Principles of capitalistic commodity production reconsidered
AbstractHelmedag (2012) derives effects on employment caused by changes in (a) uncompensated wage hours, (b) output, (c) productivity, and (d) a combination of the latter two. His results are derived from a linear two-sector model. His closure of the model is based on the determination of the profit rate via aggregate production. This closure bears some flexibility. Changes in the profit rate require changes in the composition of output, but the level of total production cannot be derived uniquely thereof. It will be shown, therefore, that results (a), (c) and (d) depend on a specific assumption. Without it, different adjustment paths are possible. The model is then either limited to economies of certain institutional characteristics, or a plea for certain institutional elements, such as social insurance systems.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Edward Elgar in its journal European Journal of Economics and Economic Policies: Intervention.
Volume (Year): 10 (2013)
Issue (Month): 3 (December)
Contact details of provider:
Web page: http://www.elgaronline.com/ejeep
effective demand; employment; income shares; rate of profit;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helen Craven).
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.