The propositions advanced by Marx and Smith on the relation between labor and prices are examined, with particular emphasis on income distribution, within a non-Walrasian setting including joint production and heterogeneous labor. Among its contributions, the paper introduces the concept of...

The paper considers the division of a production system into departments I and II. It introduces a further division of department I into a homothetic and a complementary sector. It shows the existence of non-trivial upper and lower bounds for the capital stock and the wages that depend on this...

This paper studies the effects on income distribution caused by changes in the fraction of wages paid at the start of a production program, when the remaining wage is paid at the end. Among other results, it is found that this fraction permits the definition of certain restrictions affecting the...

This article studies Adam Smith's equality between the price of each good and the income obtained from the good. With this aim, this work introduces the income distribution rate designating the corresponding profit/wage proportion and comparing Marx's and Smith's theories, the article...

The propositions advanced by Marx and Smith on the relation between labor and prices are examined, with particular emphasis on income distribution, within a non-Walrasian setting including joint production and heterogeneous labor. Among its contributions, the paper introduces the concept of...

While the routine use of Leontief's closed model is limited to the case in which the whole income of an economy goes to wages, this paper shows that the model permits also the representation of production programs corresponding to every level of income distribution between wages and profits. In...

This paper studies, within a growth model, some effects of the inequality between the profit and growth rates on the reproduction of economic elites. To this end, it considers as functions of the capital/income ratio the relations between, on the one hand, the rate of economic growth and, on the...