Primitive accumulation, growth and the genesis of social classes

The aim of this paper is to show that inequalities of wealth can be necessary conditions to explain the apparition and rise of a capitalistic system. We try to highlight Marx's insights on primitive accumulation. Our dynamic framework is consistent with Roemer's idea of endogenous class stratification. We extend this calculation by incorporating some features of the Pasinetti–Samuelson–Modigliani model, and provide an example of possible microfoundations.

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Year of publication:	2010
Authors:	Jacques, Jean-François ; Rebeyrol, Antoine
Institutions:	Université Paris-Dauphine (Paris IX)
Subject:	Primitive accumulation \| Growth \| Wealth inequalities

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Extent:	application/pdf
Series:	Economics Papers from University Paris Dauphine.
Type of publication:	Book / Working Paper
Notes:	Published in Metroeconomica, 2010, Vol. 61, no. 3. pp. 540-557.Length: 17 pages
Classification:	B50 - Current Heterodox Approaches. General ; O40 - Economic Growth and Aggregate Productivity. General ; E25 - Aggregate Factor Income Distribution
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010707668