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We show, in contrast with Stiglitz, that an inegalitarian long run equi- librium can emerge in a Solow growth model framework, with linear consumption function. We then interpret this result in line with marxian economics. We extend the results by incorporating some features of the...
Persistent link: https://www.econbiz.de/10010706382
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...
Persistent link: https://www.econbiz.de/10010707668
Contrairement à Stiglitz, nous montrons qu’un équilibre inégalitaire de long terme peut apparaître dans le cadre du modèle de Solow, en supposant une fonction de consommation linéaire. Nous interprétons ce résultat en relation avec l’économie marxiste, en montrant que ce cadre...
Persistent link: https://www.econbiz.de/10008799997