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We present a model of growth and distributional conflict that implies a non-monotonic relationship between average wealth and the likelihood of radical redistribution: while the net benefits of redistribution for members of the poor class are small at low stages of development, a shift towards...
Persistent link: https://www.econbiz.de/10011430034
This paper compares the models of Arrow and Debreu [1954] and Sraffa [1960], and concludes that (1) the models are informationally distinct conceptions of a capitalist economy, (2) they support radically distinct - though complete and entirely correct - theories of value, (3) the prices in the...
Persistent link: https://www.econbiz.de/10010286398
Persistent link: https://www.econbiz.de/10011387256
approach based on their criticism. Suggesting that CSR is a discourse about the role of the economy in society, it discusses …
Persistent link: https://www.econbiz.de/10010327595
In the light of the deepening crisis of capitalism and continued non-Western capitalist accumulation, Henry Heller re …-examines the debates surrounding the transition from feudalism to capitalism in Europe and elsewhere. Focusing on arguments about … the origin, nature and sustainability of capitalism, Heller offers a new reading of the historical evidence and a critical …
Persistent link: https://www.econbiz.de/10011903332
We study how norms can solve distributional conflict inside a clan and the efficient coordination of collective action in a conflict with an external enemy.We characterize a fully non-cooperative equilibrium in a finite game in which a self-enforcing norm coordinates the members on efficient...
Persistent link: https://www.econbiz.de/10010264689
. Der Fokus liegt dabei auf dem Verteilungskonflikt zwischen dem Management und den Kapitalgebern über die Höhe der …
Persistent link: https://www.econbiz.de/10013188320
long run growth outcomes. Third, managerial pay links neo-classical Marxist theory with Post Keynesian growth theory. Neo … theory and firms may choose techniques that lower growth because they increase profits. …
Persistent link: https://www.econbiz.de/10010460492
This paper critically analyses the strongly subjectivist approach to exploitation theory recently proposed by Matsuo … exploitation index can be constructed. It is argued that a minimal objectivism is necessary in exploitation theory, whereby … related to the 'New Interpretation' ([1]; [3]). It is argued that it captures the core intuitions of exploitation theory and …
Persistent link: https://www.econbiz.de/10010280783
indicator-driven, meritocratic system. The expansion of hybrid Chinese party-state capitalism is therefore leading to a new … policy. Comparative political economy and world-system analysis guide the analysis. In each case, there are differences in … restructuring of the world economy. …
Persistent link: https://www.econbiz.de/10013385137