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As an attempt at linking together profitability, income distribution and economic crisis the work of Weisskopt (1979) represents a very important seminal contribution to the literature. In a cunningly simple model Weisskopt assesses the importance of three major Marxist explanations of economic...
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The question of what effect if any trade unions have on the functional distribution of income is an old one. Conventional production theory suggests that the presence of a monopoly element on the supply side of a particular labour market may well raise wages but in the long run any factor...
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