions are governed by noncapitalist property relations, I claim that if the two economies start from the same technology and capital stock there's a date T such that after T per-capita consumption is always strictly greater on the counterfactual

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Year of publication:	2005
Authors:	Julius, A. J.
Publisher:	[S.l.] : SSRN
Subject:	Wirtschaftswachstum \| Economic growth \| Kapitalismus \| Capitalism \| Wachstumstheorie \| Growth theory

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Extent:	1 Online-Ressource (21 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 22, 2004 erstellt
Other identifiers:	10.2139/ssrn.651186 [DOI]
Classification:	E25 - Aggregate Factor Income Distribution ; O31 - Innovation and Invention: Processes and Incentives ; O41 - One, Two, and Multisector Growth Models ; P51 - Comparative Analysis of Economic Systems
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014067423