Preface -- 1.Introduction -- 2.Fundamental Structure of Capitalist Economy -- 3.Extended Reproduction in the Capitalist -- 4.Accumulation and Crisis in Capitalist System Economy -- 5.Tendency Law in Capitalistic Accumulation -- 6.A Vision Toward New Society.

We study the effects of innovations on income distribution in capitalist economies characterised by a drive to accumulate. Consistent with the basic intuitions of Marx's theory of technical change, we show that there is no obvious relation between ex-ante profitable innovations and the income...

We study the effects of innovations on income distribution in capitalist economies characterised by a drive to accumulate. Consistent with the basic intuitions of Marx's theory of technical change, we show that there is no obvious relation between ex-ante profitable innovations and the income...