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Social classes, growth and primitive accumulation : some marxian views in a neoclasssical framework

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  • Jacques, Jean-François
  • Rebeyrol, Antoine

Abstract

We show, in contrast with Stiglitz, that an inegalitarian long run equi- librium can emerge in a Solow growth model framework, with linear consumption function. We then interpret this result in line with marxian economics. We extend the results by incorporating some features of the Pasinetti-Samuelson-Modigliani model, and provide an example of possible microfoundations.

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File URL: http://basepub.dauphine.fr/xmlui/bitstream/123456789/4093/1/cah0506.pdf
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Bibliographic Info

Paper provided by Paris Dauphine University in its series Economics Papers from University Paris Dauphine with number 123456789/4093.

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Date of creation: Jan 2005
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Publication status: Published in Cahiers de recherche / EURISCO, 2005
Handle: RePEc:dau:papers:123456789/4093

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Web page: http://www.dauphine.fr/en/welcome.html
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Related research

Keywords: Growth; Wealth inequalities; Primitive accumulation;

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  1. Joseph E. Stiglitz, 1967. "Distribution of Income and Wealth Among Individuals," Cowles Foundation Discussion Papers 238, Cowles Foundation for Research in Economics, Yale University.
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