Testing Marx

Charlotte Bartels, Felix Kersting, Nikolaus Wolf

We study the dynamics of capital accumulation, income inequality, capital concentration, and voting up to 1914. Based on new panel data for Prussian regions, we re-evaluate the famous Revisionism Debate between orthodox Marxists and their critics. We show that changes in capital accumulation led to a rise in the capital share and income inequality, as predicted by orthodox Marxists. But against their predictions, this did neither lead to further capital concentration nor to more votes for the socialists. Instead, trade unions and strike activity limited income inequality and fostered political support for socialism, as argued by the Revisionists.

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Year of publication:	[2023]
Authors:	Bartels, Charlotte ; Kersting, Felix ; Wolf, Nikolaus
Publisher:	[München] : Collaborative Research Center Transregio 190
Subject:	income inequality \| concentration \| top incomes \| capital share \| capital accumulation \| Einkommensverteilung \| Income distribution \| Investition \| Investment \| Marxismus \| Marxism \| Vermögensverteilung \| Wealth distribution \| Soziale Ungleichheit \| Social inequality \| Kapitalismus \| Capitalism

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Extent:	1 Online-Ressource (circa 68 Seiten) Illustrationen
Series:	Discussion paper. - München : Collaborative Research Center Transregio 190, ZDB-ID 2881680-8. - Vol. no. 374 (January 24, 2023)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/282066 [Handle]
Classification:	D31 - Personal Income, Wealth and Their Distributions ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; N30 - Labor and Consumers, Demography, Education, Income and Wealth. General, International, or Comparative
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014477385