Showing 1 - 10 of 534
Abstract: The paper presents a foundation model for Marxian theories of the breakdown of capitalism based on a new falling rate of profit mechanism. All of these theories are based on one or more of "the historical tendencies": a rising capital-wage bill ratio, a rising capitalist share and a...
Persistent link: https://www.econbiz.de/10005823893
The paper sets out a one sector growth model with a neoclassical production function in land and a capital-labour aggregate. Capital accumulates through capitalist saving, the labour supply is infinitely elastic at a subsistence wage and all factors may experience factor augmenting technical...
Persistent link: https://www.econbiz.de/10005572246
Abstract: This paper sets out a Marxian model that is based on the one by Stephen Marglin with one sector and continuous substitution. It is extended by adding technical progress and land as a factor of production. It is then shown that capital accumulation causes the preconditions for the...
Persistent link: https://www.econbiz.de/10005168480
Abstract: Marx and the writers that followed him have produced a number of theories of the breakdown of capitalism. The …
Persistent link: https://www.econbiz.de/10005572181
This paper examines the interaction between education, growth and distribution from a classical-Marxian perspective. It first briefly examines classical-Marxian ideas on the relation between education and growth and income distribution. Drawing on these ideas to the extent that they are relevant...
Persistent link: https://www.econbiz.de/10009371099
This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … influenced by Marx's work. First, the relationship between Marx's theory of value and Sraffa's reformulation of the classical … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined …
Persistent link: https://www.econbiz.de/10011997039
This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an 'ex post … influenced by Marx's work. First, the relationship between Marx's theory of value and Sraffa's reformulation of the classical … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined …
Persistent link: https://www.econbiz.de/10014363354
This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … influenced by Marx's work. First, the relationship between Marx's theory of value and Sraffa's reformulation of the classical … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined …
Persistent link: https://www.econbiz.de/10011994938
En este artículo se analiza el papel de la hipótesis de asimetría en los esquemas de reproducciónde Marx. Se asume una … propensión de los capitalistas al ahorro endógena y uniforme y se estudiasu efecto sobre el resultado encontrado por Marx …
Persistent link: https://www.econbiz.de/10008497405
This article updates the paper ‘Mr Marx and the Neoclassics’ presented at the July 1996 conference of the History of … orthodox interpretations of Marx’s thought. It provides a rigorous value-theoretic account of the falling profit rate, of … crisis, and of unequal world development rooted in an account of the value-price relation that conforms to Marx’s disputed …
Persistent link: https://www.econbiz.de/10005621983