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A Formalization of Elster's Version of the Marxian Revolution, Viewed as a Contingent Event

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  • Petith, H.

Abstract

A formalization of Elster's interpretation of MArx's theory of revolution is presented in terms of a one sector model with continuous substitution, land as a factor of production and a particular population theory. A long justification for calling such a model Marxian is given. Then it is shown that the revolution may occur only if the drag caused by the fixed supply of land is greater than the force of technical progress.

Suggested Citation

  • Petith, H., 1998. "A Formalization of Elster's Version of the Marxian Revolution, Viewed as a Contingent Event," UFAE and IAE Working Papers 420.98, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    • Handle: RePEc:aub:autbar:420.98
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    More about this item

    Keywords

    LAND ; REVOLUTION;

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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