IDEAS home Printed from https://ideas.repec.org/a/cpo/journl/y2012i62p143-156.html
   My bibliography  Save this article

Wage, prices, rates of profit in a classical disequilibrium model

Author

Listed:
  • Édith Klimovsky
  • Olivier Rosell

Abstract

This paper deals with income distribution in two classical reproduction models in disequilibrium where wages are considered equivalent to the value of a given basket of commodities. These models can be distinguished by the assumption about the distribution of the value of the nonaccumulated part of production. We show that the relation between distribution variables is different in these two models. In the first one, the decreasing relation between the variation of the physical composition of wage and the rates of profit is limited to those sectors producing the involved wage-goods. In the second one, this decreasing relation concerns all the rates of profit which, contrary to the first case, only depend on changes in the value of the wage basket, whatever variations in its physical composition.

Suggested Citation

  • Édith Klimovsky & Olivier Rosell, 2012. "Wage, prices, rates of profit in a classical disequilibrium model," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 62, pages 143-156.
    • Handle: RePEc:cpo:journl:y:2012:i:62:p:143-156
    as

    Download full text from publisher

    File URL: http://www.cairn.info/revue-cahiers-d-economie-politique.htm
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Classical theory; distribution; disequilibrium; wage; profit; reproduction;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpo:journl:y:2012:i:62:p:143-156. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlos Andrés Vasco Correa (email available below). General contact details of provider: http://www.cahiersdecopo.fr/fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.